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 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 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.
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.
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.
Colombian AFP Colfondos has named Andrés Lozano as its new chief investment officer, replacing Mateo Ossa.
In commenting on the appointment of Peruvian-owned Credicorp Capital as its Andean distributor, SSGA's Nick Good said, “Latin America is a strategically important market to the SPDR business."
InvestaBank would gain control of Deutsche's lucrative depository-receipt business in Mexico, which has profited from sales of foreign securities (including ETFs) on the Mexican Stock Exchange.
Matias Eliaschev, former MBA Lazard Managing Partner, has been named CEO, Lazard Latin America ex Brazil and Mexico investment banking, effective immediately.
While iShares led with 14 ETFs registered in the month, Fidelity (three), Invesco, Neuberger Berman and UBS also won approval for funds of their own.
Eric Figueroa will be responsible for the sale of MFS Meridian Funds, working with advisors across all channels, including family offices, independents, banks and wirehouses, in the southeastern United States, the Caribbean and Central America.
