Brandes has selected the MSCI Wold Mid Cap Index and the MSCI EAFE Mid Cap Index as benchmarks for the Brandes International Mid Cap Equity strategy and the Brandes Global Mid Cap Equity strategy.
With Europe back in vogue, Eurizon takes aim at AFP market
June 17, 2014 by
The group has registered three new funds with the CCR in Chile which will also be offered in Peru and Colombia.
Pioneer says Consar is close to greenlighting funding of Banamex mandate
June 16, 2014 by
One of the chief missions of Pioneer in Mexico is to service the demand of the Afores, said Gustavo Lozano (photo). "We believe a natural and necessary way for Afores to diversify their international investments is with managers that are going to help them along the way."
Chilean AFPs added USD 743 million to their international portfolios in May
June 16, 2014 by
The dominant trend was to increase equity exposure, with mutual funds and ETFs capturing USD 666 million in new investments. Local distributor Compass Group managed to land new investments from AFPs on behalf of two global managers.
CCR loosens diversification rules for funds offered to local AFPs
June 16, 2014 by
The Commission raised the maximum percentage that mutual and closed-end investment fund portfolios can hold in the instruments of a single issuer or group. In so doing, it allows AFPs to purchase funds that are slightly less diversified.
State Street expands advanced beta ETF offering by using MSCI Factor Indices
June 16, 2014 by
The new SPDR MSCI Quality Mix ETFs use multi-factor strategies constructed by combining three MSCI Factor Indices with different risk-return profiles and correlations. The concept of multi-factor holds appeal with most investors as an opportunity to manage risk through combined factor tilts and to enhance the resilience of their portfolios through strategic exposure.
Principal Financial Mexico names Veron leader of investment team
June 16, 2014 by
Juan Manuel Veron (photo) also joins Principal Financial Group's executive committee to strengthen the asset management area. He will command the Investment and financial-risks team.
Deborah Hazell named new Latam chief at HSBC Global Asset Mgt.
June 16, 2014 by
Hazell (photo) will oversee HSBC Global Asset Management's operations in Brazil, Mexico and Argentina, in addition to the USA and Canada.
AFP Capital replaces CIO
June 16, 2014 by
Francisco Guzman Molina (photo) assumes the position that until now was occupied by Ricardo Mogrovejo.
Private-fund investors likely to flock to mutual funds in wake of tax changes
June 11, 2014 by
Local mutual funds, which fall under the Unified Fund Law, will be taxed at 10%, while President Bachelet's (photo) tax reform will strip private investment funds (FIPs) of their 35% exemption from the corporate tax rate. The FIP segment is worth around USD 15 billion.
