Bringing you live news and features since 2006 

Two fingers

JP Morgan to sponsor two additional two additional PIMCO ETFS on Mexican Stock Exchange

RELATED TOPICS​

JP Morgan has been appointed by PIMCO (Pacific Investment Management Company LLC) to offer two of its US-registered Exchange Traded Funds (ETFs) on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV).

The two ETFs are in addition to the existing five PIMCO ETFs previously sponsored by J.P. Morgan on the same exchange.
 
The new PIMCO ETFs, PIMCO 0-5 Year High Yield Corporate Bond Index Fund (HYS) and PIMCO 25+ Year Zero Coupon US Treasury Index Fund (ZROZ), are listed on the BMV in pesos and trades can be initiated through a local broker.
 
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 J.P. Morgan representative is available in Mexico City to provide local expertise to investors. 
 
“The ETF vehicle can help broaden investor access to PIMCO,” says 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, DR Executive for the Americas at JP Morgan, says: “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.”
 

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Thomas Bonville, Clear Street
Just over a year ago, Thomas Bonville joined New York-based, prime brokerage Clear Street as managing director, head of derivative...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by