Fran Rodilosso, fixed income portfolio manager for Market Vectors ETFs, noted that there is evidence that some institutional asset managers, including asset allocation strategists, pension funds, and foreign fund managers, are now increasing exposure to emerging markets in various ways.
US-Chile tax treaty would rekindle AFP interest in US-domiciled funds
May 14, 2014 by
If the US does away with charging a 30% withholding tax on certain distributions, US-domiciled funds would gain tax-equalization vis-à-vis Luxembourg and, hopefully, a fresh look from Chilean pension managers.
Larrain Vial selects Raptor Trading for global order routing to MILA markets
May 14, 2014 by
“Adding Raptor to our points of entry allows us to expand our regional offering, providing convenience for clients trading the MILA Markets, " said Claudio Larrain, managing partner of Larrain Vial.
Fitch affirms top rating for BTG Pactual Asset Management
May 14, 2014 by
The 'Highest Standards' rating reflects Fitch's opinion that the manager's investment platform and operating framework are superior relative to the standards applied by institutional investors in international markets. The rating applies only its domestic Brazilian operations in traditional funds and does not include its overseas asset management activities.
Federated Investors embarks on regional distribution effort with backing of RJ Delta
May 14, 2014 by
The firm now has six funds registered with the CCR and new registrations are projected, in the framework of a regional distribution rollout undertaken by the United States' seventh-largest fund manager.
Pimco and GAM first to register Irish funds as CCR lifts suspension
May 14, 2014 by
The rating agency took Moody's upgrade into consideration when accepting this domicile again. Irish funds had been banned for purchase by Chilean AFPs since September 2011.
Wagner Guida departs Chile to assume institutional product area at Itaú Brazil
May 9, 2014 by
After five years as CEO at Itaú AGF Chile, the executive returns to Brazil to control the area of products for the institutional investors, corporates and distributors.
Pension regulator sees large opportunity in Afore market for global firms
May 9, 2014 by
The head of the pension fund regulator, the Consar, told Fund Pro Latin America that it is "inevitable and absolutely indispensable" that an increase in the 20% international-investment limit be discussed in Congress. Meanwhile, the CIO of Afore Banamex shares his bold plan to move the international portfolio to active managers.
F&C Asset Management now in hands of Bank of Montreal fund unit
May 9, 2014 by
According to Latin Asset Management, F&C had USD 246 million in assets under management from Chilean institutional investors (mostly AFPs and mutual fund managers) at the end of March 2014.
CCR Monthly Approval Report – April 2014
May 5, 2014 by
Of the 20 products approved, 16 are domiciled in Ireland, after nearly three-year hiatus: funds domiciled Ireland were delisted by the CCR in September 2011, after the country's credit-rating fell below investment grade.
