A newly launched exchange-traded fund (ETF) will give investors exposure to the forty largest and most liquid stocks in Colombia, Peru and Chile.
The Horizons MILA 40 ETF has been created by Horizons ETFs and is the first international ETF in Columbia. Horizons said it will promote further market integration in the region.
“With a single investment, investors can now gain low-cost, diversified exposure to all three MILA markets,” said Federico Torres, head of Latin American sales for Horizons LatAm.
The launch also reflect progress in Colombia to improve its markets and it is hoped the joint trading venture between the Colombia, Peru and Chile stock exchanges will help to promote greater integration in the region.
Horizons has hired Cititrust Colombia, part of Citigroup, to handle the administration and global custody of the fund.