Demand for foreign-currency vehicles tripled in 1Q 2017, following depreciation of the peso against the dollar, according to Alejandro Aguilar, investment director of Banorte-Ixe Asset Management.
Afore XXI Banorte works to recapture lost market share
June 12, 2017 by
In just five months, under new CEO Juan Manuel Valle Pereña, Afore XXI Banorte has reversed its declining market share with the implementation of a new client-retention and recovery strategy.
Colombian AFPs boosted exposure to emerging markets in April
June 12, 2017 by
Total Colombian AFP assets abroad stood at nearly USD 17 billion in April, compared with USD 16.4 billion in March, and were at their highest level in at least two years. Emerging-market exposure clicked up two points to land at over 26%.
BlackRock: Americans sitting less on cash in order to fund retirement
June 12, 2017 by
“Americans are showing an increased willingness to invest and save for the future,” said BlackRock president Rob Kapito, commenting on a study showing that cash now totals 58% of Americans’ assets, down from 67% in late 2016.
With hire of Felipe Cárcamo, BTG Pactual looks to rejoin third-party fund distribution fray
June 12, 2017 by
BTG Pactual, whose third-party-fund distribution business disintegrated in late 2015 following the departure of key executives, appears to be making another go of it.
Sura to abandon Peruvian insurance and mortgage market to further develop AFP and wealth biz
June 12, 2017 by
Seguros Sura Peru will be absorbed by Intercorp’s insurance company Interseguro to make the latter one of the largest Peruvian insurance companies in terms of assets
BlackRock bets on Colombian infrastructure with local fund launch
June 12, 2017 by
The locally domiciled fund aims to provide investors with attractive yields and long-dated investments linked to inflation.
WisdomTree, via Compass Group, promotes global ETF customized for Mexican Afores
June 12, 2017 by
Constructed in line with the Afores investment regime, this new WisdomTree ETF listed on the SIC of the Mexican Stock Exchange is targeted at the USD 11 billion that Mexican pension funds can still invest under the international equity limit.
Credit Suisse offers gamut of third-party onshore and offshore funds to its Mexican clients
June 5, 2017 by
Credit Suisse Mexico's Nicolas Troillet says he finds the local-fund offering lacking in variety and said the private bank will offer clients both onshore and offshore solutions to meet their diversification needs.
Chile’s Moneda latest to make leap into Argentina
June 5, 2017 by
Moneda has USD 6.5 billion under management and specializes in equity and debt analysis of Latin American companies. It also has a New York office. BTG Pactual, LarrainVial, UBS and Julius Baer are all eyeing the Argentine wealth sector.
