Global X Funds has launched the Global X FTSE Andean 40 ETF.
The fund tracks the FTSE Andean 40 Index, which invests in stocks in the Andean region of Chile, Columbia and Peru, which have a pending agreement to merge their stock markets. That will create the second-largest stock exchange in Latin America, after Brazil’s.
“We are excited to provide a benchmark and investment vehicle to the combined Chile, Colombia and Peru exchanges,” said Bruno del Ama, CEO of Global X Funds. “Because of its geographic size, the Andean region is an important investment opportunity underserved by the current Latin American ETF options.”