Though the BRIC countries were known to be the beneficiary group for your foreign capital investment, the flow of investment has now changed its track towards the Nations in South America. The Colombian ETF has seen a very thick flow of such foreign investment.
The third largest producer of crude oil, no more is looked because economy that has been the sole producer of cocaine. The economy has seen betterment rolling around in its credit standing while using support of Standard & Poor and Moody’s investors Service. There has been a bit plunge in recent times inside the value of GXG by 11.2%. As compared to last year’s amount of investment of $9.33 billion, in 2010 sees only $ 8.74 billion. Not a rosy picture, but an upward trend of investments in the emerging markets, puts Columbia ETF inside the queue also. Being a major producer of Gold and Copper and having
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A better environment regarding security as well as a stabilized political situation has given Colombia an improved platform due to the trade. The economy has seen an improvement next stabilization. The exports of oil, petroleum, coal, and nickel to remember the glitzy sparkles of knickknack including gold and emeralds have experienced a good rise with regards to exports, having a remarkable trade surplus.
A chain reaction of the slowdown of two of the biggest trading partners with this country had put an volume of pressure on its economy but the constructions sectors of the company’s infrastructure came being a savior to this particular mode of crisis.
The activities with the mining sector of Columbia include the drivers of the rally of economic GDP growth rate. The World Bank ranked Colombia because the friendliest environment for business and claimed the economy had the exclusive power of attracting foreign investments. In addition to the the fiscal deficit from the country has seen a decrease of 0.5% in 2012 when compared to year 2011. The country is consistently improving its Macro economic conditions. The oil industry sees twice the output in terms of barrels produced a day, bringing about an upturn in their exports, aiming for $35.6 billion in 2014.
It has developed good trade relations using the U.S. and China that are its major consumers today. The economy has regulated its reforms and eliminated trade barriers to help make a business friendly environment with the world economies. This process helps you to promote its share of foreign investments into its infrastructure and builds a sturdy economy. No wonder the Colombia global x fund is catching the investor eyes, illustrating itself like a potential portfolio owned by Latin America. This country features a potential growth prospective using a remarkable demographic force to its credit.
As part from the free trade agreements from the economy, nine trade agreements are actually signed between Columbia and China. This shows the dramatic target its trade potential in the near future.
The top five stocks as on August 7, 2013 are Ecopetrol S.A. (ADR), Bancolombia S.A.Spons (ADR), Pacific Rubiales Energy ?? Grupo de Inversiones Suramericana and Cementos Argos SA, respectively accounting for 43.48% from the top stocks owned by the GXG ETF.