New York-based Global X Management Company LLC announced yesterday that the first ETF investing exclusively in Peruvian companies will begin trading on the NYSE by the middle of June, according to a report from Bloomberg. Bruno del Ama, CEO of Global X explained the motivations for the fund, saying ”the stock market has risen a lot, investors are bullish, and that’s helping us. We’re giving access to the Peruvian market and in the future people can go short in Peru, which is an option that doesn’t exist today.” [click to continue…]
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