The Latin firm is deep into partnership negotiations with two more managers, one European and the other American, BTG's Caio Mantovani, head of third-party distribution in Brazil, told Fund Pro Latin America.
BTG Pactual expects to raise USD 150 million in Latin America with Mobius funds
Brazilian government fixed-income ETF to be launched by Itaú
“We believe that this product has a competitive price and can be accessed by individual and institutional investors,” said Itau's Marcelo Fatio. An IPO of at least BRL 300 million is expected in mid-2019.
Mirae launches Brazil’s first fixed-income ETF
According to Mirae’s director of investments in Brazil, Andre Pimentel, the idea is to offer a product with more liquidity, given the difficulty of operate fixed income ETF in secondary market.
BTG Pactual to exclusively distribute Robeco funds in Brazil
BTG's Marcos Pimentel noted that the firm already distributes with Reliance Asset Management; Evli Fund Management and Capital Dynamics in Latin America, but feels Robeco funds are best suited for the still-unsophisticated Brazilian market.
Santander adds global and Latam-oriented funds to Brazilian onshore platform
The firm has raised roughly USD 150 million in the short time the funds are active in Brazil,” said Santander’s Rudolf Gschliffner. Lower interest rates and the search for diversification have made international investments relevant among Brazilians clients.
Schroders accesses retail channel in Brazil via third-party exclusive relationships
Schroder Brazil's Fernando Cortez told Fund Pro Latin America the firm is pushing to have eight feeder funds on offer by the end of 2018, many distributed exclusively via large third-party banking networks.
Aberdeen launches diversified feeder fund to Brazilian investors in partnership with XP
The partnership with XP is strategic and will allow access to a extensive client base,” George Kerr, the director of Aberdeen Standard in Brazil, told Fund Pro Latin America.
Brazilian retail clients poured USD 2.5 billion into PIMCO fixed-income feeder in 2017
PIMCO's Brazil-based VP, Luis Otavio Oliveira, said the Brazilian fund, which invests in the US-domiciled PIMCO Income Fund became more attractive during the year when CDI yields started to tumble.
Brazilian funds ended 2017 with USD 30 billion in offshore investments
The major sponsors of globally-oriented funds in Brazil - in particular Western Asset, JP Morgan and Claritas - all benefited from the uptick. The expectation is for additional managers to enter the space.
CMN heeds industry advice, ditches rule requiring risk rating on cross-border funds
The original resolution by the Brazilian Monetary Council had paralyzed the offer of global funds to local pension managers, said Marc Forster, executive director at Western Asset in Sao Paulo.