PowerShares Goes To Mexico

by on March 17, 2011

PowerShares, one of the largest players in the U.S. ETF industry, announced this week that it has expanded its geographic coverage through a series of cross-listings in Mexico. Effective March 11, 38 PowerShares ETFs were cross-listed on the international segment of Bolsa Mexicana de Valores (BMV). Previously, another ten PowerShares products were trading in Mexico.

“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.” The cross-listed ETFs trade through Mexican Depository Receipts, and PowerShares appointed local divisions of Deutsche Bank and J.P. Morgan to act as the sponsoring brokers.

Last April, WisdomTree announced that it was cross-listing nine of its ETFs on the BMV, including both equity and currency products.

The new cross-listed PowerShares ETFs include:

Ticker ETF
PGX Preferred Portfolio
PHO Water Resources Portfolio
PCY Emerging Markets Sovereign Debt Portfolio
PRF FTSE RAFI US 1000 Portfolio
PVI VRDO Tax-Free Weekly Portfolio
BAB Build America Bond Portfolio
PZA Insured National Municipal Bond Portfolio
PIN India Portfolio
PBW WilderHill Clean Energy Portfolio
PXH FTSE RAFI Emerging Markets Portfolio
PGJ Golden Dragon Halter USX China Portfolio
PID International Dividend Achievers Portfolio
PHB Fundamental High Yield Corporate Bond Portfolio
PIE DWA Emerging Markets Technical Leaders Portfolio
PRFZ FTSE RAFI US 1500 Small-Mid Portfolio
PWV Dynamic Large Cap Value Portfolio
PIO Global Water Portfolio
PSP Global Listed Private Equity Portfolio
PDP DWA Technical Leaders Portfolio
PLW 1-30 Laddered Treasury Portfolio
PWB Dynamic Large Cap Growth Portfolio
PXF FTSE RAFI Developed Markets ex-U.S. Portfolio
PWC Dynamic Market Portfolio
PBE Dynamic Biotechnology & Genome Portfolio
PFM Dividend Achievers Portfolio
PXR Emerging Markets Infrastructure Portfolio
PXJ Dynamic Oil & Gas Services Portfolio
PCEF CEF Income Composite Portfolio
PEY High Yield Equity Dividend Achievers Portfolio
PBD Global Clean Energy Portfolio
PZD Cleantech Portfolio
PWJ Dynamic Mid Cap Growth Portfolio
PBJ Dynamic Food & Beverage Portfolio
PIZ DWA Developed Markets Technical Leaders Portfolio
PPA Aerospace & Defense Portfolio
PIV S&P 500 High Quality Portfolio
PZI Zacks Micro Cap Portfolio
PMNA MENA Frontier Countries Portfolio

Disclosure: No positions at time of writing.