The Central Bank announced that the limits of three of the five multi-funds will be raised in August.
Brazilian mutual funds see inflows of BRL 34.2 billion in February
Fixed Income products led inflows attracting BRL 42.7 billion in the month, followed by Private Equity Funds, or FIPs, with BRL 4.2 billion.
HSBC agrees to sell Argentine unit to Grupo Financiero Galicia
The deal includes all of HSBC Argentina’s business, which ranges from banking to asset management and insurance, as well as USD 100 million of subordinated debt.
CCR Monthly Approval Report – March 2024
A total of 11 products were added in the month from four different asset managers: iShares, Premier Miton, Robeco and InfraRed Capital Partners.
VanEck strengthens Latam presence with Investment in brazilian ETF innovator Investo
“Investo's track record of innovation in the ETF space aligns perfectly with VanEck's vision for growth in Latin America. We are excited to contribute our global resources and investment expertise to support Investo's strategic goals for the Brazilian market”, said Jan van Eck, CEO of VanEck,
State Street appointed to provide investment services to AZ Quest
“We are pleased to announce this relationship with AZ Quest, as we continue to expand our capabilities across the region, furthering our goal of supporting leading institutional clients throughout Latin America,” said Marcia Rothschild, State Street head of Latin America.
Bice-Security merger will create fourth largest mutual fund manager
The combined assets under management of both mutual fund managers is close to CLP 6.0 trillion (USD 6.5 billion).
BBVA opens an investment advisory office in Miami to serve high net worth Latin American clients
BBVA Global Wealth Advisors joins the international wealth management service that BBVA already offers in Switzerland and Spain.
Compass and Vinci Partners announce business combination
With this strategic move, Vinci will expand its geographic footprint across eight countries, establishing a leading pan-regional platform with over USD 50 billion in assets under management.
AFP Integra strengthened with new partner from Apoyo Group
José Carlos Saavedra Solano took over the top job of the pension fund manager.