First Trust Advisors has cross-listed five additional exchange-traded funds (ETFs) on the Mexican stock exchange, Bolsa Mexicana de Valores (BMV).
The five additional ETFs are:
First Trust NASDAQ Technology Dividend Index Fund (ticker symbol:TDIV)
Multi-Asset Diversified Income Index Fund(ticker symbol:MDIV)
First Trust NASDAQ-100-Technology Sector Index Fund (ticker symbol:QTEC)
First Trust US IPO Index Fund (ticker symbol:FPX)
First Trust Value Line® Dividend Index Fund (ticker symbol:FVD)
First Trust first entered the Mexican market in 2011. The additional listings bring the total number of Mexican listed First Trust ETFs to 37. “We continue to see a growing number of Mexican investors utilise ETFs to meet their investment needs, and through investments like our newly listed ETFs, we hope to help our clients navigate these difficult markets,” said Codie Sanchez Baker, First Trust Latin America Investment Distribution. “Given the demand and our positive outlook for Mexico, we have increased coverage and resources to the region substantially, and plan to further our focus on Mexico in 2015.”
JP Morgan sponsors the cross-listing of First Trust’s ETFs and services the ETFs by handling corporate actions, disseminating information and working with investors in Mexico.
“We are delighted to provide Mexican investors additional choices to invest more broadly and diversify risk. We believe the key features provided by our ETFs, such as transparency, style consistency and differentiated market exposures, make them attractive to investors,” said Dan Lindquist, Managing Director of First Trust. “Mexico presents a significant opportunity for First Trust. As demand for ETFs in Mexico continues to grow, we plan to be there to meet that demand.”
