The financial services company Global X ETFs has just announced that they have been selected by the Colombian Ministry of Finance and Public Credit to be the manager for their Colombian Public Debt Stock ETF looking to be the first fixed income ETF in Colombia. With support from the World Bank, the ETF will be a big supporter in the growth of Colombia’s domestic capital markets.
ETF Newz Says:
The innovative strategy for the ETF will allow local partners in Colombia to package local currency debt into an ETF.
