The asset manager will continue to develop closed-end funds in both domiciles, as a way of diversifying the investor base - a benefit to Pactual and to the investors themselves, argues Rodrigo Nader, CEO of Asset Management of BTG Pactual Chile.
Credicorp Capital: Institutionals will return to emerging markets
April 2, 2014 by
The firm believes there are no long-term fundamentals in favor of developed markets and that a change in asset allocation could take place by mid-year.
Larrain blames Latam-equity-fund redemptions on market pullback
March 28, 2014 by
The market in general has been looking to boost its exposure to developed countries and Europe, a more likely explanation for the wave of redemptions in the Latam product.
LV Asset Management studying new registrations in Luxembourg
March 24, 2014 by
Along with other Chilean asset managers, Larrain doesn't see the point in doing locally-domiciled fund launches when the end client is a regional institutional investor. Registering in Luxembourg seems to make more sense for the additional doors it opens for smaller managers.
MFS hires proprietary sales head in Chile to develop business beyond AFPs
March 21, 2014 by
Fuenzalida's major focus will be on developing and expanding MFS's business in the retail segment of that country, namely locally-owned private banks, local brokerage houses and advisories, funds of funds, family offices, multi-family offices and insurance companies.
Distributors have mixed feelings about SBS change
March 19, 2014 by
Market agents contacted by Fund Pro Latin America said that, with the new rule, the SBS is clearly taking a load off its own shoulders, but at the same time saddling AFPs with the responsibility for due diligence. ETF providers and active managers with well-established relationships are the likely beneficiaries.
Derivatives use by long-only funds still likely to frustrate global managers in Peru
March 12, 2014 by
The regulation, which will create a system similar to the one operating in Colombia, provided a glass-half-empty vs. glass-half-full predicament for global fund managers, since mention of derivatives use in the funds' investment policies may still prevent largely long-only funds from flying under the regulators' radar.
JP Morgan unveils plans to increase its share in Chile, region
March 11, 2014 by
A new country head will soon take over in Santiago; replacing recently separated employees. In the medium term, the manager plans to register ETFs in Chile, based on a new line of these instruments under development in the United States, while human capital will also be allocated to the Argentine-Uruguayan market.
Volatility in January changed direction of AFP portfolios
March 5, 2014 by
According to local analysts, this sudden change of course was due to volatility in certain markets in late 2013 and early 2014, along with the winding down of quantitative easing by the Fed, which resulted in nervousness among portfolio managers, particularly after noting the hit that emerging markets were taking. In terms of flows in January, the big losers were iShares, Aberdeen, Templeton, and Fidelity, while the big winners were Invesco , Robeco and Deutsche.
AFP Planvital upheaval has different effects on industry and actors
February 25, 2014 by
The low-ball offer of Planvital will put trememdous pressure on its larger rivals to trim their fees, at least somewhat. Most in the industry fear that the government will still pursue its plan to launch a low-cost, state-run AFP, to compete with other industry players.
