When commodities swooned over the past two years, plenty of emerging markets and the corresponding exchange-traded funds felt the pain. The Global X MSCI Colombia ETF (NYSE: GXG) was among those ETFs, losing an average of 34 percent in 2014 and 2015.
Commodities' Swoon And Subsequent Rebound
Those loses were severe, though not surprising, when considering Colombia's status as a major producer of copper, gold and silver. Colombia, South America's second-largest economy behind Brazil, is also one of Latin America's fastest-growing oil producers, putting GXG in a tough spot during oil's recent bear market.
However, commodities are rebounding this year and Latin America ETFs are benefiting in significant fashion. Year-to-date, the best-performing single-country emerging markets ETF is the iShares MSCI All Peru Capped ...
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