“Allowing Mexican investors easier access to mutual funds will improve liquidity and develop the local market,” said José Oriol Bosch, the CEO of the BMV stock exchange.
Euroclear and Mexican stock exchange form venture to facilitate industry-wide fund supermarket
March 17, 2016 by
Chilean AFPs trimmed their exposure to Asia and emerging markets in January
March 17, 2016 by
While cutting back broadly on positions across Asia, emerging markets and in the US, the AFPs targeted European equities in January. Some large funds from AXA, iShares, and Henderson, suffered, while State Street and Deutsche had some reason to cheer.
Sura and Credicorp agree to develop infrastructure projects in Colombia and Peru
March 8, 2016 by
Juan Carlos Botero, director of SURA Investment Management, said the partnership's initial focus will be on the Colombian and Peruvian markets.
CCR Monthly Approval Report – February 2016
March 7, 2016 by
Five funds were added, while 17 were delisted. Edmond de Rothschild led with three mutual funds listed, all of them equity products, followed by BlackRock and NN IP, each with one new fund approved.
Afores boosted their private-equity exposure to 6% in 2015
March 7, 2016 by
During 2015 about USD 1 billion - through 19 issues - went to market, almost double the issues logged in the previous year. A local consulting firm says that there is another USD 1.9 billion dollars in the pipeline for upcoming CKDs.
Old Mutual may put Mexican and Colombian retirement operations on the block
March 7, 2016 by
Old Mutual is said to be considering selling or spinning off its Latin American operations - including its retirement business in Mexico and AFP in Colombia - as part of a global restructuring.
Snowden Lane plucks two more Merrill advisors for budding NRC team
March 7, 2016 by
Snowden Lane Partners' non-resident-client business is staffed almost entirely by ex-Merrill Lynch personnel, as the latter firm has undergone a restructuring.
Fiduciary Trust re-hires Cabanas to boost business development in South Florida
March 7, 2016 by
As part of the firm’s Latin America strategy, Michael Cabanas will work with individuals and families based primarily in Brazil, Colombia and Mexico
Sura Asset Management appoints new regional CEO
March 7, 2016 by
Ignacio Calle Cuartas, current vice president of corporate finance at SURA Group, will replace Andrés Castro as CEO of the company as of May 1, 2016.
XP Investimentos sees opportunities in broadening its platform with international products
March 6, 2016 by
XP's Gustavo Pires said conversations with global managers are ongoing, after having added locally-domiciled feeder funds of JP Morgan, Western Asset, AllianceBernstein and Principal Financial's Claritas unit to its platform.
