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| 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.

The Global X /InterBolsa FTSE Colombia 20 ETF(GXG Quote - Cramer on GXG - Stock Picks), which began trading in December, is the first fund from New York-based Global X Management Co. The company plans to introduce funds that invest in Egyptian and Peruvian stocks next.
 
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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EDICIÓN 1855

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