Sherpa Capital, an independent investment advisor in Mexico with 50 billion pesos (equivalent to more than 2.6 billion dollars) in assets under management, has launched a Mexican equity multi factor ETF.
The QVGMEX, which trades on the Mexican Stock Exchange tracks the S&P / BMV Quality, Value and Growth Index.
Richard Ramirez-Webster, CIO of Sherpa Capital comments: "We are very proud to be part of this launch and be able to offer in the market an additional and complementary alternative to other ETFs that invest in the Mexican stock market and that are based on more general indices. The QVGMEX tracks a multi-factor index that seeks to invest in a selection of Mexican companies belonging to the IPC that stand out for being the best in QUALITY, VALUE and GROWTH and which seeks to generate more attractive long-term returns term that the Mexican stock market measured by the S&P / BMV IPC ".
With the QVGMEX, the firm that advises and manages resources of institutional, corporate, HNWI and family clients, seeks to invest in shares that are part of the S&P / BMV IPC allocating them with the highest combination of quality, value and growth factors. The S&P / BMV Quality, Value and Growth Index follows a unique fundamental approach and is the first index in Latin America that combines these three factors for the selection of stocks. "The QVGMEX offers an innovative perspective seeking to be a vehicle that helps in the diversification of investors' portfolios," concludes Sherpa Capital.
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