iShares has launched the iShares MSCI Colombia Capped ETF (ICOL) to bet on companies in the burgeoning region.

The fund will track the MSCI All Colombia Capped Index, which is a broad-based Colombia equity market index. iShares, citing data from the International Monetary Fund, said that Colombia has the third largest population among Latin and South American countries, with a growing educated and entrepreneurial middle class and a higher realized GDP growth than Brazil due to demand for its oil, natural gas and coal.

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