"This agreement between two experienced asset managers gives investors access to a broader range of investment opportunities in one of the most important markets in the region," said Stuart Parker, PGIM Investments president and chief executive officer.
Asian, Latin American equity attract Chilean AFP assets amid signs of slower global growth
May 21, 2018 by
Chilean AFPs increased their exposure once again to Asian equity, investing USD 716 million in April for USD 23.4 billion in total allocations to the asset class and a 28% market share. Investec cleaned up in this category as well as in Latin America.
Merged Principal-Metlife Afore names new CIO
May 21, 2018 by
Néstor Fernández, who has spent a great deal of his career with MetLife, was named head of investments of Principal Afore, following its acquisition of MetLife Afore.
EuroAmerica turns over fund-management and insurance business to Zurich for USD 155 million
May 10, 2018 by
According to Fund Pro Latin America, the deal will boost Zurich’s mutual fund business in Chile to well over USD 1 billion, by adding EuroAmerica AGF's USD 938 million in AUM to its current AUM of USD 363 million.
In welcome move, SEC offers alternative to DOL’s fiduciary rule
May 10, 2018 by
Under chairman Jay Clayton, the SEC's move to create an alternative to the DOL's fiduciary rule is being welcomed by the broker-dealer community.
M&G strengthens Latin American sales team
May 10, 2018 by
The European manager has fortified its Latin American sales team with the hiring of Madrid-based Ander López Francoy as sales director for the region.
What does Argentina’s Capital Markets Law mean for asset management? A local attorney provides guideposts
May 10, 2018 by
Dr. Pablo I. Godoy, an associate with the prestigious Argentine law firm Estudio Beccar Varela, highlights the most important points of the new law and connects them with the recent regulatory modifications introduced by the Argentine Securities and Exchange Commission (CNV).
Chile’s AFP Provida names Ruiz-Esquide as chief executive
May 9, 2018 by
The addition of Ruiz-Esquide was the latest in a series of shakeups at the Chilean pension manager, which is owned by Met Life.
Schroders accesses retail channel in Brazil via third-party exclusive relationships
May 9, 2018 by
Schroder Brazil's Fernando Cortez told Fund Pro Latin America the firm is pushing to have eight feeder funds on offer by the end of 2018, many distributed exclusively via large third-party banking networks.
Colombian fund industry seeks to raise profile as investor demand heats up
May 9, 2018 by
Efforts to align funds according to investment strategy, educate the public and provide better outreach are underway has AUMs climbed more than 20% in 2017, says Marcela Arias of Asofiduciarias.
