Pablo Valero, Banchile AGF's investment head, said the fund manager is in talks with three global firms, which it will represent in the institutional market. Economist Cristian Schulin-Zeuthen, an ex-BCI executive, will be leading the team.
Colombia’s Finance Ministry floats plan to allow AFP investment in high-yield bond funds
January 15, 2016 by
Another suggested change of interest to global managers is removal of the restriction on AFP investment in cross-border funds with a large shareholder holding more than 10% of outstanding shares.
Excel Capital, Chile’s newest distributor, hits ground running with Aberdeen, Henderson and Aviva Investors as clients
January 13, 2016 by
The firm is headed by three executives with years of combined experience dealing exclusively with global asset managers. At Excel, they plan to treat distribution as a core activity and give it the focus and resources necessary to keep the business growing.
Chilean AFPs intensify flight from North America; Japan and Europe strong
January 12, 2016 by
Allocation moves of Chilean AFPs in November affected products of Julius Baer, Templeton, Eastspring, Deutsche, Vanguard, State Street and iShares, as focus shifted from the US and Asia to Europe and Japan.
Merrill Lynch installs ex-Fiduciary Trust CEO in Coral Gables office
January 11, 2016 by
Teresa Valdés-Fauli Weintraub left Fiduciary Trust International of the South, an investment-management and private-wealth firm owned by Franklin Templeton, to join Merrill Lynch as a managing director at its Coral Gables office.
CCR Monthly Approval Report – December 2015
January 11, 2016 by
Eleven mutual funds were added in December to the list of approved instruments eligible to receive allocations from Chilean Pension Managers (AFPs). Of those, eight are domiciled in Luxembourg, two in Ireland and one in the USA.
BofA Merrill survey: Majority of investors expect three or more US rate hikes in 2016
January 11, 2016 by
“The strong dollar view is writ large across all asset, regional and sector allocations. It will take a very dovish Fed and weak US earnings to reverse the strong dollar view in 2016,” said BofA Merrill's Michael Hartnett.
Nuveen’s Bob Doll predicts tough road for S&P and better year for global stocks
January 11, 2016 by
For more than 25 years, Robert C. Doll’s annual predictions have taken a deep and thorough look at key factors he believes are positioned to meaningfully shape the economy and markets for the coming year. They further lay the foundation for the noteworthy portfolios he and his team run in the Nuveen Large Cap Equity Series.
Afore XXI Banorte funds its first mandate with initial disbursement to BlackRock
January 4, 2016 by
Two years after naming Schroders and BlackRock winners of a USD 1.2 billion European mandate, Afore XXI Banorte disbursed USD 320 million to BlackRock. The mandate is the first to use the newly minted custody platform build by State Street.
