JP Morgan sponsors two additional Pimco ETFs on Mexican exchange

Apr 12th, 2012 | By | Category: Fixed Income

JP Morgan has been appointed by Pimco, a leading global investment management firm, to offer two of its US-registered ETFs on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV).

JP Morgan sponsors two additional Pimco ETFs on Mexican exchange

Alec Kersman.

The two ETFs are in addition to the existing five PIMCO ETFs previously sponsored by JP Morgan on the same exchange.

The new Pimco ETFs, the Pimco 0-5 Year High Yield Corporate Bond Index ETF (HYS) and the Pimco 25+ Year Zero Coupon US Treasury Index ETF (ZROZ), are listed on the BMV in pesos and trades can be initiated through a local broker.

JP Morgan’s Depositary Receipts Group services the ETFs and handles all corporate actions.  JP Morgan disseminates relevant shareholder and corporate actions information in the Mexican market via BMV.  Additionally, a dedicated JP Morgan representative is available in Mexico City to provide local expertise to investors.

“The ETF vehicle can help broaden investor access to Pimco,” said Alec Kersman, Head of Pimco’s Latin America and The Caribbean business. “We look forward to working with JP Morgan to expand the availability of our ETFs to Mexican institutional and qualified investors.”

Joseph Dooley, Executive, Depositary Receipts Group (Americas), at JP Morgan, said: “We are delighted about the opportunity to expand our relationship with Pimco, as there is an ongoing demand from both providers and investors for peso-denominated ETFs that provide US and global exposure.”

Tags: ,

Leave a Comment



More in Fixed Income
First Trust unveils actively managed municipal high income ETF
First Trust unveils actively managed municipal high income ETF

First Trust Advisors has launched the First Trust Municipal High Income ETF (Nasdaq: FMHI), a new actively managed fund investing primarily in municipal...

Sage Advisory launches first ETF
Sage Advisory launches ESG corporate bond ETF

Sage Advisory, an investment management firm based in Austin, Texas, has unveiled its first independently issued ETF, the Sage ESG Intermediate Credit ETF...

Close