BLACKROCK , the largest asset manager in the world, officially introduced to the Colombian market its first Exchange Traded Fund, iShares COLCAP, which invests in the 20 most liquid and largest stocks of the Colombian Stock Exchange that comprise the COLCAP index. The ETF was developed by BlackRock under its iShares brand, with the participation of CitiTRUST as the Fund’s Management Company. The Fund is based on the COLCAP index, developed and managed by the BVC.
Daniel Gamba, CEO of BlackRock Latin America and Iberia and representatives of CitiTRUST and BVC introduced iShares COLCAP to the Colombian market with a traditional bell ringing at the beginning of the trading day (WHERE) . "iShares COLCAP is the first ETF listed on the BVC which represents a great opportunity to invest through a single transaction in the Colombian stock market which is one of the strongest and fastest growing economies in Latin America," said Gamba. "This demonstrates BlackRock's serious commitment towards the development of the Latin American markets and in particular to the Colombian market. "
The iShares COLCAP, which began trading in Colombia on July 6 on the Stock Exchange of Colombia (BVC, for its acronym in Spanish), seeks investment results that correspond generally to the price and yield performance of the COLCAP index.
With iShares COLCAP, BlackRock continues its business in Latin America, where it already has iShares ETFs authorized in countries such as Brazil, Mexico, Peru and Chile.
