The CHILE 65 index of the Chilean Electronic Stock Exchange (BEC), the first all-Chilean ETF, started trading in the local market last week by initiative of IM Trust S.A.
The CHILE 65 index of the Chilean Electronic Stock Exchange (BEC) is the first all-Chilean ETF. It started trading in the local market last week by initiative of IM Trust, according to reports from the BEC.
Reflecting the performance of the 65 largest cap stocks in the local market, the CHILE 65 index (created in 2004) is the most representative of its family of market indexes, which includes Adrián, CHILE LARGE CAP and CHILE SMALL CAP.
IM Trust Administradora General de Fondos applied to its owner, the BEC, for authorization to use the index. Subsequently, it was registered with the Securities and Insurance Supervisor (SVS). The fund's shares will be listed on the Chilean Electronic Stock Exchange and may also be traded in other stock markets in the country. These indicators are built according to an advanced design in the largest global markets.