MSCI Inc. said it will be expanding its presence in Latin America with the opening of a new office in Santiago, Chile and the upcoming launch of a new index designed to capture the investment opportunities in the Pacific Alliance countries of Chile, Colombia, Mexico and Peru.
The firm also announced that it has been chosen by the Santiago Stock Exchange to produce a study on the feasibility of creating an environmental, social, and governance (ESG) index for the Chilean stock market.
Henry Fernandez, chairman and CEO of MSCI, said the expansion in Latin America is driven by “the growing sophistication of the local investment community as they continue to embrace indexes as integral tools within the investment process.”
The Pacific Alliance, created in 2012, aims to integrate free markets in trade, energy and infrastructure, and bolster ties with Asia, a key trading partner. The trade protocol aims to eliminate 92% of the tariffs between the member countries once their respective legislatures ratify the deal. The remaining tariffs would be phased out over time.
The new office will support the Andean region and is the third in Latin America, alongside offices in Mexico and Brazil, expanding MSCI’s presence to 24 countries globally.
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