Key stats
About Global X MSCI Colombia ETF
Expense ratio
0.63%
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Inception date
Feb 5, 2009
ISIN
US37954Y3273
GXG provides solid exposure to Colombian equities. It invests at least 80% in securities of companies that are economically tied to Colombia. The broad Colombia equity universe includes firms incorporated, listed and conduct majority of operations in the country. To meet diversification requirements, the funds underlying index employs a capping methodology, such that no group entity exceeds 25% of index weight and the aggregate weight of issuers with over 5% weight in the index are capped at 50% weight of the portfolio. The index is rebalanced quarterly. Furthermore, GXG has tinkered with its underlying index over the years. Since September 1, 2016, GXG tracks the MSCI All Colombia Select 25/50 Index, which features different liquidity requirements relative to its preceding underlying index, the MSCI All Colombia Capped Index. Prior to July 15, 2014, GXG tracked a FTSE index as well.
Classification
What's in the fund
Exposure type
Finance
Energy Minerals
Utilities
Non-Energy Minerals
Stock breakdown by region
GXG Near-Term Bearish in Bullish Long-Term ContextDeadly bearish gravestone doji on Friday, which also rejected the neckline to a potentially large and bullish inverse H&S pattern. Either way I stay cyclically bullish given my work on the weekly and monthly charts, as well as developments in EM in general. Short-term however, this one sees bearish
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