HANetf lists fixed income ETF on Mexican Exchange

  • HANetf now has 20 ETFs listed in Mexico

July 2022 London

HANetf Europe’s first full services &lsquowhite label’ UCITS ETF issuer is delighted to announce that it has listed Finamex Mexico S&P/BMV International UMS Sovereign Bond 5-10yr UCITS ETF (MEXS) on Bolsa Institucional de Valores (BIVA) bringing the total number of HANetf listed products on Mexican exchanges to 20. [1]

MEXS launched in March and provides exposure to the UMS Mexican Fixed Income Market or Mexican government bonds. These bonds must be denominated in dollars and have a maturity of between 5 and 10 years.

This new fixed income ETF listing marks part of the continued expansion of HANetf into the Latin American market. The UCITS wrapper has become increasingly favoured by Latin American investors due to recognition of its robust regulation and governance structure.

In May HANetf listed four new products on Bolsa Mexicana de Valores (BMV). With 19 products on BMV and MEXS having listed on BIVA HANetf now lists 20 products on Mexican exchanges.

Mexico is well positioned macroeconomically relative to other LATAM countries having one of the lowest debt/GDP ratios and more fiscal space in the region. [2]

Demand is also thought to be increasing for UCITS products in Latin America due to the preferential tax treatment of UCITS compared to alternative wrappers. [3]

Hector McNeil co-CEO and co-Founder of HANetf comments:“We are thrilled to list MEXS on Bolsa Institucional de Valores (BIVA). Latin American investors increasingly want to use the UCITS wrapper when it comes to ETFs. The fixed income ETF listings add to our roughly 20 products currently listed in Mexico a number we hope to continue to see grow.” [4]

Please remember that the value of your investment may go down as well as up and past performance is no indication of future performance. When you trade ETFs your capital is at risk.