For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
Products March 3, 2011
GlobalX Launches Argentina ETF
March 3, 2011 (PLANSPONSOR.com) – FTSE Group has licensed GlobalX Funds to create a new exchange-traded fund (ETF) based on the FTSE Argentina 20 Index.
Reported by PLANSPONSOR staff
The fund, which launched Thursday, is the first ETF globally to target Argentina. It is an expansion of GlobalX’s Latin American fund set, which also includes an ETF based on the FTSE Colombia 20 Index.
This is the sixth GlobalX fund based on FTSE’s regional and country-specific indexes, and the third launched this year, FTSE said.
The FTSE Argentina 20 Index represents the performance of the 20 largest and most liquid companies that directly participate in the Argentine economy but are not listed in Argentina.
More information is at www.ftse.com/Indices/FTSE_Argentina_20_Index/Downloads/FTSE_Argentina_20_Index_Factsheet.pdf .