Bogotá, Colombia-based Horizons ETFs Management (LATAM) LLC has launched its second Latin American exchange traded fund (ETF), the company announced on Thursday.
Called the Horizons Colombia Select ETF, or the Fondo Bursátil Horizons Colombia Select de S&P, the ETF is meant to replicate the S&P Colombia Select Index and will provide exposure to the largest and most liquid domestic stock issuers in Colombia.
The Horizons Colombia Select ETF was developed in association with Fiduciaria Bogotá S.A. (Fidubogotá), one of Colombia’s largest mutual fund providers. The Colombian provider will be the new ETF’s management company while Toronto-based Horizons ETFs Management (Canada) Inc. will be its portfolio manager.
This is the first ETF launched in the Colombian market and administered by Fidubogotá, according to Horizons. The new fund is currently trading on the Bolsa de Valores de Colombia under the ticker symbol HCOLSEL.