JPMorgan led with five ETFs, followed by Allianz, Bluebay, Comgest, Man and Morgan Stanley each with one mutual fund approved. Two alternative products also got the green light, one from Hollyport Capital and one from Rivean Capital.
Fast-track passage of pension reform could end up in the Constitutional Court
The government has already announced a corrective bill to resolve some shortcomings not analyzed by the House of Representatives.
JP Morgan AM reinforces its distribution team in Santiago
Incorporation of former BlackRock executive brings ETF sales expertise.
Jaime Munita leaves the asset management industry after 20 years
Since 2018, he has served as the CEO of AFP Capital, part of the Sura group.
Bravo Commission 2.0 faces skepticism amidst controversy in pension reform debate
The pension reform remains stalled in the Senate Labor Committee amid intense political negotiations.
Congress approves pension reform
The legislation now goes to the president who could return it to Congress, although he is expected to sign it. The main issues for AFPs are new players, the productivity fee and the end of withdrawals.
CCR Monthly Approval Report – May 2024
BNP Paribas, Credicorp Capital, JP Morgan, Morgan Stanley, PIMCO, Theam Quant, Eurazeo and Kinderhook were the fund sponsors gaining approval for new products.
Brazilian increased demand for international investment encourage asset managers
Diversifying internationally not only provides access to additional markets but can also help mitigate specific risks of the local market and potentially increase portfolio resilience. It grants significant long-term benefits to institutional investors, said Isabella Nunes, responsible for investor relations at JP Morgan AM.
Senate passes pension bill and lower house has a deadline of June 20
The bill maintains four pillars and designates Banco de la República as manager of the public pension fund.