This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Colombia ETF Doubles in a Year, Gets 'A' Rating

NEW YORK (TheStreet) -- The Global X/InterBolsa FTSE Colombia 20 ETF (GXG) earned an initial rating of "buy" from TheStreet.com Ratings. The exchange traded fund more than doubled in value in one year.

TheStreet.com Ratings, in all, initiated coverage of six exchange traded funds that accrued a sufficient track record of risk and performance data by the end of March. Five received grades in the "buy" range, and one starts off at "sell."

Three of the five "buy"-rated funds that opened for business in February and March 2009 received the highest possible rating of A-plus, or excellent.

The Colombia ETF, rated A-plus, tracks the performance of the 20 biggest stocks in the Latin American country, including Ecopetrol (EC), BanColombia (CIB), Isagen and Grupo Aval Acciones Valor.

Colombia 20 is one the first ETFs from the Global Funds group that target individual countries. Later offerings working their way through the Securities and Exchange Commission include ETFs covering the leading companies from Argentina, Egypt, Peru, Poland, the Philippines, the United Arab Emirates, Pakistan, Denmark, Finland and Norway.

Single country funds carry additional risks because they're not diversified. They have higher risks from currency fluctuations, account-system differences as well as potential economic and political instability.

The second-highest rated and second-best performer of the newly rated exchange traded funds gained 26% in one year by investing in municipal bonds. The A-plus rated Market Vectors High Yield Municipal Index ETF (HYD) follows the Barclays Capital Municipal Custom High Yield Composite Index, which is weighted to 25% investment-grade triple-B bonds and 75% non-investment-grade debt issuances of local governments. Of the non-investment grade debt, about a third of the holdings are unrated. Top industries include health care, industrial development, special tax, airlines, state general obligations, tobacco and transportation.

The third A-plus ETF, SPDR Barclays Capital Long Term Credit Bond ETF (LWC), returned 25% in one year. It's indexed to a Barclays index of bonds with maturities of more than 10 years. The index comprises dollar-denominated investment-grade corporate and sovereign debt. The top corporate securities were issued by AT&T (T), JPMorgan Chase (JPM), Pfizer (PFE) and Merck (MRK).

Research methodology

Funds graded A or B are considered "buy"-rated based on a track record of higher-than-average risk-adjusted performance. Funds at the C level are "hold," while underperformers at the D and E levels are "sell."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs