Friday, 19 December 2008

Colombia's BVC Expects to Create ETF Next Year

Bolsa de Valores de Colombia (BVC) will create four more derivative contracts next year (two for public debt, one for the currency and an ETF linked to the Colcap -- the BVC's market capitalisation index,) Portafolio quoted Juan Pablo Cordoba (photo, right,) the stock exchange's president, as saying. 

The move follows the recent creation of three ETFs in Brazil by Barclays. Mexico is the biggest regional market for ETFs (or the most active for this type of instrument,) followed by Brazil -- where trading of ETFs is expected to grow 25 percent by 2012. 

No comments:

Post a Comment