BNP Paribas led with three mutual funds - three of them Europe Equity products - registered in the month, while New Capital, a fund family belonging to EFG AM, followed with two mutual funds.
JP Morgan Brazil is bullish on demand for international offerings
May 2, 2016 by
Giuliano de Marchi believes there are 500,000 Brazilians with investments in excess of BRL 1 million, the amount needed to fully invest abroad. “Yet, only 1% of the investors able to invest abroad actually do it,” he told Fund Pro Latin America.
Mexico’s fund industry has grown just 9% in dollar terms the last five years
May 2, 2016 by
The 40% drop in the value of the Mexican peso has severely impacted results in dollar terms, while the number of investor contracts in funds has hovered around the 2 million mark.
JP Morgan AM takes minority stake in ETF provider Global X
May 2, 2016 by
"Investing in Global X augments our ETF strategy by expanding and deepening our participation in this fast-growing industry," said Jed Laskowitz, co-head of global investment management solutions for JP Morgan Asset Management.
Credit Suisse adds several UBS wealth managers to Mexico-based team
May 2, 2016 by
Under CEO Tidjane Thiam, Credit Suisse's new strategy is centered on the expansion of wealth management operations in emerging markets, including Mexico and Brazil.
Itaú loses Latam bond specialist
May 2, 2016 by
Alejandro Schuma was responsible for Latin American corporate credit and local markets and ran the Itaú Latam Corporate Bond fund.
Actinver launches ETF to capture investor interest in MILA
May 2, 2016 by
"We want to stimulate the tracker business because it has huge potential in Mexico," Alonso Madero Rivero, investment director of Actinver Corp., told Fund Pro Latin America.
Sura adds cross-border Franklin Templeton funds to Chilean lineup
April 27, 2016 by
"Open architecture is a pillar of our model of unbiased advice," Renzo Vercelli, CEO of Corredores de Bolsa Sura, told Fund Pro Latin America. The Franklin funds join others sponsored by BlackRock, BTG Pactual and ING.
Chilean AFPs chose emerging-markets bonds in March while dumping Asian equities
April 22, 2016 by
The AFPs made allocations to 14 emerging-markets-bond funds in March, with MS Emerging Markets Corporate Debt-Z and Investec Emerging Markets Corporate Debt-I Acc getting the lion's share of the action.
Prima AFP names new investment manager
April 22, 2016 by
José Larrabure will be the Peruvian pension manager's new head of investments beginning on May 1, 2016. He replaces José Antonio Roca.
