J.P. Morgan has been appointed by Pacific Investment Management Company LLC to offer two PIMCO U.S.-registered exchange-traded funds on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV).
The ETFs, 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 pesos and trades can be initiated through a local broker.
The two ETFs are in addition to the existing five PIMCO ETFs already sponsored by J.P. Morgan and listed in pesos on the same exchange. These are: PIMCO 1-5 Year U.S. TIPS Index Fund (STPZ), PIMCO Broad U.S. TIPS Index Fund (TIPZ), PIMCO 15+ Year U.S. TIPS Index Fund (LTPZ), PIMCO 1-3 Year U.S. Treasury Index Fund (TUZ) and PIMCO Investment Grade Corporate Bond Index Fund (CORP).
J.P. Morgan’s 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, 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,” said Alec Kersman, Head of PIMCO’s Latin America and Caribbean business, in a statement. “We look forward to working with J.P. Morgan to expand the availability of our ETFs to Mexican institutional and qualified investors.”
In a statement, Joseph Dooley, head of Americas regional depository receipts for J.P. Morgan, said: “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.”