Global X Funds has unveiled an ETF to target the Andean region, in anticipation of a deal between Chile, Colombia and Peru to merge their stock markets.
The integration of these markets is currently undergoing testing, but once completed it would create Latin America's second biggest stock market - after Brazil - and one 50% larger than Mexico's.
The Global X FTSE Andean 40 ETF fund replicates its underlying FTSE index in order to track the 40 largest and most liquid companies across the region.
Although there are ETFs offering individual exposure to all three of these countries, this appears to be the first time investors can access all at once in an ETF
Global X CEO Bruno del Ama says: "Because of its geographic size, the Andean region is an important investment opportunity underserved by the current Latin American ETF options."
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