The South American country of Colombia is renowned for its fine coffee, addictive salsa music, distinguished writers like Gabriel Garcia Marquez – and more. And now, investors can participate in another facet of Colombia – its stock market.
New York-based Global X Management Company has just introduced the GlobalX/InterBolsa FTSE Colombia ETF (GXG). The fund charges annual expenses of 0.86% and is the first U.S. listed ETF to target this Andean nation.
Popular ETFs that target South American stocks, like the iShares S&P Latin America 40 Index Fund (ILF) and the SPDR S&P Emerging Latin America ETF (GML), do not contain market exposure to Colombian stocks. ILF and GML both have Brazil, Mexico, and Chile as their largest country positions.