CIB - GXG: Colombia Macro Outlook 2019
The Global X MSCI Colombia ETF (NYSE:GXG) is the largest and most liquid country specific exchange-traded fund for Colombian equities. GXG offers investors good exposure to the underlying themes in the domestic economy through 27 holdings. Colombia's GDP growth has averaged 3.7% since 2010, outpacing that of larger regional peers like Brazil and Mexico. The story has been an expanding middle class and resilient consumer dynamics, even as industrial production and investment demand slowed with the turn in the commodity cycle this past decade. Considering a slowdown between 2016 and 2017, moderate growth