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.
CCR Monthly Approval Report – January 2015
February 2, 2015 by
A total of 14 products were added in January to the list of approved instruments to receive investments from Chilean Pension Managers (AFPs). PowerShares led with 11 equity ETFs domiciled in the USA.
Marcello Pasquatti, 17-year veteran at MFS in Brazil, joins Pimco in Miami
January 29, 2015 by
Pasquatti, who began working for MFS in 1997 on the international sales desk, will be reporting to Alec Kersman, executive vice-president, head of Latin America & the Caribbean.
Fitch appoints Peter Shaw head of Latin America
January 29, 2015 by
Fitch Ratings has announced the appointment of Peter Shaw (photo), managing director, as head of Latin America. Most recently, Shaw was the regional credit officer for Latin America, a position he assumed in December 2010. He previously managed Fitch's Latin American Financial Institutions group.
Mexican Finance Ministry goes all in on open architecture for mutual funds
January 29, 2015 by
The Finance Ministry unveiled an open-architecture scheme that would prevent mutual fund managers from working exclusively with only one mutual fund distribution company or entity (usually the bank that owns them), and ensure that any distributor willing to offer a manager's fund should be allowed to do so.
Political and legal questions could be provoking redemptions from Penta and CorpBanca funds
January 29, 2015 by
In the last quarter of 2014 these two managers suffered the worst falls in AUMs amid a period of great growth for many of their peers.
Iñaki Bernus is the new director of private banking at Credit Suisse
January 29, 2015 by
Bernus has over 24 years’ experience in private banking; prior to joining Credit Suisse Mexico in 2010, he was director of private banking at Invex Grupo Financiero and regional director of wealth management and specialized advisory services at Banorte.
Morgan Stanley: High-net-worth investors predict positive 2015 on strength of US economy, tech and biotech stocks
January 29, 2015 by
Morgan Stanley Wealth Management’s semi-annual Investor Pulse Poll found that the wealthy see their best opportunities coming from the US, in technology stocks, and in equities in general.
