The first exchange traded fund (ETF) of Peru listed in the New York Stock Exchange (NYSE) could rise up to U.S. $ 600 million at the end of the first year of operations, the Association of Pension Fund Administrators (AAFP) said Tuesday.
"According to some analysts, ETF Peru could rise up to 500 or 600 million dollars in a relatively short period, in about a year, and we believe that the international market’s response is very positive," said AAFP President Pedro Flecha.
Flecha explained that EPU is a fund formed by the workers’ contributions to be listed on the NYSE, which will allow having greater diversification and stability of the provident funds to benefit the thousands of pension fund affiliates in Peru.
"To create the EPU, the Pension Fund Administrators (AFPs) have marketed shares of Peruvian companies where the employers’ funds are placed," explained.
On June 22, NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, began trading the MSCI All Peru Capped ETF, sponsored by Barclays Global Investors, under the ticker symbol “EPU”.
The Fund states that it seeks, before fees and expenses, investment results that correspond generally to the price and yield performance of the MSCI All Peru Index, which is a free float-adjusted market capitalization index designed to measure the performance of the "Broad Peru Equity Universe." (Andina)
"According to some analysts, ETF Peru could rise up to 500 or 600 million dollars in a relatively short period, in about a year, and we believe that the international market’s response is very positive," said AAFP President Pedro Flecha.
Flecha explained that EPU is a fund formed by the workers’ contributions to be listed on the NYSE, which will allow having greater diversification and stability of the provident funds to benefit the thousands of pension fund affiliates in Peru.
"To create the EPU, the Pension Fund Administrators (AFPs) have marketed shares of Peruvian companies where the employers’ funds are placed," explained.
On June 22, NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, began trading the MSCI All Peru Capped ETF, sponsored by Barclays Global Investors, under the ticker symbol “EPU”.
The Fund states that it seeks, before fees and expenses, investment results that correspond generally to the price and yield performance of the MSCI All Peru Index, which is a free float-adjusted market capitalization index designed to measure the performance of the "Broad Peru Equity Universe." (Andina)
