The cross-listed ETFs will be listed on the Bolsa Mexicana de Valores in pesos and trades can be initiated through a local broker. J.P. Morgan's Depositary Receipts Group will service the ETFs, handle all corporate actions and disseminate relevant shareholder information. Additionally, a dedicated J.P. Morgan representative is available in Mexico City to provide local expertise and guidance to investors.

William Kirst, Depositary Receipts Executive for Latin America at J.P. Morgan, elaborated: "We are well-positioned to offer this product in Mexico as evidenced by our long-standing commitment to its equity market. J.P. Morgan has been doing business in the region for over 100 years; our Depositary Receipts Group executed the first Latin American Depositary Receipt in 1960 [Teléfonos de México]."

J.P. Morgan created the first-ever Depositary Receipt in 1927 for Selfridges. Today, the overall market comprises more than 1,800 companies from over 75 countries which sponsor over 2,200 programmes in the form of American Depositary Receipts (ADRs) or Global Depositary Receipts (GDRs).