.jpg)
ISE ETF Ventures today announced that it has partnered with Tierra Funds and XP Gestão de Recursos to launch the first exchange-traded fund (ETF) that offers exposure to a basket of Latin American real estate investment trusts (REITs) and real estate operating companies (REOCs). The ETF, which tracks the Solactive Latin America Real Estate Index (index ticker: LAREPR), begins trading today on NYSE Arca.
“Tierra Funds and XP Gestão de Recursos both possess a wealth of knowledge about the Latin American real estate market, and we’re pleased to add them to our growing list of venture partners,” said Kris Monaco, Head of ISE ETF Ventures. “The launch of this ETF today demonstrates our commitment to provide investors with diversified access to markets that were previously unavailable in the ETP landscape.”
The index includes all Mexico and Brazil REITs and all major REOCs in Mexico, Brazil, and Chile. It has approximately sixty components focused on office, industrial, commercial retail, and airport real estate, which represent the region’s main property types.
“We are pleased to work with ISE ETF Ventures and launch the first Latin American real estate ETF,” said James Anderson, Partner at Tierra Funds. “This ETF offers opportunities to participate in emerging market growth trends and the steady income that is offered by real estate investments. ISE ETF Ventures has supported many creative ETFs, and the combination of their industry presence with our on-the-ground experience in Latin America makes for an exciting start to our partnership.”
ISE ETF Ventures partners with issuers to create and bring innovative exchange-traded products to market through index creation, index licensing, venture financing, marketing, and sales support. Visit /etf-ventures/index-development/ for more information.
