NEW YORK, Nov. 26, 2013 /PRNewswire/ -- Global X Funds, the New York-based provider of exchange-traded funds (ETFs), announced it is listing today three ETFs on Bolsa de Valores de Colombia, the Colombian stock exchange. This marks the first time that a foreign ETF is listed on the Colombian exchange. (Logo: http://photos.prnewswire.com/prnh/20120927/NY82509LOGO) The three ETFs are the Global X FTSE Colombia 20 ETF (NYSE Arca: GXG), the Global X Guru Index ETF (NYSE Arca: GURU), and the Global X SuperDividend™ ETF (NYSE: SDIV). GXG is one of six Latin America-based ETFs from Global X Funds and was the first to offer investors access to the Colombian markets. GURU, which aims to provide access to investment ideas generated by some of the top hedge funds, surpassed $100 million in August and has since reached close to $300 million in assets. SDIV, with close to $800 million in assets, tracks the highest dividend-paying equity securities across global markets. "This is yet another exciting innovation for Global X Funds," said Bruno del Ama, chief executive officer. "After extensive work with Colombian regulators and the Colombian stock exchange, we are proud to be the first foreign issuer to bring ETFs to Colombian investors." Jose C. Gonzalez, Chief Operating Officer of Global X Funds, announced the news this morning at an event in Bogota. He was joined by the President of the Bolsa de Valores de Colombia and the President of Serfinco, a leading Colombian broker-dealer who is acting as local agent along with Deutsche Bank AG, New York, as foreign depository. "In addition to expanding our footprint abroad through innovative products, such as the recently launched Next Emerging & Frontier ETF (NYSE Arca: EMFM) and FTSE Portugal 20 ETF (NYSE Arca: PGAL), we are committed to broadening the accessibility of ETF products in growing regions around the world," said Mr. Gonzalez at the event. Global X Funds also has several ETFs listed on Bolsa Mexicana de Valores, the Mexican stock exchange.
In trading on Thursday, shares of the Guru Index ETF crossed above their 200 day moving average of $25.90, changing hands as high as $26.00 per share. Guru Index shares are currently trading up about 0.8% on the day.
In trading on Monday, shares of the Guru Index ETF crossed below their 200 day moving average of $25.78, changing hands as low as $25.44 per share. Guru Index shares are currently trading off about 2.5% on the day.
In trading on Tuesday, shares of the Guru Index ETF entered into oversold territory, changing hands as low as $25.06 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
In trading on Friday, shares of the Guru Index ETF crossed below their 200 day moving average of $25.71, changing hands as low as $25.62 per share. Guru Index shares are currently trading off about 0.7% on the day.