Global X, one of the fastest-growing ETF issuers, continues to build out the emerging markets portion of its lineup. The company announced today the launch of the Global X FTSE Andean 40 ETF (AND), linked to an index that tracks the performance of the 40 largest companies in Chile, Colombia, and Peru. For many investors seeking exposure to South America, Brazilian stocks are the default choice. Of the 14 ETFs in the Latin America Equities ETFdb Category, half are pure play Brazilian funds and these seven ETFs account for close to 70% of the aggregate assets in the category. Even broad-based Latin American ETFs have a heavy tilt towards Brazil; the iShares S&P Latin America Index Fund (ILF) allocates almost 60% of its assets to Brazilian stocks. Chile makes up about 11% of that fund, with Peru accounting for less than 6%; ILF has no exposure to Colombia [also see [...] Click here to read the original article on ETFdb.com. Related Posts: Top Ten Equity ETFs Of 2010 Chile, The Forgotten South American ETF More Than Just Brazil; Latin America ETFs Surge Ahead Beyond EWZ: Five Other Latin America ETF Options Ultimate Guide To Latin America ETFs