The AFPs increased their exposure to equity funds by USD 4 billion, while adding USD 1.2 billion to fixed-income. The buying spree came as the S&P 500 surged 10.7%.
Mexico’s largest Afore may double its fund allocations in the short term
January 27, 2021 by
Afore XXI Banorte's new CIO revealed the firm's approach to manager selection and monitoring, and noted the key role active funds will play in building out its international investment strategy.
Will 2021 be a breakout year for active funds in Mexico? The Amafore seems to think so.
January 26, 2021 by
The Amafore's Alvaro Melendez predicted an uptick in allocations to active funds while emphasizing need to increase cap on international investments.
Active managers key to Afore SURA’s international exposure
January 26, 2021 by
"We will have a local expert helping us make better investment decisions and adding alpha to our clients' portfolios," said SURA's Andrés Moreno.
Multimarket funds see record net inflows in 2020
January 26, 2021 by
Multimarket funds saw the largest net inflows in 2020, at BRL 97.6 billion, followed by equity funds with net inflows of BRL 69.4 billion.
Lexington Partners opens São Paulo office, expanding presence in Latin America
January 18, 2021 by
"We are pleased to establish a local base in Brazil from which to engage directly with investors and high-quality managers," said Lexington's Jose Sosa del Valle.
Investors pull USD 4 billion from Brazilian funds amid lackluster returns and yields
January 11, 2021 by
The November 2020 numbers disappointed but did not mar a decent year, during which local funds had raised USD 23 billion.
Wells to exit international wealth business before end of 2021
January 8, 2021 by
The decision to leave markets in Asia and Latin America reflects regulatory and other constraints facing Wells in the wake of its fake account scandals that have cost it billions of dollars.
Felices y Forrados in the spotlight as Chilean regulators aim to limit transfers
January 6, 2021 by
A government proposal would limit movements between non-adjacent multifunds, while Congress will also examine the role of unregulated advisors.
CCR Monthly Approval Report – December 2020
January 5, 2021 by
Columbia Threadneedle led the list of registered products with 14 mutual funds, followed by Samsung with four ETFs, and Aviva, Credit Suisse and Altis each with one product approved of their own.
