J.P. Morgan will now sponsor all Vanguard exchange-traded funds that are listed on the international segment of the Mexican Stock Exchange (BMV).
In a release today, the company said that it will service the ETFs and handle all corporate actions regarding the funds. J.P. Morgan will also have a local representative available in Mexico City to provide investors with guidance on these ETFs if necessary.
The expanded partnership between J.P. Morgan and Vanguard comes to meet growing demand for these peso-denominated ETFs that provide U.S. and global exposure.
J.P. Morgan, through its Depositary Receipts Group, began offering select Vanguard ETFs on the BMV in December 2008, and it will now sponsor all 39 peso-denominated Vanguard ETFs in Mexico.
The ETFs span a full range of market segments, including international equities, sectors, sizes and fixed income.
You can see a complete listing of the 39 ETFs here.
You can read the release here.