Standard & Poor's Colombia Select Index, along with the pre-existing Colcap, will now form part of a new aggregate index against which local AFPs will benchmark their returns. Other indices meeting criteria laid out by the Superintendencia Financiera can also be added to the aggregate index.
BofA Merrill Lynch: Investors exuberantly bullish on Europe after promise of ECB action
February 26, 2015 by
Europe’s profit outlook is at its best since 2009, according to panel members. A net 81% of regional specialists see the economy strengthening in the next year. "It is as if there is not a single bear left," said Manish Kabra (photo), European equity and quantitative strategist.
Experts agree: Mexican pension system in need of urgent reform
February 18, 2015 by
Experts gathered at forum hosted by Principal Investments agreed that the first generations of Mexicans who retire with their Afore accounts will not receive a decent pension. The average OECD replacement rate is 54% (pension as a percent of salary) compared with just 28.5% in Mexico.
Allfunds Bank strengthens regional team with hiring of Soraya Kamel
February 18, 2015 by
Kamel is a finance professional who has extensive experience in fund analysis and fund selection services, having worked for leading companies in this market such as Morningstar, Vision Advisors and Edmond de Rothschild AM.
CCR may review funds of scandal-rocked HSBC at February meeting
February 18, 2015 by
A review of the "reputational risk" of HSBC - again in the news due to a potential tax-evasion scandal over its handling of high-net-worth accounts - may be on the agenda of the regulatory agency that determines eligibility to receive AFP investments.
BlackRock study: Institutional investors should consider profound shifts in investments
February 18, 2015 by
Mixed economic growth forecasts and shifting monetary policies are testing investors’ ability to generate sufficient returns to meet their long-term liabilities,” commented Mark McCombe, senior managing director and global head of BlackRock’s institutional client business.
Citi Survey: Hedge fund profits off 30% due to poor performance in 2014
February 5, 2015 by
Citi’s report, formerly known as the Hedge Fund Business Expense Benchmark Survey, is based on proprietary analysis and detailed responses from 149 hedge fund firms that collectively represent USD 581 billion in industry AUM, or 19.8% of total industry assets.
IM Trust opens its offering to the institutional segment
February 5, 2015 by
The firm registered an investment fund - the IMT Spread Corporativo Local - with the CCR, and this product will soon be joined by two more. Local AFPs are an obvious target of the closed-end fixed-income fund.
Itaú launches its first local ETF indexed to an international benchmark
February 5, 2015 by
The new product, listed on the BM&F Bovespa, is the seventh in the ETF family sponsored by Itaú, which have amassed USD 461 million in assets under management.
State Street Global Advisors lowers fees on 41 SPDR ETFs
February 4, 2015 by
State Street Global Advisor announced that it has lowered the management fees on 41 SPDR exchange-traded funds (ETFs), including those investing in a wide range of international and domestic asset classes, effective immediately.
