- DLRTRAC and PSOTRAC are options to mitigate the exchange rate risk
- With these two new instruments, the Share-Referenced Certificates (TRAC´s) family in the BMV add up to 26 investment options
Today, Quanta Shares by Intercam, S.A. de C.V. completed the listing of two Share-Referenced Certificates ("TRAC") on the Mexican Stock Exchange ("BMV") through Actinver Casa de Bolsa, S.A. de C.V., Grupo Financiero Actinver, Fiduciary Division, in the capacity of fiduciary of the issuing trust.
The DLRTRAC will replicate the BMV MXP-USD index that reflects the Peso/Dollar exchange rate quotation in Pesos for each Dollar.
Moreover, the PSOTRAC replicates the BMV USD-MXP index reflecting the Dollar/Peso exchange rate quotation in Dollars for each Peso.
Both indexes have been taken as underlying for the construction of the Share- Referenced Certificates ("TRAC") to faithfully reflect the behavior of the SPOT exchange rate quotations. These indexes are calculated by the Mexican Stock Exchange ("BMV") and have the main purpose of being constituted as a representative indicator of the SPOT quotation of the US Dollar.
These Share-Referenced Certificates ("TRAC") can be used by portfolio managers, among other strategies, to hedge payments in US Dollars to mitigate exchange rate risks. Among possible investors, we find pensions funds, insurance companies, private banks, managers and investors.
The main benefits from participating in these two new Share-Referenced Certificates ("TRAC") are transparency, diversification, flexibility, lower costs and liquidity.
The Lead Broker of the Share-Referenced Certificates ("TRAC") was Intercam Casa de Bolsa, S.A. de C.V., Intercam Grupo Financiero.
