The Street.com | 2/10/2009 12:00:00 AM
Newest Emerging-Market Play: Colombia
Feb 10 -- Colombia, infamous for drug trafficking and violence, is presenting new investment opportunities through an exchange-traded fund that's making it easier to access its fledgling stock market.
Cocaine trading and political instability in Colombia have made headlines for decades, particularly during the murderous reign of Medellin cartel leader Pablo Escobar. But in recent years, Colombia's economy has benefited from the rise of free-trade attitudes under President Alvaro Uribe. As a result, the country's economy grew 3.1% during the first nine months of last year as the U.S. economy shrank.
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