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Colombia ETF Provides Convenient Access to Growth Potential in Colombia
NEW YORK and BOGOTA, Columbia, Feb. 6 /PRNewswire-FirstCall/ -- New York-based asset manager Global X Management Company, in association with leading Colombian broker InterBolsa S.A. Comisionista de Bolsa, today launched the Global X/InterBolsa FTSE Colombia 20 ETF (NYSE:GXG), a new exchange-traded fund (ETF) listed on the NYSE Arca(R). The fund is the first ETF globally that enables investors to gain convenient access to the relatively untapped potential of the Colombian market.
The new Global X/InterBolsa FTSE Colombia 20 ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE Colombia 20 Index, a basket of the 20 most liquid securities in the Colombian market. The index is weighted by free-float adjusted market capitalization and employs a unique capping methodology to facilitate regulatory compliance with U.S. investment company tax diversification rules. The index is compiled by FTSE Group, a leading global index provider.
The index provides diversified access to the Colombian market and includes companies such as oil firm Ecopetrol, banking group Bancolombia, food manufacturer Chocolates, cement producer Cementos Argos, and utility firm Interconexion Electrica.
About InterBolsa S.A. Comisionista de Bolsa
InterBolsa S.A. Comisionista de Bolsa is the leading broker in the Colombian Stock Exchange having 29% of the market volume. InterBolsa S.A. Comisionista de Bolsa is part of InterBolsa S.A. Holding (Colombian Stock Exchange symbol: Interbol CB), a leading financial holding which also includes Interbolsa Panama and Interbolsa Futures in the U.S.
For more information, please visit http://www.interbolsa.com/.
About Global X Management Company LLC
Global X Management Company, LLC, a New York-based asset manager, serves as the investment adviser to Global X Funds. The firm, registered as an investment adviser with the Securities and Exchange Commission, specializes in innovative international ETFs, primarily focused on emerging and frontier markets. The firm also offers private label ETF services to leading financial institutions looking to enter the ETF market.
For more information, please visit http://www.globalxfunds.com/.
Investing involves risk, including the possible loss of principal. International investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors, as well as increased volatility and lower trading volume. Securities focusing on a single country may be subject to
higher volatility.
FTSE Indexes have been licensed for use by Global X Management Company, LLC. Global X Funds are not sponsored, endorsed, issued, sold, or promoted by FTSE, nor does this company make any representations regarding the advisability of investing in the Global X Funds.
Carefully consider the Funds' investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Funds' prospectus, which may be obtained by calling 1-888-GX-FUND-1 (1.888.493.8631), or by visiting http://www.globalxfunds.com/. Read the prospectus carefully before investing.
Buying and selling shares will result in brokerage commissions.
The Securities and Exchange Commission has not approved or disapproved these securities.
Global X Management Company, LLC serves as an advisor to the Global X Funds. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Global X Management Company, LLC.
Index data source: FTSE
DATASOURCE: Global X Management Company
CONTACT: Bruno del Ama of Global X Management Company, +1-646-691-6583,
Web Site: http://www.globalxfunds.com/