In context, GXG is not alone, as iShares S&P Latin America 40 (NYSEArca: ILF) is down 7.3% year to date as well.
Currently, top holdings in GXG are CIB, EC, PEGFF, Grupo Aval Acciones Y Valores Grupo, and Grupo de Inversiones Suramericana.
For those portfolio managers who may want to use the recent relative weakness in Latin American equities to scale into the market slowly after last year’s run up, especially in the case of Colombia, GXG may present a compelling case.
Global X FTSE Colombia 20 ETF
Chart source: StockCharts.com.
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