Colombian pension funds added another USD 415 million to their holdings of cross-border ETFs and mutual funds in November, surpassing the USD 9 billion level. Aberdeen, BlackRock, Investec and Schroders all succeeded in landing a first-time investment for an equity product during the month.
Four cross-border funds landed first-time investments in November from Colombian AFPs
February 3, 2014 by
Fabiano Cintra now in command of Itaú’s ETF distribution
January 30, 2014 by
The It Now series of ETFs are Brazilian-based exchange-traded funds investing in Bovespa-listed securities.
Schroders Brazil names new chief investment officer amid run on AUM
January 30, 2014 by
Schroders Brasil has lost two members of its investment-management team in the last six months. The latest change comes on the heels of a difficult 2013 for equity managers in Brazil and especially for Schroder, which suffered significant outflows.
Cross-border investment by Mexican mutual funds hits record levels
January 29, 2014 by
Total cross-border investment for Mexican mutual funds reached USD 4.5 billion in 2013. In the process, active managers Franklin Templeton, BNP Paribas, BlackRock, Pioneer Investment, Henderson, JP Morgan and Robeco have successfully landed allocations. Latin Asset Management projects that Mexican fund managers will steer a considerable amount to cross-border instruments in the next five years, creating an interesting alternative to the slow-moving Afore mandate segment.
It’s official: CorpBanca and Itaú announce deal, enhancing Brazilian firm’s presence in Andean region
January 29, 2014 by
The transaction will create the newest Andean banking platform, and catapult Itaú into a region-wide force to be reckoned with throughout Latin America. As a result of the merger, the branch network will consist of 217 branches in Chile and 172 branches in Colombia, all using the Itaú brand name.
CCR Monthly Approval Report – January 2014
January 28, 2014 by
A rundown of the financial instruments approved, rejected and affirmed by the Comisión Clasificadora de Riesgo (CCR). Month of January 2014. New funds from Nuveen, Federated Investors, Axa and BlackRock were added, while two JPMorgan funds were delisted. Four new iShares ETFs also joined the list.
Exclusive: XXI Banorte selects managers for European mandate
January 27, 2014 by
In an interview with Fund Pro Latin America, the Afore, Mexico's largest with USD 42 billion in assets under management, shared the names of the two winning firms, and said it would allocate up to USD 250 million to each firm. Meanwhile, the pension manager also said selection of a custodian was not yet finalized and that another RFP was being readied. View article for full details.
European- and Japanese-equity funds finished 2013 with additional flows from Chilean AFPs
January 23, 2014 by
AFP exposure to these two regions expanded by nearly USD 6 billion in 2013. Top selling products in December were two ETFs of the iShares family. When considering the entire 2013 campaign, mutual funds managed by DWS (Deutsche), Pioneer and Threadneedle led among the European-oriented products, while iShares ETFs took the lion's share of the Japanese action. Full details are available in the attached holdings and flow reports.
MILA and Asian Passport initiative spark renewed interest in integrating Latam funds business
January 23, 2014 by
Fund managers are enthusiastic about the creation of a regional fund passport, since a regulatory framework of this type would multiply their business, based on the facilities for integrating investors from several countries into a single fund, selling the same fund in various markets, having a standardized tax treatment and integrating capabilities in order to compete with large international fund managers.
Mohamed El-Erian to leave PIMCO in March
January 23, 2014 by
Mohamed El-Erian abruptly stepped down as chief executive of the giant asset manager, which has struggled to hold on to investors as demand for its bond funds wanes.
