VanEck, a leader in global investment management, today announced the launch of the Fondo Bursátil VanEck El Dorado Perú ETF (Ticker: ETFPERUD), the firm’s first Peruvian-listed Exchange Traded Fund and in further expansion of VanEck’s strong presence in the Latin American marketplace.

“Peru has a vibrant and fast-growing public equity market, but to this point gaining access to the largest and most liquid stocks in-market via a single point of entry has not been possible,” said Eduardo Escario, Director, International ETF Sales with VanEck. “This was despite the fact that Peru and many other countries in Latin America have pension funds and other large institutions that could benefit from a vehicle such as this. With the launch of ETFPERUD, we’re very pleased to be capturing such an important and emerging market while simultaneously solving a significant issue for investors.”

ETFPERUD trades on the Lima Stock Exchange (BVL) and was launched in partnership with El Dorado Asset Management, a Peruvian asset manager focused on institutional investors that provides innovative products and exposures.

“Partnering with an experienced local manager was an important facet of our product development efforts as we set about to bring ETFPERUD to market,” continued Eduardo Escario. “We’re very excited to be working with them on this initiative and in supporting them as we bring our experience in the ETF industry to Peru for the first time.”

“The number of Latin American investors is positioned to grow significantly over the next decade, and providing them with important tools so they can invest in their own markets and those of neighboring countries is an important initiative for us and a key means through which additional liquidity can be introduced to these markets themselves,” added Escario.

El Dorado Asset Management CEO, Melvin Escudero, remarked: “we’re very happy with this partnership with VanEck that will bring to the Latam markets and investors a new ETF with top quality in operations and investments management backed by a leading global ETF manager in emerging markets and commodities. The opportunity of Peru, a mining country (very relevant in the production of gold, silver and copper) that is one of the fastest growing countries in the emerging markets, looks very attractive specially with the actual positive new commodities up trending cycle. Additionally, the ETF market in Latam has a huge potencial for growth and looks like Asian markets 15 years ago with young population, fast growing economies and increasing incoming flows of global investors.”

ETFPERUD seeks to track, before fees and expenses, the price and yield performance of the S&P/BVL Peru Select 20% Capped Index (Ticker: SPBLSCUT), an Index designed to measure the performance of the largest, most-liquid companies trading on the Lima Stock Exchange, with a 20% cap on individual stock weights. The Index uses a capped market cap weighting, with a 20% stock cap at rebalancing to reduce concentration and improve diversification. The Index is rebalanced annually.

Perú joins a growing list of markets where VanEck is building a significant presence and product lineup for investors, which also includes the firm’s offices and fund lineups in Europe, Australia, Singapore, and China.

About VanEck
VanEck has a history of looking beyond the financial markets to identify trends that are likely to create impactful investment opportunities. We were one of the first U.S. asset managers to offer investors access to international markets. This set the tone for the firm’s drive to identify asset classes and trends – including gold investing in 1968, emerging markets in 1993, and exchange traded funds in 2006 – that subsequently shaped the investment management industry.

Today, VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes. As of February 28, 2021, VanEck managed approximately $69.1 billion in assets, including mutual funds, ETFs and institutional accounts. The firm’s capabilities range from core investment opportunities to more specialized exposures to enhance portfolio diversification. Our actively managed strategies are fueled by in-depth, bottom-up research and security selection from portfolio managers with direct experience in the sectors and regions in which they invest. Investability, liquidity, diversity, and transparency are key to the experienced decision-making around market and index selection underlying VanEck’s passive strategies.

Since our founding in 1955, putting our clients’ interests first, in all market environments, has been at the heart of the firm’s mission.

Important Disclosures
An investor should carefully consider the investment objective, risks, charges and expenses of the Fund before investing. Find out about the essential characteristics of investing in the VanEck El Dorado Peru ETF, which are contained in the simplified prospectus and participation regulations.

The supervision of the SMV does not imply that it recommends or guarantees the investment made in a mutual fund.

Investing in the VanEck El Dorado Peru ETF may be subject to risks including, but not limited to, issuer risk, counterparty risk, equity risk, external manager risk, currency risk, concentration risk, currency concentration risk, authorized participants risk, custody risk, Latin American economic risk, US economic risk, risk of tracking error, passive strategy risk, structural risk, risk of excess investment or prohibited investments, risk of exposure to commodities, management risk, geographic risk, market risk, emerging market risk, trading risk, operational risk, country risk, premium or discount risk, sector risk, reinvestment risk, index-related risk, license-to-use the index risk, liquidity risk, security risk, cybersecurity risk, tax risk, universe of companies risk, equity risk, valuation risk, pandemic risk. The assets of the Fund may be concentrated in a certain sector.

The S & P / BVL Peru Select 20% Capped Index (USD) TR index was developed directly by S&P Dow Jones and the BVL, and both its definition and the methodology for its calculation depend on S&P Dow Jones and the BVL and are contained in S&P / BVL Peru Indices Methodology. Any aspect, feature, or methodology related to the index is subject to discretionary modification and / or reform by S&P Dow Jones and the BVL.

Neither the fund, the management company, nor the external manager or the members of the investment committee are responsible for the management, calculation, publication, maintenance, accuracy, integrity, failures or errors in the composition or calculation of the index, nor the information used to calculate the index or determine its components.

The performance or profit obtained in the past does not guarantee future results. The performance does not include the effect of subscription and redemption commissions, nor income tax.

Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.

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