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.
Research methodologyFunds 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."
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