ETF issuer HANetf has listed 16 ETFs on Mexico’s Bolsa Mexicana de Valores, including Procure Space UCITS ETF (YODA), EMQQ Emerging Markets Internet & Ecommerce UCITS ETF (EMQQ) and its ex-China sibling, FMQQ.
One the leading constituents in EMQQ and FMQQ is Mercado Libre which represents 4.6 per cent in the former and 10.1 per cent in the latter, HANetf writes.
Another listing is ETC Group Digital Assets & Blockchain Equity UCITS ETF (KOIN), that focuses on companies in the cryptocurrency and blockchain eco-system. This fund has a high correlation with bitcoin and is therefore used by many investors for proxy exposure to the cryptocurrency and blockchain related companies. Other ETFs listings include: ESG-screened gold miners, distributed energy, 5g infrastructure, cloud computing, cleaner living, airlines, travel and leisure, online gambling and renewable energy.
Several of these UCITS ETFs have sister 40 Act ETF versions listed in North America. These cross-listings will now give Mexican investors access to these strategies in a UCITS ETF wrapper. The UCITS wrapper has become increasingly favoured by Mexican and Latin American investors due to recognition of its robust regulation and governance structure, HANetf writes. Demand is also thought to be increasing for UCITS products in Mexico due to the preferential tax treatment of UCITS compared to alternative wrappers.
The listing marks part of the continued expansion of HANetf into the Mexican market. Earlier this year, HANetf announced it had partnered with Mexican broker Casa de Bolsa Finamex, SAB de CV ‘Finamex’, to jointly develop a UCITS ETF. The ETF will be listed on exchanges in Europe and on Bolsa Mexicana de Valores (BMV) during the first half of 2022.
