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.
Brazilian managers dust off BDR funds to meet clients’ demands for global diversification
January 13, 2018 by
Brazilian pensions less likely to invest abroad despite new resolution facilitating use of local feeders
December 13, 2017 by
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.
CMN Resolution 4.611
December 11, 2017 by
Alters Resolution 3.792, from September 24, 2009, which set rules on the allocation of assets of plans administered by Brazilian closed pension funds.
Santander to assume management of JP Morgan’s Brazilian-risk funds
December 6, 2017 by
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.
Record net inflows continue in Brazil
November 27, 2017 by
The Brazilian fund industry’s record net inflow through October 2017 - BRL 243 billion - reinforces the positive trajectory of the segment this year.
BlackRock teams with Icatu Seguros to launch pension fund with global equity exposure
October 24, 2017 by
"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.
BNP Paribas gets back in game, launching local feeder targeting Europe
October 23, 2017 by
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.
Brazilian retail investors boosted risk profile in August
September 28, 2017 by
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.
China’s Fosun takes control of Brazilian interactive broker Guide Investimentos
September 18, 2017 by
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.
BB DTVM resets global feeder offering as drop in local yields looms
September 17, 2017 by
BB DTVM's Carlos André told Fund Pro Latin America it is readying two products, one of them a feeder fund investing in a cross-border Banco do Brasil multi-manager fund allocating to various global brands, and using a foreign-exchange hedge.
