The acquisition will create a combined group with USD 2.5 trillion of assets under management.

This would be the fourth initiative currently under evaluation or in the planning stages by their respective sponsors.

Executives from Investo, HMC Capital and Franklin Templeton highlight growing institutional demand for international ETFs and active funds, driven by portfolio rebalancing, currency dynamics, geopolitical risks and the search for diversification and resilience in 2026.

In general terms, these management fees may not be charged when the investment vehicles offered have more than 10% of their assets invested in instruments that AFPs could invest in directly with relative ease.

The introduction of an outcome-oriented private markets SMA reflects a broader industry shift from products to portfolio solutions, with meaningful implications for wealth platforms.