First Colombia ETF starts trading on NYSE Arca
February 06 2009 - 9:50AM
PR Newswire (US)
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/
Copyright