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.
How do they work? ETFs methodologically invest in a broad portfolio of instruments. These instruments are highly liquid in their home markets, making it possible for investors to buy or sell 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? Exchange Traded Funds are investment funds 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 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.
It could be estimated that in pesos they would have a value in the range of between $2,000 and $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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