iShares Launches Colombian Fund; PowerShares Offers New Junk Bond Exposure

Equity markets took a dive yesterday, in part due to a delayed reaction from Federal Reserve Chairman Ben Bernanke’s speech Wednesday about tapering off the massive buying program and China’s continually slowing economy. The bad news was not enough to stop funds from entering the market, with both iShares and PowerShares bringing something new to the scene [see ETF Database Launch Center]. iShares is expanding its already massive line-up, this time creating a fund to gain access to the relatively untouched Colombian market [also see Sector ETFs: Biggest Winners & Losers YTD]. iShares MSCI Colombian Capped ETF : As the third equity fund to offer exposure exclusively to the Colombian equity market, ICOL will have to battle it out with existing funds Global X’s FTSE Colombia 20 and Market Vector’s Colombia ETF , but ICOL’s multi-cap approach and low expense rate could give it an edge. PowerShares is also building up its portfolio, [...] Click here to read the original article on ETFdb.com. Related Posts: ETFs To Tap Into 2013′s “Hidden Cities” Colombia ETF (GXG) To Undergo Share Split Van Eck Launches Colombia ETF (COLX) Three Years Later: Best Performing ETFs Since Markets Bottomed Out iShares Debuts Two New Emerging Markets ETFs