Global X Funds Launches Andean ETF (AND)

Global X Funds, the New York-based provider of exchange traded funds, today launched the Global X FTSE Andean 40 ETF AND. The fund is the latest expansion in the ETF issuer's Latin America fund suite and is the first ETF globally to target this region. The Global X FTSE Andean 40 ETF launch is a testament to the economic powerhouse that Latin America has become. The Andean region, comprised of Chile, Colombia, and Peru, has been among the best performing stock markets in the world. The ETF will allow investors to take advantage of a pending agreement to merge the stock markets of Chile, Colombia, and Peru, which will create the second largest stock exchange in Latin America after Brazil's and 50% larger than Mexico's (World Federation of Exchanges, 2010).