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ETF Securities cross-lists four physically-backed ETPs in Mexico


ETF Securities (ETFS) has cross-listed four of its popular physically-backed precious metal products on the Mexican Stock Exchange, the Bolsa Mexicana de Valores (BMV).

The ETPs are: ETFS Physical Platinum Shares (Ticker:  PPLT); ETFS Physical Palladium Shares (Ticker: PALL); ETFS Physical Precious Metal Basket Shares (Ticker: GLTR); and ETFS Physical White Metal Basket Shares (Ticker: WITE).

The four “first to market products,” all with an expense ratio of 0.60%, gained momentum since launch on the NYSE Arca gathering almost USD2.0bn in less than two years. The cross listing to the Mexican Stock Exchange, BMV is part of a global expansion initiative for ETFS and the four cross-listed products will be the first of their kind available to Mexican investors. 

These new listings of commodity-related ETPs are complementary to the approximately 600 international securities and exchange traded funds (ETFs) already cross-listed and may enhance the overall offering on the international segment of the Mexican Exchange.

This Mexico cross-listing initiative is on the heels of significant demand heard from local Mexican institutional clients requesting more choice in physically-backed ETP solutions.  Also, the continued geopolitical turmoil in the Middle East and Africa, global inflationary concerns, and investment merits of adding non-correlated asset classes to portfolios all bode well for this new cross listed offering of ETFS products onto the Mexican Exchange, BMV.

ETFS will continue to look strategically at cross-listing more of its products onto the BMV and exchanges globally.

Fred Jheon Head of Product and Business Development says: "We are delighted to expand our global footprint into Mexico and have four of our popular US products meet the demand from Mexican investors."

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