New York, April 12, 2012 – J.P. Morgan announced today that it has been appointed by PIMCO (Pacific Investment Management Company LLC), a leading global investment management firm, to offer two of its U.S.-registered Exchange Traded Funds (ETFs) on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV). The two ETFs are in addition to the existing five PIMCO ETFs previously sponsored by J.P. Morgan on the same exchange.
The new PIMCO ETFs, PIMCO 0-5 Year High Yield Corporate Bond Index Fund (HYS) and PIMCO 25+ Year Zero Coupon U.S. Treasury Index Fund (ZROZ), are listed on the BMV in pesos and trades can be initiated through a local broker.
J.P. Morgan’s Depositary Receipts (DR) Group services the ETFs and handles all corporate actions. J.P. Morgan disseminates relevant shareholder and corporate actions information in the Mexican market via BMV. Additionally, a dedicated J.P. Morgan representative is available in Mexico City to provide local expertise to investors.
“The ETF vehicle can help broaden investor access to PIMCO,” said Alec Kersman, Head of PIMCO’s Latin America and The Caribbean business. “We look forward to working with J.P. Morgan to expand the availability of our ETFs to Mexican institutional and qualified investors.”
Joseph Dooley, DR Executive for the Americas at J.P. Morgan, said: “We are delighted about the opportunity to expand our relationship with PIMCO, as there is an ongoing demand from both providers and investors for peso-denominated ETFs that provide U.S. and global exposure.”
For market information on DRs and international equities please view J.P. Morgan’s award-winning web site: www.adr.com. For more information on J.P. Morgan’s DR services please visit: http://www.jpmorgan.com/visit/adr.
About PIMCO
PIMCO is a global investment management firm that was founded in Southern California in 1971. As of December 31st 2011, the firm has over $1.35 trillion in assets under management and serves millions of clients around the world. Our clients include state, municipal, union and private sector pension and retirement plans, educational, foundations, endowments, philanthropic and healthcare institutions, individual and investment saving accounts, public sector reserve management and other public entities in North and South America, Europe, the Middle East and Asia. PIMCO has more than 2,000 employees. In addition to its headquarters in Newport Beach, California, the firm has offices in Amsterdam, Hong Kong, London, Munich, New York City, Singapore, Sydney, Tokyo, Toronto and Zurich. PIMCO is company of Allianz S.E., a global insurance conglomerate. For more information, go to www.pimcoetfs.com
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About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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