Horizons ETFs and Fiduciaria Bogotá S.A. launch an ETF that tracks S&P
Colombia Select Index
BOGOTÁ, May 29, 2014 – Horizons ETFs Management (LATAM) LLC (“Horizons LatAm”), a
member of the Horizons ETFs Group, is pleased to announce the launch of its second Latin American
exchange traded fund (“ETF”), the Fondo Bursátil Horizons Colombia Select de S&P (the “Horizons
Colombia Select ETF”), which provides investors with exposure to the S&P Colombia Select Index (the
“Index”). The Horizons Colombia Select ETF begins trading today on the Bolsa de Valores de Colombia
(“BVC”) under the ticker symbol HCOLSEL.
The Horizons Colombia Select ETF will seek to replicate the returns of the Index. S&P Dow Jones
Indices LLC (“S&P”) designed the Index to provide exposure to the largest and most liquid domestic
stock issuers in Colombia. S&P’s selection universe for the Index is based on all the securities in the S&P
Colombia BMI that trade on the BVC.
The Horizons Colombia Select ETF was developed in association with Fiduciaria Bogotá S.A.
“Fidubogotá”), one of Colombia’s largest mutual fund providers. Fidubogotá will act as the management
company to the Horizons Colombia Select ETF and Horizons ETFs Management (Canada) Inc.
(“Horizons ETFs”), an affiliate of Horizons LatAm, will act as portfolio manager.
“With a single investment, investors can now have efficient access to the Colombian equity markets,” said
Federico Torres, Head of Latin American Sales for Horizons LatAm.
“In our view S&P has developed a superior index strategy for Colombia which reduces the issuer and
sector concentration risks that exist in current Colombian stock market benchmarks. Since no single stock
will have more than a 15 per cent weight in the Index and no sector will have more than a 40 per cent
weight, investors in the Horizons Colombia Select ETF can be confident they will be gaining exposure to
a more diversified Colombian solution than what currently exists,” added Torres.
“The Horizons Colombia Select ETF is our second ETF launch in Latin America, and gives investors low
cost exposure to a more diversified index than other benchmarks in the marketplace,” said Howard
Atkinson, Managing Director of Horizons LatAm and the Global Head of Sales and Marketing for Mirae
Asset Global Investments’ ETF business. “One of our strategic objectives is to take the best practices
we’ve learned from our global ETF business and leverage them in local markets. We have a strong
business relationship globally with S&P and are pleased to be able to offer their top-tier index strategies
to Latin American investors.”
“We’re very pleased to be expanding our ETF solutions for accessing the Colombian equity market in a
more diversified and low-cost manner. Mirae Asset has a globally renowned reputation for identifying and serving markets with the greatest potential and we believe that the Horizons Colombia Select ETF is
a promising way of achieving that goal,” said Mr. Taeyong Lee, President of the Global Business Unit
and Global Head of ETFs at Mirae Asset Global Investments, the parent company of the Horizons ETFs.
The Horizons Select Colombia ETF is the first ETF launched in the Colombian market and administered
by Fidubogotá, the local pioneer of end-to-end custody and administration solutions for funds.
“We are very proud to bring this product to market in conjunction with Horizons ETFs. For us, it is
essential that fiduciaries, especially Fiduciaria Bogotá, offer products that have been developed
according to international standards,” said Cesar Prado, President of Fidubogotá. “We think the
combination of our strong local presence combined with an adherence to global best practices puts us in
a unique position to offer value to a capital markets sector that has been historically dominated by
foreign competitors.”
Prado also added, “The market for ETFs is growing globally in a very important way, and Colombia will
not be the exception. We believe that the Horizons Colombia Select ETF is an excellent opportunity for
both local and foreign investors to share in the growth our country is experiencing.”
