Janus Henderson, Fidelity, Lazard, Muzinich, HarbourVest, Kohlberg & Co, Nautic and PSG Equity were the fund sponsors gaining approval for new products in August.
Alpine Capital is seeing green shoots in Chile’s alternatives business
Higher limits for pension fund investment in this asset class is one of the key factors for industry optimism. “A more stable economy and policy leads to more investment, especially in alternative assets”, said Daniel Mueller, partner at Alpine Capital.
Amundi and Victory Capital to become strategic partners
The transaction will allow Amundi to strengthen its presence in the US via a larger US investment and distribution platform, said Valérie Baudson, Chief Executive Officer of Amundi.
Bidding process for participants gains broad support from economists
The mechanism is included in the pension reform but there are a range of proposals on what form it should take.
CCR Monthly Approval Report – July 2024
A total of 19 products were added in the month from nine different asset managers: BNP Paribas, BNY Mellon, Fidelity, First Sentier, Franklin Templeton, LarrainVial, PIMCO, Summit Partners and UBS.
Brazilian cross-border investments increased the pace with USD 289 million net inflows in Q2 2024
ETFs emerge as one of the main alternatives for investors to diversify their portfolios internationally. "Customers have understood the power of diversification, seeking investment alternatives that are not reflected in the local market, and also diversifying in currency, as ETF BDRs have exposure to the dollar," said Paula Salamonde, director of the Institutional segment and iShares ETF at BlackRock Brasil.
CMF launches platform to compare mutual fund fees sparking debate
The platform provides detailed cost information categorized by AGF, client type, and share classes, using a traffic light system to rate fees.
At the end of July, processing of new pension withdrawals begins
Although there is some consensus on the inconvenience of this mechanism, the appearance of certain populist enticements could influence the process.
CCR Monthly Approval Report – June 2024
JPMorgan led with five ETFs, followed by Allianz, Bluebay, Comgest, Man and Morgan Stanley each with one mutual fund approved. Two alternative products also got the green light, one from Hollyport Capital and one from Rivean Capital.
Fast-track passage of pension reform could end up in the Constitutional Court
The government has already announced a corrective bill to resolve some shortcomings not analyzed by the House of Representatives.