NEW YORK (Jun. 18, 2003) — Investors in Mexico now will be able to buy or sell mutual funds linked to the performance of the Dow Jones Industrial Average. Dow Jones Indexes, one of the leading global index providers, issued its first such licenses in Mexico to Santander Serfin, Mexico’s third-largest fund company, and Actinver Fondos de Inversion, Mexico’s largest independent fund company.
“This is an another important step for Dow Jones Indexes to establish the Dow Jones Industrial Average, the flagship index of our global index family, as the leading U.S. equity index underlying investment products globally,” said Ridgely Walters, senior director of client development and sales for Dow Jones Indexes. “These two new mutual funds will allow Mexican investors for the first time in their home market to invest in the world’s most widely recognized barometer of the United States equity market. We expect that these investment tools will attract many retail and institutional investors.”
The mutual funds that are issued on the Dow Jones Industrial Average will be available exclusively in Mexico. It is the first time the Mexican regulatory office has approved investment products based on a non-Mexican equity index. The 30 stocks of the Dow Jones Industrial Average started trading at the Mexican Stock Exchange end of May 2003.