The appetite for alternative products from clients in the region is here to stay, says Schroders' head of South American distribution, Alex Toledo.
Schroders bolsters Chilean presence with Banchile tie-up; eyes role in alternatives
Brazilian funds ended 2017 with USD 30 billion in offshore investments
The major sponsors of globally-oriented funds in Brazil - in particular Western Asset, JP Morgan and Claritas - all benefited from the uptick. The expectation is for additional managers to enter the space.
Julius Baer boosts Brazilian wealth presence with Reliance acquisition
Julius Baer, which already purchased multi-family office GPS Investimentos in Brazil, has agreed to acquire 95% of Reliance Group, another large independent wealth firm.
BlackRock: Boomers missing out on ETF revolution
“Boomers, who came of age during one of the most extended bull markets in memory, may still be holding onto a stock-picking mentality,” says Martin Small, head of US iShares at BlackRock.
MFS opens Americas sales hub in Miami
An initial executive at the new Miami office will be Eric Figueroa, who was named regional representative for the Colombian market.
Consar anxious to establish rules for cross-border-fund investing
Carlos Ramírez, president of the Consar, provided Fund Pro Latin America with a time estimate on when Afore pension managers will finally be able to invest in cross-border mutual funds.
Fund/ETF allocations from Chilean AFPs at USD 82 billion after banner December
Even US equity funds enjoyed gains in December, as Chilean AFPs capped off a banner year. "Valuations are not necessarily crazy, but they’re certainly high,” said Richard Garland, managing director at Investec.
Afore Sura funds mandate with Investec for USD 150 million
Luis de la Cerda, investment director, said the Afore was open to granting new mandates and to evaluating options in mutual funds when the time comes.
Franklin Templeton names representative in Chile for non-AFP clients
Gonzalo Ramírez, formerly with Legg Mason, will head the new office. The relationship with AFPs will stay in the hands of Vision Advisors.










