Buying the Colombia ETF

The Global X Interbolsa FTSE Colombia 20 ETF (ticker: GXG on the NYSE) is a market capitalization-weighted index of the 20 most liquid stocks in the Colombian market.
Top 10 holdings include:
- Pacific Rubiales (17.2%): natural gas and oil company
- Ecopetrol (16.1%): biggest Colombian oil producer
- BanColombia (14.9%): biggest Colombian bank
- Grupo Aval Acciones y Valores (5.3%)
- Cementos Argos (4.7%)

Colombia is one of the so-called promising "frontier markets".
The Global X Interbolsa FTSE Colombia 20 ETF is the only ETF that offers exposure to the Colombian stock market and allocates around 34% to the oil and gas industry.

Fundamental reasons to invest in Colombia:
- this nation is very rich in natural resources: oil, coal, natural gas, gold, silver, nickel, platinum
- the country has the largest coal reserves of South America and, among the Latin American countries, is just behind Brazil for its hydroelectric potential
- political stability has been gradually improving over the last 10 years with strong decline in violence and number of kidnappings
- foreign direct investment in the country has quadrupled in the past decade to reach more than $9 billion in 2010
- inflation is under control: 2.6% in 2010
- Colombia is pursuing free trade agreements with Asian and other South-American nations to export its resources, in particular oil and coal

Technical reasons to buy now:
- price has retraced to the 200 day moving average and then rebounded
- a bullish divergence appears on the above chart between the price and the MACD

I am buying this ETF today at $40.87 for a total of $10,000. Stop loss: $34.