Brazilian Mutual Fund Manager Net New Investments (NNI) Report – February 2017

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 28, 2017.

Companies mentioned in this report: Banco do Brasil, Itaú Unibanco, Bradesco, Caixa Econômica Federal, Santander Brasil, BTG Pactual, 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.

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Afore Sura disburses USD 200 million to Pioneer for global equities mandate

Part of a previously announced USD 500 million global equities mandate, Sura has already disbursed USD 150 million to Morgan Stanley and the final outlay - to Investec Asset Mgt. - is still pending.

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Natixis: Institutional investors embrace risk in pursuit of better returns and yield

Natixis's David Giunta notes that institutional investors are "balancing risks and embracing alternatives to traditional 60/40 portfolio construction, but always with an eye on their long-term objectives.”

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Brazilian fund industry posts record net inflows in February and year to date

The Brazilian mutual fund industry recorded net inflows of BRL 20.7 billion (USD 6.6 billion) in February, the largest haul for any February on record.

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Actinver Securities opens office in South Florida to tap Latin American market

Veteran wealth manager Rafael Madan, formerly of Espirito Santo Bank and Wells Fargo Advisors, will manage the new office as executive vice president and branch manager. Mexican-owned Actinver already has US offices in Houston and San Antonio.

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UBS names Velez head of Latin America wealth management

The Swiss bank said Velez would take on the role in addition to his current responsibilities as head of global ultra-high net-worth Latin America, effective immediately.

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Santander, Intesa Sanpaolo to sell Allfunds Bank in USD 1.9 billion deal

"Our role as an investor, together with our partner GIC, will be to support the Allfunds team in accelerating growth, both organically and through select M&A," said Zita Saurel, managing director at PE fund Hellman & Friedman.

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Aberdeen to be acquired by Standard Life in USD 4.7 billion stock deal

The deal, which will create a USD 800+ billion asset manager, is the latest move by the active management industry to combat a tide of investors shifting money to low-cost, passive funds.

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CCR Monthly Approval Report – February 2017

Five mutual funds were added to the list of approval products for sale to the AFPs. BNP Paribas led with two mutual funds listed, followed by Pictet, Neuberger Berman and NN IP, each with one new fund approved.

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Credicorp lands ex-AFP equity manager to spearhead distribution of SSGA ETFs

Alberto Menendez had been AFP Provida's head of international equity for more than three years before joining Credicorp to manage State Street ETF distribution to Andean institutions.

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