J.P. Morgan is now serving as sponsor for all Vanguard Exchange Traded Funds (ETFs) that are listed on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV). J.P. Morgan, through its Depositary Receipts (DR) Group, began offering select Vanguard ETFs on the BMV in December 2008, and will now sponsor all 39 Vanguard ETFs in Mexico.
Investors appetite for Vanguards broad lineup of ETFs continues to grow, and we believe that our relationship with J.P Morgan will meet the needs of this expanding marketplace, says Dennis Duffy, a principal in Vanguard’s International division.
We are pleased to welcome all Vanguards ETFs listed in Mexico to J.P. Morgan, says Joseph Dooley, DR Executive for the Americas at J.P. Morgan. We believe that there will be strong demand by investors for these peso-denominated ETFs that will provide U.S. and global exposure.
Vanguard ETFs are listed on the BMV in pesos and trades can be initiated through a local broker. J.P. Morgan services the ETFs and handles all corporate actions. J.P. Morgan also 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 and guidance to investors.
D.C.