AFPs will likely be able to invest between 5% and 15% of their AUM in this asset class. Some distributors, such as Ignacio Montes of Credicorp Capital, had been hoping for sublimits to promote more real-estate and infrastructure investment.
Brazilian retail investors boosted risk profile in August
September 28, 2017 by
The movement reflected these investors’ search for higher returns, especially in medium- and long-term duration investments. In August, the fund industry raised BRL 50 billion (USD 16 billion), up 65% over the previous month.
BNY Mellon Wealth appoints Alex Ramos as senior wealth director
September 28, 2017 by
Ramos will report to managing director Chris Griffin, and will be responsible for business development efforts in the company’s Greenwich office.
World Wealth Report 2017: HNW population and wealth hits new high as ‘BigTech’ encroaches
September 28, 2017 by
More than half of HNWIs (56.2%) say they are open to using BigTech services for wealth management, expecting efficiency, transparency, innovation, and excellent online capabilities, the CapGemini report found.
Chilean AFPs added USD 3.4 billion to Asian and European equity in June-August period
September 28, 2017 by
Fund managers that benefited from the extended buying spree in August were Investec, Man GLG and Invesco.
Fidelity sees larger – but many fewer – M&A transactions among independent BDs
September 28, 2017 by
Fidelity's custody and clearing unit's report examines how M&A is providing independent broker-dealers with an avenue to address market pressures to increase size, productivity and revenue potential.
China’s Fosun takes control of Brazilian interactive broker Guide Investimentos
September 18, 2017 by
Guide will maintain its current activities in wealth management, digital platforms, private and institutional brokerage, financial planning and insurance sales, according to current owner, Banco Indusval.
BB DTVM resets global feeder offering as drop in local yields looms
September 17, 2017 by
BB DTVM's Carlos André told Fund Pro Latin America it is readying two products, one of them a feeder fund investing in a cross-border Banco do Brasil multi-manager fund allocating to various global brands, and using a foreign-exchange hedge.
Capital repatriation sparks growth in Mexican fund business
September 17, 2017 by
Repatriation of some MXP 100 billion, driven by the government decree that offers tax incentives on return of undeclared capital, has benefited mutual fund operators, says Principal's Luis Lozano.
Three firms share USD 700 million US Equity mandate from XXI Banorte
September 17, 2017 by
Under the guidance of Sergio Mendez, Afore XXI Banorte funded US equity mandates with three managers, totaling USD 700 million, bringing its funded mandate total to USD 2.8 billion, spread across Europe, Asia and now the United States.
