Archives for June 2022

Brazilian Mutual Fund Manager Net New Investments (NNI) Report – May 2022

Excel workbook detailing net new investments (NNI) of all locally registered Brazilian mutual managers. Includes monthly and year to date NNI data, 30-day % change, month-end assets and market share by managers. Data as of May 31, 2022.

Companies mentioned in this report: Banco do Brasil, Itaú Unibanco, Bradesco, Caixa, Santander Brasil, BRL, BTG Pactual,  XP, BW, Credit Suisse, Safra, Opportunity, Funcef, Oliveira Trust, Reag, BNP Paribas, Kinea, Banco Brascan – Brookfield, Verde, Sicredi, Fundacao Cesp, Pátria, Legg Mason, SPX, Votorantim, Vinci Partners, Plural, BNY Mellon, Icatu, Julius Baer, Petros, and others.

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Brazilian Mutual Fund Managers Industry Statistics – May 2022

Excel workbook detailing, over various time periods, mutual fund industry asset growth by managers. Data as of May 31, 2022.

Companies mentioned in this report: Banco do Brasil, Itaú Unibanco, Bradesco, Caixa, Santander Brasil, BRL, BTG Pactual, XP, BW, Credit Suisse, Safra, Opportunity, Funcef, Oliveira Trust, Reag, BNP Paribas, Kinea, Banco Brascan – Brookfield, Verde, Sicredi, Fundacao Cesp, Pátria, Legg Mason, SPX, Votorantim, Vinci Partners, Plural, BNY Mellon, Icatu, Julius Baer, Petros, etc.

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SURA starts offshore operations with new office in Miami

Inversiones SURA’s new office in Miami plans to serve thousands of clients from all over Latin America, said Pablo Matte Ross.

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Shrinking AFP industry and local instability boost Chile’s offshore business

"Our clients want to maintain a balance between local and international investments," said Compass's Juan Cristóbal Figueroa.

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Chilean fund industry satisfied with boosted regulation on investment advisors

The objective, according to Mónica Cavallini, is for advice to be given with greater transparency and in accordance with financial-market standards.

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Franklin Templeton to acquire Alcentra from BNY Mellon

Franklin's alternative credit specialist, Benefit Street Partners, will expand its capabilities and presence in Europe, doubling its assets under management to USD 77 billion globally.

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Brazilian funds with cross-border strategies hit with USD 3.8b in 1Q withdrawals

“This move was expected and totally understandable," says Frederico Monteiro, head of offshore fund management at BB DTVM.

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Peruvian AFPs given roadmap to scale back alternatives exposure

With the AFPs overexposed to these illiquid vehicles, the SBS issued guidance on how reduce positions while limiting the impact on returns and the market.

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Fifth withdrawal fails, clearing path for deeper pension reforms

Separately, the government presented a constitutional reform to protect individuals' accumulated pension assets against expropriation.

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Morgan Stanley adds to Latin American and US Offshore sales team

Denise Casellas and Jennifer Romero will be responsible for relationship management in Mexico and other markets, focusing on both institutional and intermediary channels.

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