Despite the setback, in the year to date through May, the fund industry has raised BRL 86.5 billion (USD 25 billion) against BRL 66.9 billion through May of 2018.
BTG Pactual smooths glide path for global firms’ arrival in Brazil
"We want to bring the entire line of Robeco funds [to Brazil], with exclusive distribution of BTG Pactual," said Robeco's Jimmy Ly at a recent investor conference in Sao Paulo.
Mutual fund flows in Brazil slowed to USD 23 billion in 2018
After a record-shattering year in 2017, inflows into Brazilian mutual funds slowed considerably, a reflection of reduced yields on bond products and uncertainty over presidential elections. Equity and mixed funds did enjoy inflows nonetheless.
Brazilian fund-industry flows grind to halt in August
Redemptions from low-yielding fixed-income classes cut into positive flows on the equity side in August. Inflows for the month barely topped USD 1 billion.
Brazilian mutual funds suffered BRL 20 billion in outflows in April
As investors fretted with the weak economic recovery, the main redemptions were driven by the Fixed Income class, with net outflows of BRL 8.9 billion.
BTG Pactual bringing three new cross-border brands to Brazilian clients
At the BTG Pactual Global Managers Conference, Marcos Pimentel provided details to Fund Pro Latin America about new distribution deals signed with AQR, Pictet and T. Rowe Price.
Brazilian fund industry: Seasonal effects led to redemptions in November
Advance collections of income tax and higher expenses leading into summer led to net outflows of roughly USD 5 billion in November.
Bolsonaro selection boosted local fund AUMs in October
Brazilian funds ended October with net inflows of BRL 6.4 billion, bringing the year-to-date amount to BRL 76.6 billion, albeit still below the BRL 251.3 billion raised in the same period of 2017.
BTG Pactual nails down high-profile distribution deals
The firm’s third party distribution team, headed by Ignacio Pedrosa, recently annouced trio of deals, with T. Rowe Price, Mobius Capital and Solar Capital Partners.
Brazilian fund industry shows resilience despite investor uncertainty
In September, the fund industry posted net inflows of BRL 7.2 billion (USD 2 billion), accumulating inflows of BRL 24.9 billion and BRL 71.1 billion in the quarter and year to date, respectively.