NEW YORK ( TheStreet) -- Barron's ran a feature article over the weekend about the merits of investing in financial stocks from the Andean countries of Peru, Chile and Colombia. This was of great interest to me as I have been writing about investing in Chile for many years, added Colombian exposure for clients at the start of the year (albeit in a different sector) and said in an appearance on CNBC in June that Peru was a buy despite the presidential election victory by Ollanta Humala, who is perceived to be unfriendly to business.The short version of the story is that these countries have stuff (mostly resources in the ground) that the rest of the world needs. These resources are creating newfound prosperity and a tailwind for the equities of these countries, including financials. The article mentions Santander de Chile ( SAN), Bancolombia ( CIB) and Creditcorp ( BAP) from Peru. Readers will be aware of a similar story with Brazil but the Andean countries are, to use a baseball analogy, in the earlier innings of this effect. iShares and Global X have the ETF route into this theme very well covered for investors preferring to avoid single stock risk for this segment of the global market. The iShares MSCI Chile Investable Market Index Fund ( ECH) allocates a surprising 24% to utilities followed by 19% in industrials and 18% in materials. Financials come in at 12%. The largest individual components include Empresas Copec which is an energy and natural resource conglomerate, retailer Cencosud and Empresa Nacional de Electricidad ( EOC) which is an electric utility company. GXG) is one of the most successfully timed ETF launches ever. In its first year it had an amazingly consistent ride to a 103% gain. As implied by the name of the fund there are only 20 holdings which makes it relatively concentrated. Financials are the largest sector by far at 41% followed by oil and gas at 17% and industrials at 10%. The aforementioned Bancolombia is the largest holding at 13% followed by oil giant Ecopetrol ( EC) at 12%.