J.P. Morgan has been appointed by WisdomTree, an exchange-traded fund sponsor and asset manager, to offer six of its US-registered ETFs on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores.
The six new WisdomTree ETFs are listed on the BMV in pesos and trades can be initiated through a local broker.
The funds are: WisdomTree India Earnings Fund, WisdomTree Emerging Markets Equity Income Fund, WisdomTree Emerging Markets SmallCap Fund, WisdomTree LargeCap Dividend Fund, WisdomTree SmallCap Earnings Fund and WisdomTree Japan SmallCap Dividend Fund.
J.P. Morgan’s depositary receipts business services the ETFs and handles all corporate actions.
J.P. Morgan also disseminates relevant shareholder and corporate actions information in the Mexican market via BMV.
Additionally, a dedicated J.P. Morgan representative is available in Mexico City to provide local expertise and guidance to investors.
Bruce Lavine, president and chief operating officer at WisdomTree, says: “Investors’ demand for a diversified ETF line-up in the marketplace continues to increase. We believe that J.P. Morgan’s industry expertise, keen local market knowledge and market-leading advisory services will help us achieve our future growth initiatives.”
Joseph Dooley, depositary receipts executive for the Americas at J.P. Morgan, adds: “We look forward to servicing WisdomTree’s ETFs in Mexico. We welcome this strong investor appetite for peso-denominated ETFs and believe that this relationship will help us expand our presence in the Mexican market.”
