The leading asset class was fixed income, with net inflows of BRL 35.4 billion (USD 11 billion) in the month, followed by balanced/mixed funds, with net inflows of BRL 6.7 billion.
Brazilian fund industry logs net inflows of BRL 109 billion in 2016
January 25, 2017 by
The fund industry reported record net inflows in December BRL 17 billion (USD 6 billion) with BRL 10 billion flowing into retirement funds (a record haul for any month), BRL 6.2 billion into fixed-income funds and BRL 2.6 billion into private-equity funds.
Guida returns to Chile to assist in Corpbanca-Itaú asset manager merger
December 20, 2016 by
"I returned to the country as CEO of Itaú Chile AGF to take over this business and contribute directly to the merger process" of Itaú and Corpbanca, Wagner Guida told Fund Pro Latin America.
Money managers could benefit from latest Brazilian repatriation law
December 19, 2016 by
“A relevant horizon of about BRL 150 billion (USD 40 billion) of "new" resources to be administered onshore and offshore has been opened," said Itau Private Bank's Gustavo Tavares.
Legg Mason installs cross-border distribution head in Sao Paulo
December 14, 2016 by
After 10 years as a Western Asset Brazil executive, Roberto Teperman now has the role of distributing the entire fund platform of the Legg Mason group, which includes nine subsidiaries around the world.
Brazilian equity funds suffer in wake of Trump election
December 14, 2016 by
Despite the performance setback for equity, the Brazilian fund industry is on pace to record its highest annual net inflows since 2012, as YTD net inflows reached BRL 89.7 billion at the end of November.
Global sponsors reinvent their international product offering in Brazil
December 1, 2016 by
“We believe that liquid alternative funds, with controlled volatility, are the path for the international fund market from now on,” says Templeton's Marcus Vinicius.
Brazilian equity funds reaping benefits of Ibovespa climb
December 1, 2016 by
Fueled by October’s substantial 11.2% upturn in the Ibovespa, Brazilian equity funds were atop the industry’s return rankings, also recording the industry’s highest year‐to‐date returns.
Ribeiro announces departure from Santander AM in Brazil
October 13, 2016 by
Conrado Engel, chairman of Santander's asset-management business in Brazil, will reportedly take the place of Luciane Ribeiro, until a new CEO is named.
Citi ups investment in Mexico, while selling off Argentine and Brazilian consumer units
October 13, 2016 by
Jane Fraser, Citi Latin America CEO, emphasized that the firm would continue to have a presence in Argentina and Brazil outside of the consumer segment.
