Axa IM is keeping up with the growing trend of fund managers seeking to widen their distribution the Latin American region. This step is part of the ongoing efforts of the asset manager - already an important player in the Chilean institutional space - to expand its geographical footprint and break into other business segments.
Six cross-border funds gained first-time access to Chilean AFP portfolios in February
March 14, 2014 by
In a month where AFPs reduced their exposure to international instruments, six funds managed to land first-time investments from the pension managers. New AFP investment went to products of the following managers: Invesco (2), PIMCO (2), Investec (1) and TIAA-CREFF (1).
Deutsche moves senior exec to NY to head Latam asset-management business
March 14, 2014 by
Deutsche Asset & Wealth Management has transferred its head of asset management for Latin America and Spain, Pedro Dañobeitia, to a new post in the Global Client Group, fully dedicated to Latin America.
Derivatives use by long-only funds still likely to frustrate global managers in Peru
March 12, 2014 by
The regulation, which will create a system similar to the one operating in Colombia, provided a glass-half-empty vs. glass-half-full predicament for global fund managers, since mention of derivatives use in the funds' investment policies may still prevent largely long-only funds from flying under the regulators' radar.
JP Morgan unveils plans to increase its share in Chile, region
March 11, 2014 by
A new country head will soon take over in Santiago; replacing recently separated employees. In the medium term, the manager plans to register ETFs in Chile, based on a new line of these instruments under development in the United States, while human capital will also be allocated to the Argentine-Uruguayan market.
Peruvian regulator gets out of approvals business
March 11, 2014 by
As part of the implementation of the AFP reform, the SBS eliminated the obligation to register financial instruments considered "simple" and most frequently allocated to, which cover about 97% of pension fund investments. This includes cross-border mutual funds.
Volatility in January changed direction of AFP portfolios
March 5, 2014 by
According to local analysts, this sudden change of course was due to volatility in certain markets in late 2013 and early 2014, along with the winding down of quantitative easing by the Fed, which resulted in nervousness among portfolio managers, particularly after noting the hit that emerging markets were taking. In terms of flows in January, the big losers were iShares, Aberdeen, Templeton, and Fidelity, while the big winners were Invesco , Robeco and Deutsche.
BTG Pactual names former Citi executive as its Peru chief
March 5, 2014 by
Brazil-based BTG Pactual has announced the appointment of José Antonio Blanco as general manager for Peru, responsible for leading BTG Pactual's growth strategy in the following areas: investment banking, asset management, wealth management and sales & trading.
CCR Monthly Approval Report – February 2014
March 5, 2014 by
A rundown of the financial instruments approved, rejected and affirmed by the Comisión Clasificadora de Riesgo (CCR). Month of February 2014.
16 mutual funds were added in February to the list of approved instruments to receive investments from Chilean Pension Managers (AFPs). BNP Paribas led with nine mutual funds of its Parvest family, followed by Amundi (2), UBS (2), Allianz (1), Goldman Sachs (1) and JP Morgan (1).
New York Life’s Mexican insurance unit mulls acquisition of local fund manager
March 5, 2014 by
New York Life is actually arriving a bit late to the mutual fund arena, since its rivals Allianz and Zurich have already launched third-party fund platforms that can be accessed by their respective producers and financial advisors. New York Life's interest in actually owning an asset manager would, however, elevate the firm beyond simple fund distribution.
