With the aim of strengthening its portfolio of dollarized options, Actinver launched this March its new ActiUS fund of US stocks, with the advice and expertise of Morgan Stanley Investment Management.
XXI Banorte quickly funds Pan-Asian mandate with USD 850 million in disbursements
March 13, 2017 by
The latest implementation of XXI Banorte's international diversification strategy, led by CIO Sergio Mendez, has been entrusted to JP Morgan, Investec, BlackRock and Pioneer Investments. The process took just four months.
Afore Sura funds its first international mandate for USD 150 million
March 1, 2017 by
Afore Sura has given the green light to its diversification strategy in international investments, funding a global equity mandate valued at USD 150 million. Two more mandates for a total of USD 350 million are awaiting a final go-ahead.
Pioneer exec sees little upside in latest Mexican repatriation decree
March 1, 2017 by
While lauding the goals of incentives to repatriate overseas assets, Pioneer's Gustavo Lozano told Fund Pro Latin America that Mexico's current problems complicate the likelihood of a strong response from wealthy investors.
Afore Sura and BlackRock agree to swap USD 200 million mandate for advisory agreement
February 20, 2017 by
Since investing the mandated assets in iShares global-equity ETFs would mean paying a double fees to BlackRock, Afore Sura has modified its mandate with the global firm to a no-cost advisory agreement.
BNP Paribas IP launches local lifecycle funds in Mexico
February 12, 2017 by
BNP Paribas Investment Partners maintains its high expectations for the Mexican market over the long term and in January launched its family of Ciclos de Vida funds targeted at institutional clients.
Afore Sura CEO commits to funding first mandate in Q1
January 25, 2017 by
Pablo Sprenger told Fund Pro Latin America he is confident about the growth of the Mexican businesses, especially mutual funds and the Afore, which is ready to fund its first mandate in the first quarter of 2017, after many delays.
BBVA Bancomer forges ahead with dollarized fund-of-fund family
December 20, 2016 by
"We did not know or expect that Trump would win the US election," said BBVA's Victor Piña Piñeiro. "It seems we had excellent timing for launching these new funds on the market."
Afore Azteca sticking with ETFs as it builds its AUM base
December 20, 2016 by
While nearing critical mass necessary for executing an international mandate, Afore Azteca has decided to diversify its global investment portfolio by strategically using ETFs based on MSCI World indices.
Regulators, intermediaries not worried by impact of Trump on Mexican fund industry
December 9, 2016 by
Edurado Flores Herrera, vice-president of Securities Supervision at Mexico's CNBV, discussed with Fund Pro Latin America the new mechanisms in place to buffer the mutual-fund clients from market-induced shocks.
