“We are confident that there will be increased investor appetite for PIMCO’s ETFs in the Mexican market and look forward to benefiting from J.P. Morgan’s expertise and experience in the ETF space.”
The five new PIMCO ETFs are listed on the BMV in pesos and trades can be initiated through a local broker: PIMCO 1-5 Year U.S. TIPS Index Fund (NYSE:STPZ), PIMCO Broad U.S. TIPS Index Fund (NYSE:TIPZ), PIMCO 15+ Year U.S. TIPS Index Fund (NYSE:LTPZ), PIMCO 1-3 Year U.S. Treasury Index Fund (NYSE:TUZ) and PIMCO Investment Grade Corporate Bond Index Fund (NYSE:CORP).
J.P. Morgan’s Depositary Receipts (DR) business services the ETFs and handles all corporate actions. J.P. Morgan disseminates relevant shareholder and corporate actions information in the Mexican market via BMV. Additionally, a dedicated J.P. Morgan representative is available in Mexico City to provide local expertise and guidance to investors.
Alec Kersman, Head of PIMCO’s Latin America and The Caribbean business, said: “We are confident that there will be increased investor appetite for PIMCO’s ETFs in the Mexican market and look forward to benefiting from J.P. Morgan’s expertise and experience in the ETF space.”
Joseph Dooley, DR Executive for the Americas at J.P. Morgan, said: “We look forward to servicing PIMCO’s ETFs in Mexico. There is a demand by both providers and investors for peso-denominated ETFs that provide both U.S. and global exposure.”
For market information on DRs and international equities please view J.P. Morgan’s award-winning web site: www.adr.com. For more information on J.P. Morgan’s DR services please visit: http://www.jpmorgan.com/visit/adr.
PIMCO is a global investment management firm that was founded in Southern California in 1971. As of March 31st 2011, the firm has over $1.282 trillion in asset under management and serves millions of clients around the world. Our clients include state, municipal, union and private sector pension and retirement plans, educational, foundations, endowments, philanthropic and healthcare institutions, individual and investment saving accounts, public sector reserve management and other public entities in North and South America, Europe, the Middle East and Asia. PIMCO has more than 1,748 employees. In addition to its headquarters in Newport Beach, California, the firm has offices in Amsterdam, Hong Kong, London, Munich, New York City, Singapore, Sydney, Tokyo, Toronto and Zurich. PIMCO is company of Allianz S.E., a global insurance conglomerate. For more information, go to www.pimcoetfs.com.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
JPMorgan Chase & Co.
Allie Libby, +1-212-552-0054