“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 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.
SEE MORE: Index Change for the Colombia ETF
“The treaty will probably lead to higher government spending—on infrastructure, health, and education in poorer rural areas where FARC operated. The cost of implementing the deal is estimated from $15 billion to $45 billion, or 5% to 15% of gross domestic product spread out over the years, says Capital Economics; thus, spending will probably have to rise in the near term,” according to Barron’s.
For more information on the developing economies, visit our emerging markets category.
Global X MSCI ETF