With these three mandates, the country's largest Afore plans to increase its international investments up to 9% of its total assets under management - just over USD 3.2 billion out of a total of USD 36.4 billion managed, said Ignacio Saldaña, investment director.
Archives for March 2016
Afore XXI Banorte lines up three more mandates, including Asian equities and commodities
March 30, 2016 by
Brazil’s SulAmérica ups institutional cross-border offering with new feeder
March 30, 2016 by
SulAmérica's team visited more than 20 global managers in a qualitative and quantitative process that culminated in the choice of ABS Investment Mgt., a specialist in global equity long/short products, said Marcelo Mello, CEO at SulAmerica Investimentos.
Colombian AFPs redeemed positions in December in face of global equity downturn
March 30, 2016 by
A double-whammy of poor performance and redemptions by Colombian AFPs from positions in North America, Europe, Japan and emerging markets left global sponsors reeling in the final month of 2015.
CCR Monthly Approval Report – March 2016
March 30, 2016 by
While iShares led with five ETFs registered in the month, four of them currency hedged products, Edmond de Rothschild (3), Legg Mason (2), Credit Suisse (2), Investec (1), Julius Baer (1) and Lazard (1) won approval for their mutual funds.
State Street buys GE Asset Management to push into alternatives
March 30, 2016 by
The USD 485 million deal “will bring new alternatives capabilities in direct private equity and real estate,” said Ron O’Hanley, who heads State Street’s asset management unit.
Mobius steps aside as head of Templeton Emerging Markets Group
March 30, 2016 by
Mark Mobius is to hand over the day-to-day management of Templeton Emerging Markets Group, as the company’s US-based parent, Franklin Templeton, brings under one umbrella its emerging markets divisions.
Santander Brasil eyes Citigroup’s banking branches to grow wealthy clientele
March 30, 2016 by
Santander Brasil, the local unit of Spain's Banco Santander SA, wants to grow banking and other financial services for high net-worth clients, senior vice president Conrado Engel said at an event with investors in Rio de Janeiro.
Report: Wealthy Latin Americans could use a lot more help on the advice side
March 30, 2016 by
Advisors could do much more to help wealthy Latin Americans understand more about cross-border funds and foreign exchange risk, according to a Morgan Stanley study. The report sees an opportunity for entrepreneurial advisors willing to service this market.
Brazilian Mutual Fund Manager Net New Investments (NNI) Report – February 2016
March 28, 2016 by
Excel workbook detailing net new investments (NNI) of all locally registered Brazilian mutual managers. Includes monthly NNI data, 30-day % change, month-end assets and market share by managers. Data as of February 29, 2016.
Companies mentioned in this report: Banco do Brasil, Itaú Unibanco, Bradesco, Caixa Econômica Federal, Santander Brasil, BTG Pactual, HSBC, Credit Suisse, J Safra Asset Mgt., Votorantim, Legg Mason, BNY Mellon Asset Mgt., Funcef, JP Morgan, BNP Paribas, Fundacao Cesp, Citigroup, Vinci Partners, Opportunity, Sul America Investimentos, Intrag, BRL Trust, Quantitas, Real Grandeza, Morgan Stanley, BW, GPS - CFO, JGP, Icatu, SPX, Gávea, Fundacao Sistel, Porto Seguro, Pátria, Pessoas fisicas Fundacao, Integral Investimentos, GAP Prudential, Banrisul, Plural Capital, Vale do Rio Doce Fundacao, Fapes Fundacao, Mapfre, Riviera, Oliveira Trust, Alfa, Brasilprev Seguros, Pragma, BNB, Dynamo, Kinea, and others.
Brazilian Mutual Fund Managers Industry Statistics – February 2016
March 28, 2016 by
Excel workbook detailing, over various time periods, mutual fund industry asset growth by managers. Data as of February 29, 2016.
Companies mentioned in this report: Banco do Brasil, Itaú Unibanco, Bradesco, Caixa Econômica Federal, Santander Brasil, BTG Pactual, HSBC, Credit Suisse, J Safra Asset Mgt., Votorantim, Legg Mason, BNY Mellon Asset Mgt., Funcef, JP Morgan, BNP Paribas, Fundacao Cesp, Citigroup, Vinci Partners, Opportunity, Sul America Investimentos, Intrag, BRL Trust, Quantitas, Real Grandeza, Morgan Stanley, BW, GPS - CFO, JGP, Icatu, SPX, Gávea, Fundacao Sistel, Porto Seguro, Pátria, Pessoas fisicas Fundacao, Integral Investimentos, GAP Prudential, Banrisul, Plural Capital, Vale do Rio Doce Fundacao, Fapes Fundacao, Mapfre, Riviera, Oliveira Trust, Alfa, Brasilprev Seguros, Pragma, BNB, Dynamo, Kinea, and others.
