In our view, the combination of discounted valuations and potential growth catalysts position Colombia as an interesting investment opportunity. The political pendulum could swing toward the center-right next year, which could spur a return to more orthodox economic policies, potentially pushing valuation multiples higher, similar to what we’ve seen recently in Argentina. The potential for a new capital spending cycle and improving corporate governance help to round out the investment case. For those looking for exposure to Colombia, the Global X MSCI Colombia ETF (GXG) is the first and only U.S.-listed ETF to directly target Colombian stocks, and it comes with an expense ratio of 0.62%. To read the full report, click here.
Related ETF
GXG - Global X MSCI Colombia ETF
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