Redemptions from low-yielding fixed-income classes cut into positive flows on the equity side in August. Inflows for the month barely topped USD 1 billion.
Brazilian mutual funds suffered BRL 20 billion in outflows in April
May 27, 2019 by
As investors fretted with the weak economic recovery, the main redemptions were driven by the Fixed Income class, with net outflows of BRL 8.9 billion.
Vanguard launches first local product in Mexico
October 8, 2019 by
The Vanguard FTSE BIVA Mexico Equity ETF (VMEX) tracks the country’s BIVA index, which accounts for 97% of the Mexican equity market.
Renta4 to expand its offering of foreign funds and launch AGF
May 27, 2019 by
Renta4, a subsidiary of the Spanish bank of the same name, has begun to diversify its business model, adding fixed-income and high-net-worth services and a third-party fund platform to its equity-brokerage business.
Colombian AFPs went longer on emerging-markets equity in March
May 24, 2019 by
The AFPs yanked USD 61 million from cross-border funds and ETFs in March 2019, but shoveled USD 447 million into a single Vanguard ETF, raising the firm’s total Colombian AUM to USD 2.5 billion.
Ahead of launch, AFP UNO looks to build its investment teams
May 22, 2019 by
Chile's newest AFP, led by a group with ties to ex-AFP Cuprum general manager Ignacio Álvarez, will start operating in October 2019 and will be the default provider for workers entering the system in 2019-2021.
Vontobel Wealth Management adds staff to target wealthy clients in Mexico and Brazil
May 22, 2019 by
Vontobel is seeking to hire bankers with Mexican client books for its Zurich office by year-end, according to published reports. But it has not ruled out opening a rep office in Mexico.
BTG Pactual bringing three new cross-border brands to Brazilian clients
May 20, 2019 by
At the BTG Pactual Global Managers Conference, Marcos Pimentel provided details to Fund Pro Latin America about new distribution deals signed with AQR, Pictet and T. Rowe Price.
Newest pension manager – Uno AFP – launches in Chile
September 27, 2019 by
UNO AFP expects to receive more than 350,000 workers in its first year of operation and hit USD 30 million in monthly inflows.
Ex-Principal Chile execs build USD 80 million book advising affluent clients
October 3, 2019 by
Value Advice's Rodrigo González says the firm targets affluent investors that are not receiving the level of service they deserve.
