GXG: Global X FTSE Colombia 20 ETF Twitter on Stock

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Wednesday, July 6, 2011, 11:51 AM Colombia moves its first international paper since becoming an investment grade credit, selling $2B in 10 year notes to yield 130 bps over Treasuries, and about 35 bps more than Brazil and Mexico pay. Rich in oil and minerals, the country is enjoying the fruits of the global resources boom. GXG +24% Y/Y. 1 Comment [Global & FX]
Tuesday, May 31, 2011, 5:20 PM Moody's raises Colombia's debt rating to Baa3 - investment-grade territory - citing the government's ability to deal with shocks of all sorts and a good handling of the booming revenues coming in from the commodity boom. GXG +38.0% Y/Y. 2 Comments [Global & FX]
Thursday, May 12, 2011, 4:54 PM "In good times, everybody looks very handsome" says Nicolas Eyzaguirre of the IMF (formerly Chilean Fin Min), issuing a stern warning to Latin American countries to prepare for an inevitable economic shock. "We are much more prone to overspend in good times than other parts of the world." 3 Comments [Global & FX]
Friday, April 29, 2011, 3:51 PM Colombia raises interest rates 25 basis points to 3.75% to battle percolating inflation in the Andes, and announces it may increase FX intervention to keep the peso's rise (11% Y/Y vs. the dollar) in check. The Colombian shares ETF, GXG +30.2% over the last year. 1 Comment [Global & FX]
Wednesday, April 6, 2011, 2:23 PM Colombia agrees to rework labor laws and crack down on violence against union organizers in a deal with the Obama administration, clearing the way for a free-trade agreement to be considered by Congress. The deal would give the U.S. access to Colombian markets without current custom duties and could increase exports by more than $1B/year. 8 Comments [Global & FX]
Thursday, February 10, 2011, 10:02 AM The Colombian government's welcoming policy on oil and mining exploration is drawing the interest of Carlos Slim. "They don't want to have Treasuries ... the dollar is weak and there’s no interest," says Slim, explaining why Colombian politicians would rather invest reserves in commodities. GXG -1.0%. AND -0.8%. 4 Comments [Global & FX]
Sunday, October 3, 2010, 5:30 PM Colombia's stock market has returned 34.5%/year over the past eight years, yet fund managers are just now acknowledging the infamous country as an attractive investment opportunity. With GDP growth of ~5.5%, a debt burden of just 24% of its national product, and business friendly policies, the GlobalX Colombia ETF (GXG) is a promising medium-term trading opportunity that could turn into a long-term hold. 1 Comment
Monday, August 30, 2010, 8:02 AM YTD Country ETF Performance shows emerging markets have greatly outperformed their developed market peers. Top performers include Colombia (GXG) +42.0%, Thailand (THD) +28.7%, and Indonesia (IDX) +25.0%. The worst performers are Spain (EWP) -22.6%, Italy (EWI) -22.4%, and France (EWQ) -17.9%. 1 Comment
Tuesday, August 24, 2010, 5:30 PM Tuesday's Best and Worst Single Country ETF Performances: Egypt (EGPT) +2.8%, Colombia (GXG) +0.8%, Singapore (EWS) +0.1%. Ireland (EIRL) -4.1%, Russia (RBL) -3.7%, Vietnam (VNM) -2.9%. 1 Comment

GXG Global X FTSE Colombia 20 ETF

GXG

Global X FTSE Colombia 20 ETF