With projections based on current conditions of the Retirement Savings System - i.e. a 6.5% compulsory contribution and 49.6% investment placed in government debt - the Afores are expected to reach net assets of MXP 4.3 trillion (USD 295 billion) by the end of 2020.
CVM has begun drafting new qualified-investor rules
December 10, 2014 by
The Brazilian securities regulator, the Comissão de Valores Mobiliários responded to a request made by the Brazilian Association of Financial and Capital Markets (ANBIMA) and decided that revised regulations governing "suitability" and new definitions concerning qualified investors should enter into force simultaneously.
Brazil’s Bradesco taps Le Grazie to head asset management unit
December 10, 2014 by
Reinaldo Le Grazie replaces Joaquim Levy, who last month was named Brazil's finance minister, as chief executive officer of Bradesco Asset Management.
BofA Merrill Lynch says selective allocation will be required in 2015 as bull market slows to a jog
December 10, 2014 by
Strong fundamentals and healthy growth in the US economy support a case for investor optimism and opportunism. However, in the lower-return, higher-volatility environment projected ahead, selective allocation and defensive portfolio moves will be crucial for performance.
Bradesco launches Latin American fund based on FTSE smart-beta index
December 10, 2014 by
The Bradesco Global Funds - FTSE Latin America Quality Value Equity fund, a Luxembourg-domiciled Sicav, seeks to add value by selecting stocks from companies in Brazil, Chile, Colombia, Mexico and Peru with reasonable valuations.
BlackRock: Latin Americans recognize demands of retirement, but have set aside very little
December 5, 2014 by
“The survey clearly shows that Latin Americans are strongly motivated to be successful savers and investors, yet have fallen behind in some key planning areas, especially retirement,” said Armando Senra, head of BlackRock's Latin America and Iberia region.
Canadian and MILA-listed securities can be bought locally by Chilean investors
December 5, 2014 by
SVS approved a resolution that exempts all listed investment securities registered with regulators in Colombia, Mexico, Peru and Canada as well from enrollment in the Registro de Valores Extranjeros (foreign securities register). Under the new rules, registered securities in any of these countries - including ETFs - will be able to be traded publicly by Chilean investors almost automatically.
Latest Market Vectors ETF in Mexico provides play on fracking
December 5, 2014 by
Deutsche Securities Casa de Bolsa in Mexico will act as local sponsor and filing agent for depository receipts of the new product, Market Vectors Unconventional Oil & Gas ETF (Ticker: FRAK).
CCR Monthly Approval Report – November 2014
December 2, 2014 by
A total of 23 mutual funds were added in November to the list of approved instruments to receive investments from Chilean Pension Managers (AFPs). BNP Paribas led with 14 funds registered in the month, followed by Vontobel (3) and Allianz (2).
Afore Banamex teases new international mandate
November 26, 2014 by
Fresh off the announcement of a commodity mandate with Deutsche Bank, Wellington and Schroders, Banamex said it is in the process of interviewing managers for what would be its third international equity mandate.
