The first local ETF that follows the behavior of public debt in Colombia (GXTESCOL), listed by Global
This product has shown solid performance in its first six months, reaffirming its role as a key tool to diversify investment portfolios. and democratize access to the country’s public debt.
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At the end of September 2024, the net assets managed by the fund amounted to $148,579 million.
“Since its launch in March 2024, GXTESCOL has accumulated a total trading volume of $3.34 billion, with 66,632 units traded through more than 950 operations on the Colombian Stock Exchange,” stated Andrés Restrepo, general manager of bvc. This milestone highlights the growing interest of local investors in an innovative product that facilitates access to securities
TES (Treasury Title) in local currency. Additionally, at the close of business on Monday, September 30, 2024, the value of the GXTESCOL ETF unit reached $53,600, which represents a growth of 7.2% since its launch.
The GXTESCOL ETF is characterized by offering unprecedented accessibility to the Colombian sovereign bond market, allowing investors to acquire TES securities from amounts around $50,000, with that value acquiring one unit of the asset. This fund, structured by Global
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The ETF offers investors exposure to a diversified portfolio of 12 public debt bonds called TES issued by the Colombian Ministry of Finance, contributing to energizing the capital market. Bonds are part of the national government’s debt and are used to finance projects or needs of the national budget. It should be noted that the interest received by the fund is reinvested in the ETF (coupons).
“This ETF (GXTESCOL) is an ideal option for investors with a medium and long-term investment horizon, its low credit risk (sovereign, TES bonds), its permanent liquidity (intraday) and minimum cost (0.30% per year). ), makes it the lowest-cost stock market collective investment fund on the market. We offer an efficient and easily accessible investment instrument for any type of investment.
investor. Of course, you should always seek advice to resolve doubts and use this investment as an opportunity to diversify the portfolio and benefit from the movement of market interest rates,” stated Federico Torres, SVP, Head of Latin American Sales of Global X ETFs.
Colombia Stock Exchange
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“While investing directly in TES requires a minimum capital of $500 million, GXTESCOL allows investments from $50,000. “Anyone can start investing in the ETF through the stock brokerage company of their choice, mobile applications, and/or e-trade platforms that offer access to the Colombian public securities market,” Torres added.
