"We decided to offer a fund protected from currency volatility," said Luis Otavio Oliveira, vice president of PIMCO and responsible for business development in Latin America.
Itaú names Safra fund manager as global CIO for private banking area
September 19, 2016 by
Nicholas McCarthy will be based in Sao Paulo and oversee strategy for asset allocation and the investment-advisory business for wealthy Latin American individuals.
Fixed-income and flexible funds drive inflows in August
September 19, 2016 by
The Brazilian mutual fund industry posted net new inflows of BRL 21.1 billion (USD 6.4 billion) in August 2016, bringing total NNI to USD 72 billion in the first eight months of 2016.
Western Asset preps global-equity feeder allocating to sister firm ClearBridge Investments
September 7, 2016 by
The feeder fund will hit the ground running with BRL 35 million (USD 11 million) raised from Brazilian pension funds, said Marc Forster, executive director at Western Asset Mgt. in Sao Paulo.
Brazilian investors not enticed by sharp rise in share prices
August 23, 2016 by
Despite double-digit gains of the local stock market in July, investors dumped balanced and mixed funds and were agnostic on equity vehicles. Flows into short-term funds were strong, however.
JPM Brazil launches Global HY Bond in local currency
August 3, 2016 by
"This new fund will have returns calculated by the local interbank deposit certificate rate – CDI + 3%,” said Giuliano De Marchi, head of sales for Latam.
BRZ Patrimônio is Azimut’s third wealth-management acquisition of 2016
August 3, 2016 by
Azimut CEO Pietro Giuliani said the USD 1.2 million acquisition underscores his firm's commitment to Brazil and its "tireless search for local talent."
Equity, fixed-income funds posted strong returns in June
July 25, 2016 by
In the year through June, the industry recorded net sales of BRL 38.1 billion (USD 14 billion), 29.5% more than in the same period last year, led by the Fixed Income and Pension funds.
Stronger Real spurs selloff of international funds in Brazil
July 25, 2016 by
BB DTVM's major partners are BlackRock, Nordea, JP Morgan and Schroders, who represent more than 70% of total AUM of its international products, said Ricardo Forni, product manager.
Aegon unit to use Itajubá for Brazilian institutional distribution
July 21, 2016 by
The exclusive distribution agreement is aimed at boosting Mongeral Aegon's institutional-client base and its AUMs in the institutional segment, said Helder Molina, president of the firm in Brazil.