About Horizons ETFs Group (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. and Horizons ETFs Management (LATAM) LLC are
members of the Horizons ETFs Group. The Horizons ETFs Group consists of innovative financial
services companies offering regional families of ETFs in Canada, Korea, Hong Kong, Australia, the
United States and Colombia. Currently, all of the ETFs offered by these companies use the Horizons
ETFs’ brand with the exception of the ‘BetaShares’ family of ETFs in Australia and the ‘Mirae Asset
Tiger ETFs’ family in Korea. With approximately $8.6 billion in assets under management and 141 ETF
listings worldwide (as at April 30, 2014), the Horizons ETFs Group makes up one of the largest collective
families of ETFs in the world. All of the Horizons ETFs Group companies and affiliates are subsidiaries
of Mirae Asset Global Investments Co., Ltd.
About Mirae Asset Global Investments (www.MiraeAsset.com)
Mirae Asset Global Investments is one of the world’s largest investment managers in emerging market
equities (Investments & Pensions Europe, January 2014). With approximately 570 employees, including
124 dedicated investment professionals, Mirae Asset offers a breadth of emerging markets expertise.
Mirae Asset’s offices are located in Australia, Brazil, Canada, China, Colombia, Hong Kong, India,
Korea, Taiwan, the U.K., the United States and Vietnam. Headquartered in Seoul, South Korea, the firm
manages $58.7 billion in assets globally (as at December 31, 2013) through a diversified platform to offer
market-leading franchises in traditional equity and fixed income products, ETFs and alternative strategies,
such as real estate, private equity and hedge funds.
About Fiduciaria Bogotá S.A. (www.fidubogota.com)
Fiduciaria Bogotá S.A. (Fidubogotá) is a subsidiary of Banco De Bogota and is a member of Grupo
AVAL. It was established in September 1991 and is a leader in fiduciary products and services.
Fidubogotá provides strong local market knowledge, excellent good will and a range of fiduciary
capabilities that few other Colombian trust companies can provide. Fidubogotá delivers integrated solutions to its clients with one of the most experienced and well known fiduciary services team, offering
one of the widest range of local products available.
SOURCE: Horizons ETFs Management (Canada) Inc.
Colombia Select Index
BOGOTÁ, May 29, 2014 – Horizons ETFs Management (LATAM) LLC (“Horizons LatAm”), a
member of the Horizons ETFs Group, is pleased to announce the launch of its second Latin American
exchange traded fund (“ETF”), the Fondo Bursátil Horizons Colombia Select de S&P (the “Horizons
Colombia Select ETF”), which provides investors with exposure to the S&P Colombia Select Index (the
“Index”). The Horizons Colombia Select ETF begins trading today on the Bolsa de Valores de Colombia
(“BVC”) under the ticker symbol HCOLSEL.
The Horizons Colombia Select ETF will seek to replicate the returns of the Index. S&P Dow Jones
Indices LLC (“S&P”) designed the Index to provide exposure to the largest and most liquid domestic
stock issuers in Colombia. S&P’s selection universe for the Index is based on all the securities in the S&P
Colombia BMI that trade on the BVC.
The Horizons Colombia Select ETF was developed in association with Fiduciaria Bogotá S.A.
“Fidubogotá”), one of Colombia’s largest mutual fund providers. Fidubogotá will act as the management
company to the Horizons Colombia Select ETF and Horizons ETFs Management (Canada) Inc.
(“Horizons ETFs”), an affiliate of Horizons LatAm, will act as portfolio manager.
“With a single investment, investors can now have efficient access to the Colombian equity markets,” said
Federico Torres, Head of Latin American Sales for Horizons LatAm.
“In our view S&P has developed a superior index strategy for Colombia which reduces the issuer and
sector concentration risks that exist in current Colombian stock market benchmarks. Since no single stock
will have more than a 15 per cent weight in the Index and no sector will have more than a 40 per cent
weight, investors in the Horizons Colombia Select ETF can be confident they will be gaining exposure to
a more diversified Colombian solution than what currently exists,” added Torres.
