S&P DJI will be responsible for the marketing and commercial licensing of the BVL indices. The agreement also allows S&P DJI to eventually calculate all of the BVL indices, and to jointly create new indices with the Exchange to meet the evolving needs of investors inside and out of Peru.
Important changes to Mexican pension law put off until 2015
September 23, 2014 by
Proposals to increase contribution levels, boost voluntary savings and relax the restrictive investment regime will not be put to Congress until at least 2015, via a bill from the Executive or as a result of the work of an expert committee close to being formed.
Consar greenlights funding of USD 400 million Banamex mandate with Pioneer
September 23, 2014 by
The president of the Consar, Carlos Ramírez Fuentes (photo), told Fund Pro Latin America that the agency believes mandates are quite important vehicles at the disposal of Afores, but acknowledged that the approval processes need to be sped up.
Chilean and Colombian flows help Allfunds Bank double its business in 18 months
September 19, 2014 by
Carlos Felipe Stozitzky, (photo) regional manager at Latam Allfunds Bank, said the company has signed contracts with 22 Chilean fund managers, who in general are having a great year in terms of new flows.
Peruvian pension-fund cross-border limit raised from 40% to 42%
September 19, 2014 by
The increase would be made in four installments through January 2015. According to Latin Asset Management estimates, the increase translates directly to an additional USD 195 million in potential cross-border flows per month.
State Street launches smart-beta SPDRs for Mexico, Korea and Taiwan
September 19, 2014 by
These ETFs, which add to the existing nine multi-factor SPDR MSCI Quality Mix ETFs launched in June 2014, purport to provide quality, value and low volatility, with the objective of giving investors improved risk-adjusted return potential when investing in single-country markets. They began trading on the NYSE Arca on September 18.
Swiss & Global manager plans to double Colombian bond exposure
September 19, 2014 by
Enzo Puntillo, who manages seven emerging market debt funds at the Swiss group, has built a 4.3% position in the country over the past few weeks and said he plans to double it in the near future.
Fitch affirms Itaú Asset Management’s ratings at Highest Standards
September 19, 2014 by
Itaú's 'Highest Standards' rating reflects Fitch's opinion that the company's investment platform and operational framework are superior relative to the standards applied by institutional investors in international markets.
Hanono jumps to Afore MetLife as new CIO
September 12, 2014 by
Hanono has a long track record in the Afore industry, most recently managing the portfolio at Afore Invercap. He is also head of the Afore association's investment committee.
André Cobianchi named head of institutional sales at JPMorgan Brazil
September 11, 2014 by
Cobianchi served between 2000 and 2013 at BTG Pactual, where he performed important roles serving institutional clients and acting in in the area of distribution and pricing of local DCM deals.
