Banamex has launched three subadvised funds since last year. The Asian fund is advised by BlackRock, the US fund by Franklin Templeton, and the European fund by BNP Paribas. The managers only give advice, while investment decisions are taken by Banamex and its team.
Banamex: Subadvisory arrangements with global firms proving attractive to fund clients
Panel recommendation on AFP benchmarks could force additional offshore allocations
A committee of experts is set to opine on how to set minimum-return benchmarks, and also weigh in on the government's proposal to stimulate the outflow of dollars by encouraging additional cross-border exposure on the part of the AFPs.
Citi Survey: Hedge fund assets to double to USD 5.8 trillion by 2018
In addition to offering more access to retail investors and creating customized solutions for institutional investors, hedge fund firms are increasingly engaging investors in an advisory capacity to support their clients’ overall portfolio, and expanding into functions beyond their traditional role as just asset managers.
Horizons and FiduBogotá launch an ETF that tracks S&P Colombia Select Index
Howard Atkinson (photo) claimed the new ETF offers low-cost exposure to a more diversified index than other currently available Colombian benchmarks.
March was iShares month in the Colombian pension fund market
Emerging-markets- and European-equity oriented products led the preferences of AFP portfolio managers, receiving USD 360 million and USD 185 million, respectively in the month.
Pension managers replace equity with mutual funds and ETFs
Local experts point to disappointing results in Brazilian equities and attractive opportunities in global mid-cap companies that target the consumer sector.
Most multifamily offices exempt from onerous registration requirements
It is estimated that multifamily offices manage about USD 3 billion, approximately 10% of the amounts managed by traditional single family offices, belonging to the richest families in Chile.
Amafore proposes alternative pension law reform in Mexico
Carlos Noriega (pictured) said the pension-manager association is pushing for greater tax incentives for those who save on a voluntary basis.
Susep green lights insurance permit for BTG Pactual
The unit, to be named BTG Pactual Vida e Previdência, will have capital of BRL 30 million (USD 13.6 million) and be authorized to sell and structure life insurance and retirement products.
Aberdeen names Siddharth Dahiya head of emerging-market corporate debt
In addition to the new role for Dahiya, the firm is also adding Paul Lukaszewski to strengthen the EMD team headed up by Brett Diment, bringing the London-based credit investment management team up to to six.









