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VanEck Expands Its Global Product Lineup With Launch of New ETF in Peru
March 12, 2021 GMT
NEW YORK--(BUSINESS WIRE)--Mar 12, 2021--
VanEck, a leader in global investment management, today announced the launch of the Fondo Bursátil VanEck El Dorado Perú ETF (Ticker: ETFPERUD), the firm’s first Peruvian-listed Exchange Traded Fund and in further expansion of VanEck’s strong presence in the Latin American marketplace.
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“Peru has a vibrant and fast-growing public equity market, but to this point gaining access to the largest and most liquid stocks in-market via a single point of entry has not been possible,” said Eduardo Escario, Director, International ETF Sales with VanEck. “This was despite the fact that Peru and many other countries in Latin America have pension funds and other large institutions that could benefit from a vehicle such as this. With the launch of ETFPERUD, we’re very pleased to be capturing such an important and emerging market while simultaneously solving a significant issue for investors.”