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Global X Funds, a New York-based provider of exchange-traded funds, has announced the listing of three ETFs on Bolsa de Valores de Colombia, the Colombian stock exchange.
This marks the first time that a foreign ETF has been listed on the Colombian exchange.
The three ETFs are the Global X FTSE Colombia 20 ETF (GXG), the Global X Guru Index ETF (GURU), and the Global X SuperDividend ETF (SDIV).
The Global X FTSE Colombia 20 ETF is one of six Latin America-based ETFs from Global X Funds and was the first to offer investors access to the Colombian equities. It is linked to the FTSE Colombia 20 Index, a market capitalization-weighted index of the 20 most liquid stocks in the Colombian market.
The Global X Guru Index ETF is linked to the Solactive Guru Index and aims to provide access to investment ideas generated by some of the top hedge funds. The fund surpassed the $100 million mark in August and has since reached close to $300 million in assets.
The Global X SuperDividend ETF, which has almost $800 million in assets, is linked to the Solactive Global SuperDividend Index and tracks some of the highest dividend-paying equity securities across global markets.
All three of the ETFs maintain listings on the NYSE Arca.
Jose C. Gonzalez, Chief Operating Officer of Global X Funds, announced the listings at a news event in Bogota. He was joined by the President of the Bolsa de Valores de Colombia and the President of Serfinco, a leading Colombian broker-dealer who is acting as local agent along with Deutsche Bank, New York, as foreign depository.
Mr Gonzalez said: “In addition to expanding our footprint abroad through innovative products, such as the recently launched Next Emerging & Frontier ETF (EMFM) and FTSE Portugal 20 ETF (PGAL), we are committed to broadening the accessibility of ETF products in growing regions around the world.”
Bruno del Ama, chief executive officer, added: “This is yet another exciting innovation for Global X Funds. After extensive work with Colombian regulators and the Colombian stock exchange, we are proud to be the first foreign issuer to bring ETFs to Colombian investors.”
Global X Funds also has several ETFs listed on Bolsa Mexicana de Valores, the Mexican stock exchange.
As of October 31, 2013, the firm had $2.5 billion in assets under management.