DWS is listing a new Latin America ETF that targets "Pacific Alliance" countries (a new term for us). The Xtrackers MSCI Latin America Pacific Alliance ETF (PACA) will track an index of companies that are from Latin American member states of the Pacific Alliance: Chile, Colombia, Mexico and Peru.
The index is plain vanilla and market cap weighted. But there are diversification rules in place to ensure that no company takes more than 25% of the index and that all issuers with weight above 5% do not collectively take more than 50%.
As of July 31, 2018, the had 141 companies in it, the prospectus said. With a significant percentage comprised of companies from Mexico (53.7%) and Chile (20.6%)
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