Chi-X adds Zoom, Walmart and Mastercard TraCRs
Chi-X Australia has launched five more transferable custody receipts (TraCRs) for US companies that harness some of the investment themes presented by the COVID-19 pandemic.
The five new TraCRs are Zoom (TCXZOM), Mastercard (TCXMAC), Walmart (TCXWMT), 3M (TCXMMM), and Gilead Sciences (TCXGIL).
“COVID-19 has changed the way we live and work, so it is only natural that it is also informing the way Australians invest and the types of stocks they want,” Chi-X Australia chief executive Vic Jokovic said.
“Our latest tranche of TraCRs allow Australian investors to gain single-stock exposure to the US companies that are at the forefront of shaping our ‘new normal’ environment."
Chi-X now has 35 TraCRs for major global companies listed on its exchange.