Though the BRIC countries were known being the beneficiary group for the foreign capital investment, the flow of investment has now changed its track for the Nations in South America. The Colombian ETF has seen a really thick flow of such foreign investment.
The third largest producer of crude oil, no longer is looked because economy that was the only producer of cocaine. The economy has seen betterment in its credit score while using support of Standard & Poor and Moody’s investors Service. There has been a bit plunge recently within the worth of GXG by 11.2%. As compared to last year’s volume of investment of $9.33 billion, this coming year sees only $ 8.74 billion. Not a rosy picture, but an upward trend of investments inside emerging markets, puts Columbia ETF inside the queue too. Being a major producer of Gold and Copper and having robust state – controlled energy companies, the economy seals its capacity of illustrating the caliber from the country.
A better environment in terms of security as well as a stabilized political situation has given Colombia a better platform for its trade. The economy has seen a growth next stabilization. The exports of oil, petroleum, coal, and nickel never to forget the glitzy sparkles of jewellery such as gold and emeralds have observed a great rise in terms of exports, enjoying a remarkable trade surplus.
A chain reaction with the slowdown of two in the biggest trading partners with this country had put an quantity of pressure on its economy nevertheless the constructions sectors of the infrastructure came being a savior to the mode of crisis.
The activities from the mining sector of Columbia would be the drivers in the rally of economic GDP growth rate. The World Bank ranked Colombia because friendliest environment for business and claimed the economy had the exclusive power of attracting foreign investments. In addition to the the fiscal deficit of the country has seen a decrease of 0.5% in 2012 compared to the year 2011. The country is continually improving its Macro economic conditions. The oil industry sees twice the output with regards to barrels produced every day, leading to a growth in their exports, targeting $35.6 billion in 2014.
It has developed good trade relations using the U.S. and China who are its major consumers today. The economy has regulated its
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best asic miner reforms and eliminated trade barriers in order to make a small business friendly environment using the world economies. This process helps 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 as a potential portfolio owned by Latin America. This country has a potential growth prospective with a remarkable demographic force to its credit.
As part of the free trade agreements from the economy, nine trade agreements are actually signed between Columbia and China. This shows the dramatic focus on its trade potential inside 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 comprising 43.48% of the top 10 stocks owned by the GXG ETF.