First Trust partners with BCI to market ETFs in Chile

Aug 23rd, 2016 | By | Category: ETF and Index News

Global exchange-traded fund provider First Trust Advisors has announced a strategic partnership with Chile’s third-largest privately owned bank, Banco de Credito e Inversiones (BCI) to market its ETFs in Chile.

First Trust enter strategic partnership to boost ETF presence in Chile

First Trust Advisors has entered a strategic partnership with Banco de Credito e Inversiones (BCI) to market ETFs in Chile.

The move is expected to benefit Chilean investors by expanding their options for simple access to capital markets, while charging lower fees than traditional mutual funds.

First Trust plans to work together with BCI to educate Chilean investors on the potential benefits that ETFs offer.

Codie Sanchez-Baker, Head of Latin America and US Offshore Distribution at First Trust, commented: “We are focused on building a team worthy of the clients we have the privilege of working with in Chile and across Latin America. We think we’ve taken the first step in building that team by collaborating with BCI in an effort to continue providing unique investment solutions and serving our clients in the days and years to come.”

BCI is a wholesale bank and works closely with a wide range of clients, with a specific focus on corporations and institutional clients. The bank maintains regional presences in Peru, Colombia and Mexico, and representation offices in China and Brazil.

First Trust first entered the Chilean market in 2014. The effort was further bolstered with the approval of two equity ETFs by the Chilean pension funds investment risk rating commission, La Comisión Clasificadora de Riesgo (CCR) in 2015 and the approval of an additional six equity ETFs this year.

It offers an extensive suite of ETFs covering a wide variety of themes, including active, alternative, dynamic currency hedged, income, sector & industry, style, global, green and thematic products.

Tags: , , , , ,

Leave a Comment