Tracking the Activities of Global Asset Managers in Latin America
Excel workbook detailing, over various time periods, mutual fund industry asset growth by sector and managers. Data as of March 31, 2023.
Companies mentioned in this report: BBVA, BlackRock, Santander, Banorte – Ixe, Actinver, Scotia, HSBC, Inbursa, GBM, Sura IM, Valmex, Vector, Nafinsa, Principal, Franklin Templeton, Invex, Monex, Skandia, Finaccess, Compass Group, Intercam, Multivalores, Value, CI Fondos, Azimut, BNP Paribas, Mifel, Valores Afirme, Axa, BTG Pactual.
Over the 12 months ending in April 2023, investors pulled BRL 71 billion out of the mutual fund industry.
Barros will manage local and international fixed income for the Chilean asset manager.
Sales of international assets totaled USD 1 billion in the month, mostly affecting money-market funds.
Active funds fared much worse in the month, with the exception of money-market funds. High-yield products were hit hardest.
American Century led with three ETFs registered in the month, while Robeco, with one mutual fund, completed the list.
Among ANBIMA asset classes, only FIDCs (credit receivables investment funds) and FIPs (private-equity funds) had inflows in the three months.
Pension funds took advantage of market rises at the beginning of the year to reduce their investments in international equity and bond funds, parking liquidity in money-market funds.
Chilean AFP pension managers started the year with a hefty increase in their international exposure. Bond funds attracted the largest net flows.
The balanced/mixed, fixed-income and equities classes accounted for the lion’s share in net selling for the month.
