Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs) with more than $61 billion in franchise assets, announced a major plan for expanding its geographic coverage through a series of cross-listings in Mexico. Effective March 11, 2011, 38 PowerShares ETFs have been cross-listed on the international segment of Bolsa Mexicana de Valores (BMV), adding to 10 existing products that were trading in Mexico before these new cross-listings. ….…
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“We are very excited to be expanding the range of ETF solutions available to institutional investors in Mexico,” said Ben Fulton, Invesco PowerShares managing director of global ETFs. “We believe there will be strong demand from investors for our innovative family of peso-denominated ETFs that provide efficient access to a wide selection of global opportunities.”
“With the addition of these new cross-listings, Invesco PowerShares in now the second largest provider of ETFs in Mexico by number of funds,” added Bryon Lake, senior product manager at Invesco PowerShares. “We look forward to working closely with our sponsoring brokers to provide ongoing education and support for this important initiative.”
Invesco PowerShares appointed local divisions of Deutsche Bank and J.P. Morgan as sponsoring brokers to cross-list the ETFs on the BMV. The ETFs trade through Mexican Depository Receipts denominated in pesos and the sponsoring brokers service all corporate actions including disseminating shareholder information in the Mexican market. Additionally, the sponsoring brokers have dedicated representatives available in Mexico to provide local expertise and guidance to investors. A list of the newly cross-listedETF portfolios follows.
Ticker Name
PGX PowerShares Preferred Portfolio
PHO PowerShares Water Resources Portfolio
PCY PowerShares Emerging Markets Sovereign Debt Portfolio
PRF PowerShares FTSE RAFI US 1000 Portfolio
PVI PowerShares VRDO Tax-Free Weekly Portfolio
BAB PowerShares Build America Bond Portfolio
PZA PowerShares Insured National Municipal Bond Portfolio
PIN PowerShares India Portfolio
PBW PowerShares WilderHill Clean Energy Portfolio
PXH PowerShares FTSE RAFI Emerging Markets Portfolio
PGJ PowerShares Golden Dragon Halter USX China Portfolio
PID PowerShares International Dividend Achievers Portfolio
PHB PowerShares Fundamental High Yield Corporate Bond Portfolio
PIE PowerShares DWA Emerging Markets Technical Leaders Portfolio
PRFZ PowerShares FTSE RAFI US 1500 Small-Mid Portfolio
PWV PowerShares Dynamic Large Cap Value Portfolio
PIO PowerShares Global Water Portfolio
PSP PowerShares Global Listed Private Equity Portfolio
PDP PowerShares DWA Technical Leaders Portfolio
PLW PowerShares 1-30 Laddered Treasury Portfolio
PWB PowerShares Dynamic Large Cap Growth Portfolio
PXF PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio
PWC PowerShares Dynamic Market Portfolio
PBE PowerShares Dynamic Biotechnology & Genome Portfolio
PFM PowerShares Dividend Achievers Portfolio
PXR PowerShares Emerging Markets Infrastructure Portfolio
PXJ PowerShares Dynamic Oil & Gas Services Portfolio
PCEF PowerShares CEF Income Composite Portfolio
PEY PowerShares High Yield Equity Dividend Achievers Portfolio
PBD PowerShares Global Clean Energy Portfolio
PZD PowerShares Cleantech Portfolio
PWJ PowerShares Dynamic Mid Cap Growth Portfolio
PBJ PowerShares Dynamic Food & Beverage Portfolio
PIZ PowerShares DWA Developed Markets Technical Leaders Portfolio
PPA PowerShares Aerospace & Defense Portfolio
PIV PowerShares S&P 500 High Quality Portfolio
PZI PowerShares Zacks Micro Cap Portfolio
PMNA PowerShares MENA Frontier Countries Portfolio
Source: ETFWorld – Invesco PowerShares Capital Management LLC
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