Amid a pullback from Europe and North America, Colombian AFPs were not shy about plowing nearly USD 500 million into the iShares Emerging Markets ETF in the March-May period.
Nuveen and Artivest team to offer alternatives to HNW intermediaries
August 10, 2016 by
Mike Perry, head of alternative investments for Nuveen, said the firm is committed to helping clients build out this important component of their portfolios.
Vision Advisors enjoys expansion into new business areas
August 7, 2016 by
In addition to a local-fund offering that has grown to USD 80 million, Vision will begin regional distribution of Lansdowne and Cheyne Capital hedge funds. It already represents Templeton, Rogge and AllianceBernstein funds.
JPM Brazil launches Global HY Bond in local currency
August 3, 2016 by
"This new fund will have returns calculated by the local interbank deposit certificate rate – CDI + 3%,” said Giuliano De Marchi, head of sales for Latam.
CCR Monthly Approval Report – July 2016
August 3, 2016 by
Goldman led with three products - two ETFs from its ActiveBeta family and one equity fund, while Vanguard followed with two ETFs and Credit Suisse, Pioneer and BNP completed the list with one fund each.
UBS sees Latam outflows as tax amnesties stimulate redemptions
August 3, 2016 by
Net withdrawals from emerging-market clients amounted to USD 2.4 billion in the second quarter -- much of it from Latin America - said UBS's chief financial officer Kirt Gardner.
Conditions in Chile ripe for creation of state-run AFP
August 3, 2016 by
The government seeks to integrate prison and military employees into the AFP system. Francisco Murillo, CEO of Sura AM, which controls AFP Capital, said he welcomed the initiative.
BRZ Patrimônio is Azimut’s third wealth-management acquisition of 2016
August 3, 2016 by
Azimut CEO Pietro Giuliani said the USD 1.2 million acquisition underscores his firm's commitment to Brazil and its "tireless search for local talent."
Chilean AFPs continue exodus from US and European equity
August 3, 2016 by
Total allocations in equity as of June, at USD 37 billion, were the lowest in over a year and compare with USD 50 billion a year earlier.
UniCredit and Santander terminate talks to merge asset managers
August 3, 2016 by
The planned tie-up using the UniCredit's Pioneer Investments trademark had created uncertainty in Latin America, given Santander's strong brand recognition in Brazil, Mexico, Argentina and Chile.
