J.P. Morgan will offer two of PIMCOs exchange-traded funds (ETFs) on the international segment of the Bolsa Mexicana de Valores (BMV), the Mexican stock exchange. The ETFs add to five existing J.P. Morgan-sponsored ETFs on the BMV.
The PIMCO 0-5 Year High Yield Corporate Bond Index Fund (HYS) and PIMCO 25+ Year Zero Coupon U.S. Treasury Index Fund (ZROZ) are listed on the BMV in Mexican pesos. Trades can be initiated through a local broker.
J.P. Morgans Depositary Receipts (DR) Group services the ETFs and handles all corporate actions. J.P. Morgan disseminates relevant shareholder and corporate actions information in the Mexican market via BMV. Additionally, J.P. Morgan has an on-the-ground representative in Mexico City to offer local expertise to investors.
Alec Kersman, head of PIMCOs Latin America and Caribbean business, says the ETFs will broaden investor access to PIMCO. We look forward to working with J.P. Morgan to expand the availability of our ETFs to Mexican institutional and qualified investors.
Joseph Dooley, DR Executive for the Americas at J.P. Morgan, adds: 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 U.S. and global exposure.
(CG)