The Global X MSCI ETF (NYSEArca: GXG), the largest exchange traded fund tracking South America’s second-largest economy and one of this year’s best-performing single-country ETFs, is getting a new index.
At the close of trading on Aug. 31, GXG will transition to the MSCI All Colombia Select 25/50 Index from the MSCI Colombia Capped Index, according to New York-based Global X.
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“The MSCI All Colombia Select 25/50 Index applies additional liquidity screens on the MSCI All Colombia Index, which is designed to represent the performance of the broad Colombia equity universe. GXG is the largest Colombia-focused ETF in the United States, with over $80 million in assets under management[1] and will retain its name,” according to a statement issued by Global X.
GXG’s new index has 22 holdings compared to 28 for the ETF’s current index.