Irrepressible Colombia (GXG)
Mon, Aug 30, 1:12 AM ET, by Bill Luby
While U.S. investors can be forgiven for thinking that stocks have been stuck in a fairly narrow trading range for the last 3 ½ months, those who are scanning the globe for investment ideas are likely to have seen an entirely different investment climate. A case in point is the Global X/InterBolsa FTSE Colombia 20 ETF (GXG), which has regularly been showing up as one of the top geography-based ETFs in my weekly newsletter. GXG is up 42% in 2010, handily outdistancing the BRIC ETF, EEB, and the popular broad-based emerging markets ETF, EEM, which are down -4.8% and -1.8% year-to-date, respectively. Whereas BRIC has been a popular emerging markets investment theme for the past few years due to the popularity of Brazil (EWZ), Russia (RSX), India (EPI) and China (FXI), some have suggested that the current decade may turn out to be the decade of so-called frontier ETFs, with countries like Colombia, Indonesia (IDX), Vietnam (VNM), Egypt (EGPT), Turkey (TUR) and South Africa (EZA) among the top performers. These frontier ETFs already have their own catchy acronym, CIVETS in order to make them easier to recall. In terms of economic firepower, don't expect the CIVETS to displace the BRIC countries, but when it comes to returns, the CIVETS are already off and running - and Colombia has been acting like the new lead dog. Related posts: [source: StockCharts.com] Disclosure(s): long GXG, IDX and VNM at time of writing
SDI Glossary: "ETFs" Definition
SDI Glossary: "Stock" Definition
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