Afore XXI-Banorte's Sergio Mendez says the pension manager will proceed with its plan to launch an Asian equity mandate, first announced by Fund Pro Latin America in March of 2016.
Citi Private Bank names JPM exec as UNHW team leader for Latin America
September 7, 2016 by
Garcia-Romero joins Citi from JP Morgan Private Bank, where she served as the market manager and investment team leader for the Andes, Central America and Caribbean region.
Moneda taps Rojas to head its HNW segment
August 28, 2016 by
Traditionally an institutional manager, Moneda has been making inroads into the private-client segment, in response to demand from wealthy Chileans and the need to diversify the composition of its investor base and product lines.
Chilean AFPs are latest targets of populist fury
August 25, 2016 by
The pension industry and the global fund community that serves the market were stunned by the sudden surge of discontent with the privatized system, which was sparked by news of hefty pensions still received by state employees.
Sura launches Pacific Alliance bond fund
August 24, 2016 by
Sura's Juan David Perdomo said the Chile-domiciled fund will invest in government and corporate bonds throughout Chile, Mexico, Colombia and Peru. Mirror versions of the fund are expected in other jurisdictions.
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.
Fidelity uncovers what drives millionaires to recommend their advisors
August 23, 2016 by
“We have entered a ‘referral economy’ – where we, as consumers, thrive on sharing the people and things we value with those in our social and professional networks,” says Fidelity's Bob Oros.
Chilean AFPs bailed on US, Asian and European equities in July
August 23, 2016 by
Meanwhile, the fixed-income category received a USD 661 million allocation that reversed a USD 518 million outflow in June. AUMs of USD 17.5 billion in cross-border fixed income were at a 12-month high.
BlackRock reinforces Latam management team
August 23, 2016 by
Andrés De Goyeneche was named regional director for Chile, Peru and Uruguay, while Mauricio Perez Lavin was tapped to lead the product division for institutional clients in Chile.
Wealthy see their financial security tied to outcome of US election
August 23, 2016 by
"Across party lines, investors see the economy as the biggest issue in the election, outranking concerns like healthcare, national security and foreign policy," said UBS's Paula Polito.
