Peru ETF Expected This Month

Jun. 4.09 | About: Global X (GXG)

Global-X ,the niche ETF issuer who currently lists the Global X/InterBolsa FTSE Colombia 20 (NYSEARCA:GXG) will be bringing its long-awaited Peruvian offering to the NYSE this month. Bloomberg quotes Global-X CEO Bruno del Ama as saying that the Global X FTSE Peru 20 will be trading by "the middle of June", finally allowing American investors easy access to the Andean nation's share market. The firm will beat to market a planned iShares rival offering.

The Peruvian stock market its the world's best performing YTD, with the benchmark Lima General Index soaring 95% so far this year. The market is dominated by natural resources companies that mine Peru's rich deposits of copper, zinc, tin, gold, and silver, making it a good play on infrastructure demand in emerging markets.

Global-X is also planning ETFs which track equities in Argentina, Egypt, and the Philippines, making it a player to watch in the emerging and frontier market space.