It is that slowing growth that has hampered Colombia ETFs this year. Overall, sentiment toward Latin America ETFs has been dour as the top-performing single-country fund of the group is the Global X FTSE Argentina 20 ETF (NYSEArca: ARGT), the only LatAm country-specific ETF to rise this year. [Inexpensive Global Markets Delivered This Year]
Colombian stocks have fallen out of favor with investors to the point that GXG experienced a 12-day losing streak earlier this year.
Despite the price retrenchment, Colombia, like several other faltering LatAm equity markets, is still pricy on valuation. Using the CAPE methodology, a variation of the traditional price/earnings ratio, Colombian stocks are more expensive than their Brazilian and Mexican peers. [Pricey Global Markets Lagged This Year]
Global X FTSE Colombia 20 ETF
ETF Trends editorial team contributed to this post.