“The advisor has to be more prepared for the language of ESG themes," says Roberto Martinho, head of business development at Nordea Asset Management in Latin America.
Brazilians swarmed to cross-border funds in 3Q 2020, fueling new product launches
JPM's Giuliano De Marchi predicted a tenfold increase in international fund AUMs, and revealed that regulators are considering opening global feeders to the general public, not just qualified investors.
Brazilian funds raised USD 37 billion in first nine months of 2020
The Fixed Income class was the highlight in September, with USD 4 billion raised in September, pulling the category out of negative territory for the year to date.
Over USD 1 billion flowed to global managers via Brazilian funds in 1H 2020
Managers with a local presence in Brazil are finally benefiting from their early-mover status in Brazil, among them Western Asset, PIMCO, JPM and Schroders.
Amid difficulties, Brazilian fund industry raises USD 27 billion through August
Balanced/Mixed and Equity classes raised more in the first eight months of the year (BRL 48.8 billion) than the amount in the same period of 2019 (BRL 41.4 billion).
Credit Suisse to take stake in Brazilian digital broker Modalmais
“This transaction further enhances our ability to serve our clients digitally while getting access to additional client segments in a fast growing environment,” said Credit Suisse's Philipp Wehle.
Fund industry shows BRL 14.9 billion outflow in May
Brazilian fixed-income funds have suffered BRL 131.1 billion (USD 24 billion) in outflows in the first five months of 2020 as yields continue to plummet.
Brazilian fund industry hit with BRL 91 billion in redemptions in April
Only foreign investment funds, with net inflows of BRL 2.2 billion in April, had a positive month. Year to date, the category had positive flows of BRL 11.4 billion.
Equity fund flows remained positive in March as Brazil looked past Covid-19
Equity funds had net inflow of BRL 8.3 billion in March and drew in BRL 45 billion for the quarter.
Brazilian managers selling cross-border vehicles to pensions of government workers
BB DTVM has partnerships with global managers such as Nordea, Schroders, Aberdeen and BlackRock, said Aroldo Medeiros, director at BB DTVM.