The Argentina Securities Commission (CNV) authorised the creation of 13 new CEDEAR programmes representing exchange-traded funds (ETFs) whose underlyings are indices listed abroad, using the framework enabled by General Resolution No. 1030. The approved CEDEAR programmes cover a range of index exposures across sectors including biotechnology, real estate, health care and technology, and include products such as iShares Core MSCI Europe ETF, iShares Nasdaq Biotechnology ETF, Vanguard FTSE Developed Markets ETF, iShares S&P 500 Value ETF, iShares S&P 500 Growth ETF and multiple Select Sector SPDR Funds. The programmes specify CEDEAR-to-share ratios (ranging from 9/1 to 46/1) and maximum issuance amounts (ranging from 3,900,000 to 4,150,000 CEDEARs), with examples noting that IEUR tracks a developed Europe equity index and VEA tracks the FTSE Developed All Cap ex US index.
Argentina Securities Commission (CNV) 2025-01-09
Argentina Securities Commission authorizes 13 new CEDEAR programmes linked to foreign index ETFs
The Argentina Securities Commission (CNV) authorized 13 new CEDEAR programmes for ETFs based on indices listed abroad, under General Resolution No. 1030. These programmes cover sectors like biotechnology, real estate, health care, and technology, featuring products like iShares Core MSCI Europe ETF and Vanguard FTSE Developed Markets ETF. CEDEAR-to-share ratios range from 9/1 to 46/1, with issuance limits between 3,900,000 and 4,150,000 CEDEARs.