JP Morgan has been appointed by Vanguard to offer four of its US-registered Exchange Traded Funds (ETFs) on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV). The four new ETFs are in addition to the 39 Vanguard ETFs previously sponsored by JP Morgan.
The new Vanguard ETFs are listed on the BMV in pesos and trades can be initiated through a local broker: Vanguard S&P 500 ETF (VOO), Vanguard Global ex-US Real Estate ETF (VNQI), Vanguard Short-Term Government Bond ETF (VGSH) and Vanguard Short-Term Corporate Bond ETF (VCSH).
JP Morgan’s Depositary Receipts (DR) 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 and guidance to investors.
“Globally, investors are recognising and embracing the benefits of a low-cost, diversified ETF investment approach,” says Vanguard Principal Dennis Duffy. “We look forward to working with JP Morgan to expand the availability of our stock and bond ETFs to Mexican institutional and qualified investors.”
Joseph Dooley (pictured), DR Executive for the Americas at JP Morgan, says: “As Vanguard was the first ETF provider that JP Morgan launched on the Mexican Stock Exchange back in 2008, we are delighted about the opportunity to expand one of our longest-standing relationships in this space.”
