Mexico’s largest Afore may double its fund allocations in the short term

Afore XXI Banorte's new CIO revealed the firm's approach to manager selection and monitoring, and noted the key role active funds will play in building out its international investment strategy.

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Will 2021 be a breakout year for active funds in Mexico? The Amafore seems to think so.

The Amafore's Alvaro Melendez predicted an uptick in allocations to active funds while emphasizing need to increase cap on international investments.

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Active managers key to Afore SURA’s international exposure

"We will have a local expert helping us make better investment decisions and adding alpha to our clients' portfolios," said SURA's Andrés Moreno.

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Lexington Partners opens São Paulo office, expanding presence in Latin America

"We are pleased to establish a local base in Brazil from which to engage directly with investors and high-quality managers," said Lexington's Jose Sosa del Valle.

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Investors pull USD 4 billion from Brazilian funds amid lackluster returns and yields

The November 2020 numbers disappointed but did not mar a decent year, during which local funds had raised USD 23 billion.

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Wells to exit international wealth business before end of 2021

The decision to leave markets in Asia and Latin America reflects regulatory and other constraints facing Wells in the wake of its fake account scandals that have cost it billions of dollars.

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Felices y Forrados in the spotlight as Chilean regulators aim to limit transfers

A government proposal would limit movements between non-adjacent multifunds, while Congress will also examine the role of unregulated advisors.

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CCR Monthly Approval Report – December 2020

Columbia Threadneedle led the list of registered products with 14 mutual funds, followed by Samsung with four ETFs, and Aviva, Credit Suisse and Altis each with one product approved of their own.

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Colombian AFPs add to EM bonds, North American equities in October

Cross-border funds and ETFs finished the month with USD 22.2 billion in Colombian pension assets under management.

Added flows, tighter fees will pressure Afores to diversify their portfolios

The industry was not pleased with the placement of stringent caps on fees they can pass on to affiliates, but cheered plans to boost payroll contributions substantially.

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