Tracking the Activities of Global Asset Managers in Latin America
Swisscanto led with five mutual funds registered in the month, while Xtrackers followed with ETFs. Berenberg, Credit Suisse, Man, Muzinich, PGIM, PineBridge, Robeco, and State Street joined the list along with two alternative products.
The regulator also gave the green light to two alternative products from Antares and Thomas Bravo.
The ETF seeks to provide a reliable beta “building block” for investors looking for a short-dated dollar-denominated government debt allocation, said JPM's Juan Pablo Medina-Mora.
The USD 12.4 billion sovereign wealth fund's cross-border equity positions are managed by BlackRock and Mellon.
Rodolfo Castilla will be based in Uruguay and will oversee the group’s independent advisor network across Latin America.
The CCR could delist funds, preventing them from receiving AFP allocations, or just place them under observation.
Hermes led with five mutual funds approved, followed by Barings and DWS with two products, and Invesco, Federated, EDM and JP Morgan with one mutual fund each.
The AFPs finished January with USD 19 billion invested in cross-border funds and ETFs, almost entirely in equity funds. They increased their total equity exposure by USD 776 million during the month.
Equity funds had net inflow of BRL 8.3 billion in March and drew in BRL 45 billion for the quarter.
The AFPs finished February with USD 18.4 billion invested in cross-border funds and ETFs, almost entirely in equity funds. They increased their total equity exposure by USD 935 million during the month, to USD 18 billion.
The AFPs ended February with USD 82.1 billion invested in cross-border funds and ETFs, 69% of which was in equities.
