's Colombia exchange traded fund (
) is one of the top-performing funds of the year so far. Let's pull
back the curtain and see what's driving it higher.
The Colombian economy, which is emerging from a slowdown last
year, grew 4.4% in the first quarter, with the GDP expected to
expand 5% for the second quarter of this year,
The Wall Street Journal
Colombia's central bank foresees increased capital flows into
the economy through early 2011 and expects inflation to remain
within policy makers' long-range targets, despite the lowered pace
of recovery for the globe,
reports Helen Murphy for BusinessWeek
More to Latin America Than Brazil.
Favorable terms of trade, larger capital flows, low
international interest rates and a weak recovery in external demand
for the country's non-traditional products, will work in favor for
the Colombian economy. [
ETF Hot Spots In Latin America.
The ETF Professor for Benzinga reports
Colombia is also bolstered by increased oil production and a
government that has worked diligently to change the world's
perception of the country. Formerly known for its illegal
exports and Marxist rebels, Colombia is now a legitimate
destination for international investment capital.
Global X/InterBolsa FTSE Colombia 20 Index (NYSEArca:
Tisha Guerrero contributed to this article.