Archives for April 2013

Axel Christensen named Chief Investment Strategist for BlackRock in Latin America and Iberia

He will provide asset allocation advice and customized BlackRock model portfolios to better meet the needs of clients throughout the region.

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BBVA Bancomer and Franklin Templeton join forces in an emerging equity fund

The product is for clients in private asset management, operated by BBVA Bancomer. Franklin Templeton will act as advisor on portfolio management. The target is to reach USD100 million in assets.

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BBVA sells peruvian pension unit

The bank is selling for USD516 million its pension unit in Peru to two separate pension firms, one controlled by Colombian financial conglomerate Grupo Sura and the other by Canada's Bank of Nova Scotia.

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Heyman y Asociados joins forces with Franklin Templeton in Mexico

The Heyman team will provide investment management services through Franklin Templeton Servicios de Asesoría Mexico, a new institutional investment management subsidiary, of which Timothy Heyman will become CEO.

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Previ plans BRL 300 million to invest in shares of foreign companies

Rene Sanda, Chief Investment Officer, of Brazil's biggest pension, said the decision followed conversations with other other major pension funds, which agreed on the need to invest abroad.

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Industry looks for increased liquidity for closed-end investment funds

The new legislation should include authorization to repurchase up to 10% of their own shares annually, Enrique Ovalle, general secretary of Acafi, says.

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Sura to distribute 66 BlackRock funds to non-institutional clients

The partnership will strengthen its open architecture model for fund sales. The U.S. firm is also pinning its hopes on potential growth in the retail segment.

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Bice Inversiones launches international fund with tax break

The Bice EE.UU mutual fund will trade on the stock exchange giving participants tax-free gains.

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CNBV plans to facilitate creation of investment funds

Andrés Rodríguez, deputy director general of the Investment Management Department of the CNBV, said the corporate structure under which an investment fund is set up could be adapted.

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Consar: flexibility is key to achieving the objective of better pensions

Sergio Rodríguez, director general of Financial Planning and Economic Studies of the regulator, says his agency is planning to extend the 20% limit on foreign securities, and that flexibility is the key to long-term thinking on the system.

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