“The Horizons Colombia Select ETF is our second ETF launch in Latin America, and gives investors low
cost exposure to a more diversified index than other benchmarks in the marketplace,” said Howard
Atkinson, Managing Director of Horizons LatAm and the Global Head of Sales and Marketing for Mirae
Asset Global Investments’ ETF business. “One of our strategic objectives is to take the best practices
we’ve learned from our global ETF business and leverage them in local markets. We have a strong
business relationship globally with S&P and are pleased to be able to offer their top-tier index strategies
to Latin American investors.”
“We’re very pleased to be expanding our ETF solutions for accessing the Colombian equity market in a
more diversified and low-cost manner. Mirae Asset has a globally renowned reputation for identifying and serving markets with the greatest potential and we believe that the Horizons Colombia Select ETF is
a promising way of achieving that goal,” said Mr. Taeyong Lee, President of the Global Business Unit
and Global Head of ETFs at Mirae Asset Global Investments, the parent company of the Horizons ETFs.
The Horizons Select Colombia ETF is the first ETF launched in the Colombian market and administered
by Fidubogotá, the local pioneer of end-to-end custody and administration solutions for funds.
“We are very proud to bring this product to market in conjunction with Horizons ETFs. For us, it is
essential that fiduciaries, especially Fiduciaria Bogotá, offer products that have been developed
according to international standards,” said Cesar Prado, President of Fidubogotá. “We think the
combination of our strong local presence combined with an adherence to global best practices puts us in
a unique position to offer value to a capital markets sector that has been historically dominated by
foreign competitors.”
Prado also added, “The market for ETFs is growing globally in a very important way, and Colombia will
not be the exception. We believe that the Horizons Colombia Select ETF is an excellent opportunity for
both local and foreign investors to share in the growth our country is experiencing.”
About Horizons ETFs Group (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. and Horizons ETFs Management (LATAM) LLC are
members of the Horizons ETFs Group. The Horizons ETFs Group consists of innovative financial
services companies offering regional families of ETFs in Canada, Korea, Hong Kong, Australia, the
United States and Colombia. Currently, all of the ETFs offered by these companies use the Horizons
ETFs’ brand with the exception of the ‘BetaShares’ family of ETFs in Australia and the ‘Mirae Asset
Tiger ETFs’ family in Korea. With approximately $8.6 billion in assets under management and 141 ETF
listings worldwide (as at April 30, 2014), the Horizons ETFs Group makes up one of the largest collective
families of ETFs in the world. All of the Horizons ETFs Group companies and affiliates are subsidiaries
of Mirae Asset Global Investments Co., Ltd.
About Mirae Asset Global Investments (www.MiraeAsset.com)
Mirae Asset Global Investments is one of the world’s largest investment managers in emerging market
equities (Investments & Pensions Europe, January 2014). With approximately 570 employees, including
124 dedicated investment professionals, Mirae Asset offers a breadth of emerging markets expertise.
Mirae Asset’s offices are located in Australia, Brazil, Canada, China, Colombia, Hong Kong, India,
Korea, Taiwan, the U.K., the United States and Vietnam. Headquartered in Seoul, South Korea, the firm
manages $58.7 billion in assets globally (as at December 31, 2013) through a diversified platform to offer
market-leading franchises in traditional equity and fixed income products, ETFs and alternative strategies,
such as real estate, private equity and hedge funds.
About Fiduciaria Bogotá S.A. (www.fidubogota.com)
Fiduciaria Bogotá S.A. (Fidubogotá) is a subsidiary of Banco De Bogota and is a member of Grupo
AVAL. It was established in September 1991 and is a leader in fiduciary products and services.
Fidubogotá provides strong local market knowledge, excellent good will and a range of fiduciary
capabilities that few other Colombian trust companies can provide. Fidubogotá delivers integrated solutions to its clients with one of the most experienced and well known fiduciary services team, offering
one of the widest range of local products available.
SOURCE: Horizons ETFs Management (Canada) Inc.
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