Global X Launches Andean ETF

According to a news release, the Andean region, comprised of Chile, Colombia, and Peru, has been among the best performing stock markets in the world. The ETF will allow investors to take advantage of a pending agreement to merge the stock markets of Chile, Colombia, and Peru, which will create the second largest stock exchange in Latin America after Brazil’s and 50% larger than Mexico’s, the announcement said.  

The Global X FTSE Andean 40 ETF tracks the FTSE Andean 40 Index, which is designed to measure the performance of the 40 largest and most liquid companies in the Chilean, Colombian, and Peruvian markets. As of January 27, 2011 the three largest components for AND were Colbún SA., AES Gener S.A., and CIA Sudamericana de Vapores.