Barclay’s iShares Plans To List ETFs On Chile’s Exchange Next Year (Santiago)
“iShares, the world’s biggest provider of exchange-traded funds, plans to list ETFs on Chile’s exchange next year and in Peru and Colombia within 12 months,” James Attwood Reports From Bloomberg.
Barclays Global Investors, which owns iShares, is preparing to offer ETFs in Chile after lawmakers approve capital market reforms under consideration that would allow trading of the funds, said Axel Christensen, BGI’s head of Chilean operations.
“If everything goes according to what’s planned by the Finance Ministry people we should be seeing local ETFs sometime next year,” Christensen said today in an interview in Santiago.
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Attwood Said “ETF holdings in Latin America surged to $7.9 billion in July from $2.6 billion in 2006, data from BGI show.” Currently, the only ETFs with primary listings in the region are in Mexico and Brazil, according to San Francisco-based BGI
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