Vanguard Group of Valley Forge, Pa., will distribute 32 of its U.S.-registered exchange-traded funds through JPMorgan Chase & Co.'s depositary receipts group for trading on Bolsa Mexicana de Valores, the international segment of the Mexican Stock Exchange.
JPMorgan Chase said Monday that it began offering three of the funds — the Vanguard Mega Cap 300 ETF, the Vanguard Mega Cap 300 Growth ETF, and the Vanguard Mega Cap 300 Value ETF — to the Mexican market Dec. 24. The other 29 will be offered through JPMorgan Chase beginning Feb. 1.
Vanguard's exchange-traded funds are listed on the exchange in Mexican pesos, and trades can be initiated through a local broker.
JPMorgan Chase will service the funds and will disseminate relevant shareholder and corporate actions information in the Mexican market through the Bolsa exchange. Also, a dedicated JPMorgan Chase representative is available in Mexico City to provide local expertise and guidance to investors.
Vanguard had more than $1 trillion of assets under management, including $40 billion in ETFs, as of Dec. 31.