Only two equity funds and ETFs among the 144 which receive allocations from Chilean AFPs ended the first month of the year with a positive return. The worst performing vehicle lost 12% for the month.
Bruising January for cross-border investments, but local options took a worse beating
February 6, 2014 by
Canadian Pension Board installs regional investment office in Sao Paulo
February 6, 2014 by
The pension fund already has significant investments in Latin America, with nearly USD 4.5 billion invested in real estate, public- and private-equity and infrastructure investments.
Argentine unit of Raymond James seals institutional distribution deals with two major US fund houses
February 3, 2014 by
The firm, which has already been distributing Eagle Asset Management products in Latin America, announced the strategic alliance on Jan. 30. A total 21 funds were registered for sale with the CCR in Chile.
Van Eck Global adds two Market Vectors ETFs to Mexican offering
February 3, 2014 by
Two fixed-income ETFs were added to the long list of 32 products that Van Eck can offer to Mexican pension and and mutual-fund managers through the local stock exchange. Deutsche Securities will act as local sponsor.
Four cross-border funds landed first-time investments in November from Colombian AFPs
February 3, 2014 by
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.
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.
