iShares Launches New Mexico Bond ETFs (MEXICO)
July 17th, 2009
Barclays Plc’s iShares will offer the first exchange-traded funds that track Mexican government debt indexes, said Daniel Gamba, Barclays Global Investors’ executive director for Latin America.
iShares will sell five ETFs on the Bolsa exchange tracking Mexico’s government dollar bonds, treasury bills in pesos, five- and 10-year peso bonds and local inflation-linked securities, according to a company prospectus filed to the Bolsa. The funds will begin trading on July 16, Gamba said.
“These ETFs are going to be attractive because government bonds are heavily traded and are easier to follow than corporate debt,” he said in a telephone interview from Boston.
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