The opening of the office in Mexico City is Natixis Global AM's first effort to be present in Latin America and build a regional business. It is part of an ambitious plan that will also see the opening of two new offices in 2015, in strategic Latin American cities, Fund Pro Latin America has learned.
Russell Investments: Global squeeze play continues as central bankers embark on diverging paths
January 5, 2015 by
"As high valuations persist, especially in the US, and yields remain low, due to historically unorthodox easing policies from global central banks, investors are faced with a challenge to achieve their real goals in a low-return world, often squeezing many to riskier assets," said Jeff Hussey (photo), Russell's global chief investment officer.
Itaú’s Setubal mentions Banamex as potential entry to Mexico
January 5, 2015 by
Itaú's interest in Banamex, which was acquired by Citigroup in August 2001 for USD12.5 billion, comes as Roberto Egydio Setubal (photo) seeks to build the São Paulo-based lender into the largest Latin American financial conglomerate.
Chilean insurers hold less than 3% of their portfolio in cross-border funds
January 5, 2015 by
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.
