This is an unprecedented event in the country, since until now ETF CEDEARs were not available locally. “At BYMA we set out to bring these instruments closer to Argentine investors and we work towards this goal. We are proud to have led this milestone for the Capital Markets of our country and to continue adding investment alternatives for the entire society”, explained the President of BYMA, Ernesto Allaria.
This fact begins a first stage that will continue with new additions of this type in the short term.
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 depositary entity in Argentina authorized by the National Securities Commission to receive negotiable securities in collective deposit.
The 9 ETF Cedears that can be negotiated in BYMA
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- SPDR S&P 500 (SPY). It tracks the S&P 500 index and is comprised of a portfolio that represents all 500 stocks in the S&P 500 index. It holds mostly large-cap US stocks.
- Invesco NASDAQ 100 (QQQ). It tracks 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. Holds US small-cap stocks.
- IShares MSCI Emerging Market (EEM). It tracks 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. 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 US energy stocks and invests in companies that develop and produce crude oil and natural gas, provide drilling and other related services.
- SPDR Dow Jones Industrial (DIA). It replicates 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. It invests in large and mid-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’s investment theme.
Source From: Ambito
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