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 very thick flow for these foreign investment.
The third largest producer of crude oil, don’t is looked because economy that has been the only producer of cocaine. The economy has seen betterment rolling around in its credit history while using support of Standard & Poor and Moody’s investors Service. There has been just a little plunge in recent times inside the price of GXG by 11.2%. As compared to last year’s level 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 within the queue at the same time. Being a major producer of Gold and Copper inside them for hours robust state – controlled energy companies, the economy seals its capacity of illustrating the caliber of the country.
A better environment when it comes to security as well as a stabilized political situation has given Colombia a greater platform because of its trade. The economy has seen a growth following this stabilization. The exports of oil, petroleum, coal, and nickel not to forget the glitzy sparkles of bijou like gold and emeralds have witnessed a great rise regarding exports, having a remarkable trade surplus.
A chain reaction from the slowdown of two of the biggest trading partners with this country had put an quantity of pressure on its economy nevertheless the constructions sectors of the company’s infrastructure came being a savior for this mode of crisis.
The activities in the mining sector of Columbia are the drivers with 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 for this the fiscal deficit from the country has seen a decrease of 0.5% in 2012 best bitcoin mining hardware
best bitcoin miner when compared to the year 2011. The country is consistently improving its Macro economic conditions. The oil industry sees twice the output in terms of barrels produced every day, resulting in an upturn in its exports, aiming for $35.6 billion in 2014.
It has developed good trade relations with the U.S. and China who will be its major consumers today. The economy has regulated its reforms and eliminated trade barriers to help make an enterprise friendly environment with 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 carries a potential growth prospective with a remarkable demographic force to its credit.
As part from the free trade agreements of the economy, nine trade agreements have been signed between Columbia and China. This shows the dramatic give attention to 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% with the top ten stocks of the GXG ETF.