Jorge Claude, general manager of the Chilean Insurance Association, said the bulk of life insurer investment, both inside and outside the country, focuses on fixed income since these instruments can be used to match the companies’ long-term payment commitments.
Scotiabank to acquire Citibank’s retail and commercial banking operations in Peru
January 5, 2015 by
"This acquisition is in line with our strategy to increase our scale within the Peruvian banking sector, as well as the other Pacific Alliance economies of Mexico, Colombia and Chile," said Dieter Jentsch, group head of international banking at Scotiabank.
State and municipal pensions barred from investing in local funds with international exposure
January 5, 2015 by
Local fund managers had been distributing their internationally-focused products to these Brazilian institutional investors through September 2014. However, a technical note (07/2014) issued by the MPS clarified that the RPPSs are not permitted to invest in international markets, even if the vehicle is local.
Natixis: Institutional investors favor equities in 2015 but worry about generating stable short-term returns
January 5, 2015 by
While institutional investors are optimistic about equities in 2015, their outlook is tempered by market risks beyond their control and unknown liability risks ahead, particularly those linked to increased longevity.
CCR Monthly Approval Report – December 2014
December 30, 2014 by
While Dimensional and Lazard led with four mutual funds registered in the month, BlackRock and Invesco each won approval for three funds of their own.
Local expert: The real impact on cross-border managers of eased international-investment rules in Brazil
December 22, 2014 by
A long-awaited, momentous change came about last week in Brazil, when its securities regulator made it much easier for the affluent to invest internationally via locally-domiciled products. Seeking reaction to the news, Fund Pro Latin America spoke with the longtime manager of a multinational fund firm - a Brazilian native sensitive to the needs and demands of Brazilian investors as well as the competitive environment for global firms. In this wide-ranging, 1,200-word article - what we would consider required reading for cross-border managers - the executive (whose name is revealed in the article) discusses what's really changed with the new regulations, the importance of the changes for cross-border managers, the likelihood of international diversification amongst the affluent, other market sectors that will soon be gaining easier access to international markets, the size of the "new" addressable market in light of these changes, the potential for - and wisdom of - new efforts by players from abroad setting up shop in Brazil, the competitive environment for funds vs. new ETF and depositary-receipt offerings that already provide some access to international markets, and what he considers to be the minimum requirements for success for cross-border firms considering Brazil.
Chilean AFPs plowed head-first into volatile global markets in November
December 19, 2014 by
Funds sponsored by Franklin Templeton, Pioneer, PIMCO and JP Morgan, as well as ETFs from Vanguard and iShares, were the main beneficiaries of AFPs' USD 2 billion buying spree in November.
Brazilian fund regulator eases international investment rules, setting stage for wave of cross-border offerings
December 19, 2014 by
The two instructions are seen by the global asset management community as game-changers in their approach to Brazil, since important segment of the onshore market will become addressable - at least after July 1, 2015, when the rules take effect.
Alternative Investment Distribution in Latin America
December 16, 2014 by
Latin Asset Management‘s latest research effort explores Latin American demand for alternative-asset-management products, namely private-equity funds, infrastructure funds, real-estate investment trusts, venture-capital funds, and funds of funds holding these types of instruments. Institutional and private investors are increasingly turning to private-equity vehicles to take advantage of their long-term return potential, low-volatility and low correlation with traditional financial assets. The […]
Sura well-positioned to build on its USD 120 billion asset base
December 10, 2014 by
Sura Asset Management is the only actor in the pension business in the region with presence in the four major markets: Chile, Colombia, Peru and Mexico. Its consolidated assets under management represent a 23.4% market share in the countries where it operates.
