The new vehicle joins six other international funds on the platform of BBVA Bancomer, which has already signed subadvisory deals with global firms BlackRock, Franklin Templeton and Pioneer Investments.
BBVA Bancomer, Morgan Stanley team to launch global multi-strategy fund in Mexico
November 23, 2015 by
Blackstone appoints senior advisor to scope out Mexican opportunities
November 23, 2015 by
Blackstone has hired Isauro Alfaro, co-founder of Alfaro, Dávila y Ríos SC, a leading independent and restructuring advisory firm in Mexico. Before founding ADR, he worked as managing director and head of Credit Suisse Mexico.
BofA Merrill: Investors regained risk appetite in October
November 23, 2015 by
With growth and inflation expectations notably higher after new US payroll data, investors have cut cash holdings and increased exposure to equities, real estate and alternative investments. Confidence in the global economy also rebounded, up 22 percentage points from October.
Credit Suisse appoints new LatAm wealth management head
November 23, 2015 by
In October, Credit Suisse announced it would close its domestic US private bank as part of wider plans to slim down the business and increase their presence in markets like Latin America and Asia. The Latin American unit will be led by Ignacio Martos.
Chilean AFP portfolios reflect optimism on Europe and Japan
November 19, 2015 by
The AFPs made new investments worth USD 1.8 billion into European equity and USD 966 million to Japanese equity in the August-October period. The shift has helped move funds from Julius Baer, Henderson and Deutsche into the top-10 list of Chilean AFP holdings.
Rumors swirl in Chile over possible Aberdeen-BTG breakup
November 13, 2015 by
As BTG attempts to rebuild its global-fund distribution team, it faces the defection of not only Columbia Threadneedle but also Aberdeen, which at one time had gathered nearly USD 6 billion from Chilean AFPs.
AFP Profuturo reformulates its investment team
November 13, 2015 by
Gino Bettochi recently took over as CIO, as two key executives departed for roles outside the pension industry. The firm also named a new fund selector.
Afores anxious to participate in new alternatives vehicles proposed by Executive branch
November 13, 2015 by
Afores are eagerly awaiting the launch of the Fibra E and CerPIs, the two new structured instruments proposed by the Mexican President Enrique Peña Nieto, said Carlos Noriega, CEO of the Mexican Association of Retirement Fund Managers.
Azimut sets up Chilean distribution arm backed by European fund offering
November 13, 2015 by
Azimut, headed by Alejandro Citterio in Chile, arrives precisely at a time when institutionals are increasing their positions in Europe and looking for opportunities in different sectors and asset classes. A look at AZ Andes' Latin American distribution strategy.
BlackRock lowers fees, broadens range of iShares Core suite
November 13, 2015 by
Ruth Weiss, head of the US iShares product team at BlackRock said the enhancements will provide investors with broader and more diversified exposures at competitive prices. Expense ratios have been reduced to as little as 0.03%.
