Fueled by October’s substantial 11.2% upturn in the Ibovespa, Brazilian equity funds were atop the industry’s return rankings, also recording the industry’s highest year‐to‐date returns.
Santander buys back asset management unit, eyes Allfunds sale
November 21, 2016 by
The Spanish bank is clawing back the 50% stake in Santander Asset Management it sold to Warburg Pincus and General Atlantic for EUR 2 billion in 2013. It manages EUR 170 billion in client assets.
BTG Pactual chairman Arida quits; Kalim named to replace him
November 21, 2016 by
Persio Arida, who became BTG's chairman only in December last year, will be replaced by Roberto Kalim, currently BTG Pactual’s co-chief executive officer, according to a securities filing.
SSGA: Current environment favors sectors over style for investment advisors
November 21, 2016 by
“The 'lower for longer' return environment has many investment professionals taking a more precise approach to asset allocation, which favors sectors and industries over style-based investing,” said Nick Good, co-head of the Global SPDR business at State Street Global Advisors
MFS sentiment study: investors confident in active management
November 18, 2016 by
MFS's Carol Geremia notes that a current strong bias toward active management should continue, especially with many investors worried about increased market volatility in coming years.
Lombard International appoints ex-UBS wealth boss as head of Latin America
November 17, 2016 by
Andreas Meier joins Lombard International from UBS Deutschland AG, where he was head of wealth management for Latin America. In this newly created role, he will be based in Luxembourg and will report to Axel Hörger, CEO Europe.
Mexican Mutual Fund Industry Statistics – September 2016
November 16, 2016 by
Excel workbook detailing, over various time periods, mutual fund industry asset growth by sector and managers. Data as of September 30, 2016.
Companies mentioned in this report: Banamex; BBVA Bancomer; Santander; Banorte – Ixe; Inbursa; Actinver; Scotia Inverlat; HSBC; GBM; Nafinsa; Interacciones; Sura; Valmex; Vector; Invex; Value; Principal; Monex; Compass; Intercam; Skandia; Finaccess; Mifel; Multivalores; Valores Afirme; CI Fondos; Franklin Templeton; Ve por Más; American Express; Invercap.
Vanguard adds three ETFs to Mexican offering, bringing total to 65
November 16, 2016 by
"Vanguard is pleased to be able to cross-list additional products on the bolsa to help meet Mexican investors' needs for low-cost and broadly diversified ETFs," said Kathy Bock, head of Vanguard Americas.
UBS, Julius Baer and Pactual ponder Buenos Aires beachhead
November 14, 2016 by
The firms are said to be closely eyeing Argentina's tax amnesty program, which promises to bring back more than USD 15 billion into the country, while bringing billions more out of the shadows.
EFG International taps ex-Citi Latam director to head Americas team
November 14, 2016 by
Marcelo Coscarelli had been managing director for wealthy and HNW clients at Citibank Latin America. From 2008 through 2012, he was COO at Itaú Private Bank International in Miami.
