Since its inception in 1978, the S&P/BMV IPC has served as Mexico’s flagship equity index, tracking the performance of the 35 largest and most liquid stocks listed on the Bolsa Mexicana de Valores (BMV). Over the decades, the index has become a cornerstone of the Mexican financial market, and the ecosystem surrounding it has grown substantially. Today, there are more than USD 9 billion in assets benchmarked or tracking the index, including Latin America’s largest locally listed ETF, which manages over USD 4.5 billion in assets.¹

(Click on image to enlarge)

An Expanding Ecosystem of Indices

The S&P/BMV IPC has not only served as a benchmark but also as the foundation for a wide range of derived indices. These indices cater to diverse investment strategies and preferences, enabling market participants to track Mexican equities in more targeted and innovative ways.

(Click on image to enlarge)

Global Accessibility and Market Integration

The S&P/BMV IPC is the most liquid and representative equity index in Mexico, making it a natural candidate for derivatives trading. Historically, futures and options linked to the index have been listed on MexDer, providing market participants with tools for hedging and exposure to Mexican equities.

The recent launch of e-mini S&P/BMV IPC futures on CME represents an expansion of this ecosystem, providing market participants with more options for access to the Mexican equity market. This milestone reflects the continued evolution of the S&P/BMV IPC ecosystem, which has been built over the years through robust infrastructure, regulatory alignment and market education.

Now, investors around the world can access the Mexican equity market nearly 24 hours a day, which may support:

• Real-time risk management across time zones;
• Capital allocation across regions and asset classes; and
• Using margining frameworks that apply across multiple equity index products.

Moreover, the availability of these futures is expected to enhance cross-market participation and improve price discovery, ultimately contributing to greater liquidity in the Mexican equity market.

(Click on image to enlarge)

Unlocking New Opportunities

With the global availability of futures, market participants around the world have new tools to:

• Hedge Mexican equity exposure;
• Express tactical views on Mexico within global portfolios; and
• Access one of the largest emerging equity markets.

As the S&P/BMV IPC ecosystem continues to evolve, these developments represent more than just new products—they symbolize a gateway to deeper liquidity, broader participation and greater integration of Mexico into the global investment landscape.

1. Data from Morningstar as of Aug. 29, 2025.

More By This Author:

Navigating Brazil’s Currency Volatility With USD Credit
Canada’s Materials Sector Strikes Gold
Beyond Mega Caps: Exploring The S&P 500 Ex-S&P 100 Select Index