GXG News and Press, Global X MSCI Colombia From 10/31/22

Summary Since my August note, GXG has horribly underperformed the S&P 500. The article delves into the factors that contributed to GXG's decline, including political issues that dented the Colombian peso despite tailwinds from hawkish monetary policy. All in all, my point ...

Summary Both the Empire Manufacturing Survey and Philly Fed business outlook are expected to remain in contraction territory. Earnings season heats up as we hear from Bank of America, Goldman Sachs, Netflix, and Tesla. Japan may need to intervene in the FX market again as the ...

Summary Bancolombia is one of my preferred ways to gain access to Colombia. Colombia trades at a significant discount to MSCI Emerging Markets. Colombia does have new economic and political risks ahead of it. Opportunity Overview I took advantage of last week’...

Summary On 16 August 2022, President Joe Biden signed into law the IRA. The COVID-19-related global supply chain disruptions, extreme weather events, rising inflation, and the Russia-Ukraine crisis have pushed the cost of capital to record highs. Meanwhile, in China, surging c...

Summary Equities around the world tumbled in one of the more challenging periods in this cycle, with the MSCI All Country World Index (MXWD) posting losses of -15.66%. Challenges abounded in markets around the world, but these were not limited only to emerging markets. Challen...

Despite a solid fundamental outlook, headwinds have been present. The commodity run-up has clearly benefited Latin American fiscal and external accounts. Given the political currents in the region, concerns surrounding the political outlook will likely remain at the forefront. ...

Tower One Wireless has filed to raise approximately $86 million in an uplisting IPO to Nasdaq. The firm develops, acquires and leases wireless communications tower sites in several countries in the Americas. Tower One is growing revenue but is using a large amount of cash. ...

Emerging markets Asia’s regional central banks are powering ahead with frontloaded rate hikes. By contrast, we keep getting more dovish surprises in Central Europe. Brazil’s slower pace of tightening is well-deserved – the central bank was the hiking pioneer i...

Economies of Latin America and Caribbean have continued their strong post-pandemic rebound, but the winds are shifting as global financial conditions are tightening and commodity prices are reversing their upward trend, while inflationary pressures persist. The reopening of contact-in...

At first blush, GXG looks like an overlooked bet on global inflation. The Banco de la República has been decidedly hawkish, with a 150 bps rate increase delivered just recently. This is a boon for the financial sector. GXG is heavy in oil producers, the key inflation benefici...