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.
CVM rule change would drastically reduce minimum-investment hurdle for ‘superqualified’ investors
May 5, 2014 by
Currently, funds of international funds require a minimum investment of BRL 1 million (USD 400,000) - a very high hurdle even for an affluent investor with millions in net worth. The proposed change by the CVM is to allow fund sponsors to set their own minimum-investment amounts for funds exclusively designed for Professional Investors, provided that these investors have BRL 1 million invested in total in the Brazilian market.
BlackRock to offer S&P 500 ETF in Brazil
May 5, 2014 by
US ETF issuers, including ProShares, Invesco Power Shares, Vanguard and State Street, have turned increasingly to Latin America as an important avenue for asset gathering, particularly from institutional investors.
Schroders hires Deutsche Bank’s EMD research chief
April 29, 2014 by
Parisien, the former head of Deutsche Bank's EMD research and strategy unit, will focus on emerging-market corporates.
BlackRock beefs up EMD research with hiring of HSBC’s Goldberg
April 29, 2014 by
In his new role, Goldberg (photo) will help drive emerging markets debt research, oversee investment strategy ideas and also serve as a member of BlackRock’s investment committee.
Swiss & Global bond chief finds Brazil relatively cheap
April 29, 2014 by
Swiss & Global Asset Management's head of fixed income has built up exposure to local-currency emerging-markets debt in Brazil and Indonesia and says the sector now looks very cheap compared to high-yield emerging market debt.
