Drop in interest rates pushes Brazilian investors out of short-term funds

A drop in interest rates has provoked investors to diversify their allocations, with most moving a portion of their holdings to balanced and mixed funds.

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Brazilian managers dust off BDR funds to meet clients’ demands for global diversification

Western Asset's Mauricio Lima notes that BDR funds are not subject to new, restrictive regulations on international fund investing, so institutional investors may continue to use them without restriction.

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Brazilian pensions less likely to invest abroad despite new resolution facilitating use of local feeders

A new rule intended to make it easier for Brazilian pensions to allocate to feeder funds investing in cross-border funds is so confusing that it may have the effect of causing redemptions from these products, at least until there is clarification.

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CMN Resolution 4.611

Alters Resolution 3.792, from September 24, 2009, which set rules on the allocation of assets of plans administered by Brazilian closed pension funds.

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Santander to assume management of JP Morgan’s Brazilian-risk funds

With the deal, Santander could add over USD 5 billion to its USD 80.5 billion in AUMs in Brazil. Santander already has more than 1 million local investors in its Brazilian-domiciled funds.

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Record net inflows continue in Brazil

The Brazilian fund industry’s record net inflow through October 2017 - BRL 243 billion - reinforces the positive trajectory of the segment this year.

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BlackRock teams with Icatu Seguros to launch pension fund with global equity exposure

"Different economic cycles to which savers are exposed during their period of accumulation of wealth requires new investment options to be created," says Rodrigo Araujo, director of BlackRock in Brazil.

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BNP Paribas gets back in game, launching local feeder targeting Europe

The firm already has three other feeders in Brazil, but the new fund, to be launched in November, is its first with a foreign-exchange hedge," says BNP's Luiz Felipe Santos.

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Brazilian retail investors boosted risk profile in August

The movement reflected these investors’ search for higher returns, especially in medium- and long-term duration investments. In August, the fund industry raised BRL 50 billion (USD 16 billion), up 65% over the previous month.

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China’s Fosun takes control of Brazilian interactive broker Guide Investimentos

Guide will maintain its current activities in wealth management, digital platforms, private and institutional brokerage, financial planning and insurance sales, according to current owner, Banco Indusval.

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