S&P Dow Jones Indices and the Santiago Stock Exchange organized the first ETF Andean Masterclass, and DCV participated as lecturer in the section “MILA’s perspective on whether the Pacific Alliance is ready to join the ETF revolution”.

Javier Jara, Business and Legal Affairs Manager, represented DCV, mentioning important reflections on MILA’s role. Jara highlighted that “when the project began, it was an initiative of the private sector, but as the years went by, and in light of the contribution and need to include governments, MILA is currently a topic in the  agenda of the countries, and it is a fixed part of the themes of the Pacific Alliance, which certainly provides it with a different relevance and continuity”.

More than 120 people attended the masterclass, which also addressed matters such as  “the change in the Chilean pensions system”, “The next generation of equities in Latin America”, among others.

ETFs are one of world’s fastest growing instruments, and they have demonstrated an important contribution in the development of emerging markets. In this context, how is MILA prepared for the ETF? “Today, due to the ongoing work of the Santiago Stock Exchange, of DCV and of the government, AFPs can invest in MILA. This certainly opens a relevant market”, stated Jara, who then mentioned “MILA is prepared and rather anxious to receive greater volumes. There is constant work to improve infrastructure, and in that sense, the scenario for the investment in ETF to materialize is very good, consistent with the global trend to increase the investment in this type of instruments”.

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