VanEck has listed its first batch of Ucits-compliant ETFs on the Mexican Stock Exchange on the back of local demand.
The four Van Eck Ucits ETFs now available to Mexican investors, according to a press release from the firm, are:
- VanEck Vectors J.P. Morgan EM Local Currency Bond UCITS ETF, which tracks the J.P. Morgan GBI-EMG Core Index and gives exposure to local currency emerging market bonds.
- VanEck Vectors Gold Miners UCITS ETF, which gives exposure to the global gold mining sector by investing in large, mid and small-cap companies.
- VanEck Vectors Junior Gold Miners UCITS ETF, which also invests in the global gold mining sector but focuses on mid, small and micro-cap mining companies.
- VanEck Vectors Morningstar US Wide Moat UCITS ETF, which provides access to US companies with long-term structural advantages that allow them to withstand competition.
'Since launching our first Ucits ETF in 2015, we have seen increasing investor interest in Mexico,' said Eduardo Escario, regional director at VanEck. 'The listing of our Ucits ETFs in Mexico is an important milestone for our ETF business worldwide.'
Since 2003, managers have been able to cross-list funds after the Mexican stock exchange launched a program called the Sistema Internacional de Cotizaciones (SIC), which allows institutional investors to trade foreign securities in Mexico.
In 2004, BlackRock became the first firm to enter the SIC with its iShares range.