We advised the International Bank for Reconstruction and Development (IBRD) in the incorporation of the stock exchange fund (ETF) called Peru Soberano Van Eck El Dorado ID ETF. The main objective of this fund is to invest in a portfolio of Sovereign Bonds of the Republic of Peru issued in Soles, and represents the first ETF structured and designed specifically for the country within the framework of the World Bank’s ‘Issuer Driven ETF’ Program. Its launch is the result of a joint effort between the Ministry of Economy and Finance of Peru and the World Bank.
The initial placement of the ETF quotas, made in April, reached an amount of S/ 100.5 million. This stock market fund marks a significant step in the development of the Peruvian financial market, seeking not only to diversify investment options, but also to offer investors a new and accessible alternative to participate in bonds issued by the State.
The PRCP team in charge of this consultancy was made up of our partners Eduardo Vega and Giovanna García, along with our main associate, Rocío Gordillo.
