Corporate Finance, DeFi, Blockchain, Web3 News
Fintech, DeFi, Blockchain, Web3 Daily News by Finyear

Le NAFTRAC mexicain rejoint iShares

iShares ETF annonce ce jour une importante expansion avec l’acquisition de NAFTRAC, le plus important ETF du Mexique et d’Amérique Latine. L’ETF prend désormais le nom d’iShares NAFTRAC, destiné à répliquer l’IPC (Indice de Precios y Cotizaciones). Il positionne ainsi iShares comme leader dans cette région, avec 100 produits cotés à la bourse du Mexique.

La Nacional Financiera, la banque de développement du gouvernement mexicain, a lancé le NAFTRAC en avril 2002, aujourd’hui le plus suivi et reconnu des titres sur le marché mexicain.

Communiqué original :

Mexico’s NAFTRAC joins the iShares family

The iShares family of Exchange Traded Funds (ETFs)
today announced a significant expansion with the acquisition of NAFTRAC, the first and largest ETF in Mexico and Latin America. Following approval of the transaction by holders of NAFTRAC, the ETF was renamed the iShares NAFTRAC™. Its addition to the iShares family makes iShares a leading provider of ETFs in the region.

Nacional Financiera, the Mexican government development bank, launched NAFTRAC in April 2002 and today it is one of the most recognized and widely followed securities in the Mexican market. From January through April 2009, trading of NAFTRAC represented 14% of all trading volume at the BMV®. 1iShares NAFTRAC is designed to track the leading Mexican stock index, the IPC® (Índice de Precios y Cotizaciones).

“We are very proud to have the pioneering and globally known NAFTRAC as part of our industry-leading ETF family. NAFTRAC’s addition to the iShares family is consistent with our commitment to providing the most compelling investment tools to investors in Mexico,” said Alejandro Reynoso, CIO and Regional Director for iShares Latin America.

The iShares NAFTRAC complements other members of the Mexican iShares family which was launched in October 2007. iShares now has 100 products listed on the Mexican Stock Exchange and is the largest provider of ETFs in Mexico.

Daniel Gamba, CEO, iShares Latin America and the Caribbean, said, “In the months to come, we will further intensify our efforts to develop and expand our business in Mexico, reaffirming our commitment to the market, which has set the standard in Latin America.”

About iShares Mexico
iShares, Barclays Global Investors’ ETF division, represents approximately 20 percent of the equity trading volume of the Mexican Stock Exchange and offers local investors 93 cross-listed international ETFs and seven local Mexico-based ETFs. The local Mexican iShares ETFs, launched in October 2007, have attracted more than US $1.2 billion. BGI also offers more than 100 iShares ETFs to pension plans and mutual funds in Brazil, Chile
and Peru.

About Barclays Global Investors
Barclays Global Investors is one of the world’s largest asset managers and a leading global provider of investment management products and services with more than 3,000 institutional clients and US$1.5 trillion of assets under management as of December 31, 2008. BGI transformed the investment industry by creating the first index strategy in 1971 and the first quantitative active strategy in 1979. BGI is one of the global product leaders in exchange traded funds (iShares® exchange traded funds) with over 360 funds globally across equities, fixed income and commodities which trade on 18 exchanges worldwide.
iShares’ customer base consists of the institutional segment of pension plans and fund managers, as well as the retail segment of financial advisors and high met worth individuals.

ETFs are index funds that are bought and sold like ordinary shares on a stock exchange and are a tool to gain diversified exposure to a market. ETFs can be used to achieve many investment strategies :
- for buy and hold investing
- for active traders who wish to take advantage of market movements
- for investors wishing to hedge the market
- as an alternative to futures and other institutional investment tools
iShares may not be suitable for all investors and Barclays Global Investors Limited does not guarantee their performance. The price of the investments may go up or down and the investor may not get back the amount invested.

1 Source: Mexican Stock Exchange

Lundi 18 Mai 2009