The issuer of these instruments for the Argentine Capital Market is Caja de Valores, a company belonging to the BYMA Group and the only central depository entity in Argentina authorized by the National Securities Commission to receive negotiable securities in collective deposit.
How do they work? ETFs methodologically invest in a broad portfolio of instruments. These instruments are highly liquid in their home markets, which makes it possible for investors to buy or sell the Cedears at any time during the trading session.
The ETF Cedears will have the participation of Market Makers. This fact begins a first stage that will continue with new additions of this type in the short term.
What are ETFs? The Exchange Traded Fund are investment funds that are listed on the markets. They are made up of a basket of instruments and generally replicate indices or other assets (sectors, regions, currencies, commodities, etc.).
What are the ETF CEDEARs that can be traded on BYMA?
- SPDR S&P 500 (SPY). It replicates the S&P 500 Index and is made up of a portfolio that represents the 500 stocks in the S&P 500 Index. It owns mostly large-cap US stocks.
- Invesco NASDAQ 100 (QQQ). It replicates the Nasdaq 100 index and includes 100 of the largest non-financial companies by market capitalization listed on Nasdaq.
- IShares Trust Russell 2000 (IWM). Replicates the Russell 2000 Index Fund. It holds small-cap US stocks.
- IShares MSCI Emerging Market (EEM). It replicates the performance of the MSCI TR Emerging Markets Index and holds large and mid-cap emerging market stocks.
- The Select Sector Financial (XLF). Represents the performance of The Financial Select Sector Index. It includes financial services companies whose businesses range from investment management to commercial and business banking.
- Cef Select Sector SPDR Energy (XLE). Represents the performance of The Energy Select Sector Index. It includes large-cap energy stocks in the US and invests in companies that develop and produce crude oil and natural gas, provide drilling and other related services.
- SPDR Dow Jones Industrial (DIA). Replica of the Dow Jones Industrial Average index. It holds 30 large-cap US stocks that represent the index.
- IShares MSCI Brazil Cap (EWZ). It seeks to match its investment results with the performance of the MSCI Brazil 25/50 index. Invests in mid- and large-cap companies in Brazil that represent 85% of the Brazilian stock market.
- ARK Innovation (ARKK). The ARKK ETF is actively managed and seeks long-term capital growth by investing in domestic and foreign equity securities of companies that are relevant to the Disruptive Innovation Fund investment theme.
Although the date on which these new instruments will start trading in the Argentine market is not yet confirmed. It could be estimated that in pesos they would have a value in the range of $ 2,000 to $ 9,000, considering the current prices of the ETFs in question and the value of the CCL dollar. And they can be purchased at a stock broker.
Source From: Ambito
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