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.
HSBC channels Andean and Central American wealth clients to UBS
September 17, 2017 by
As part of a streamling, HSBC’s Peter Boyles announced that the bank expects up to 40 employees to be offered positions at UBS. Clients will be referred to UBS’s Wealth Management Americas division.
Colombian AFPs added USD 3 billion to cross-border funds and ETFs through July 2017
September 15, 2017 by
Total AUMs abroad stood at USD 17.8 billion in July, up from USD 17.1 billion in June, their highest level for at least two years and a half. They compare with USD 14.5 billion at the end of last year.
BICE Inversiones tapped to subadvise cross-border fund
September 15, 2017 by
The fund will invest in investment-grade Latin American fixed-income securities and be marketed through various global mutual fund platforms, but under the name (or brand) of a European bank, said t BICE's Enrique Santibáñez.
Afore XXI Banorte makes it easy for Mexican expats to save for retirement
September 15, 2017 by
XXI Banorte's Juan Manuel Valle Pereña said the Afore's alliance with uLink gives US-based Mexican expats an easy-to-navigate and easy-to-access service to make voluntary retirement contributions from any device or computer.
Evli Fund Management latest brand added to BTG Pactual’s platform
August 30, 2017 by
Evli is a Finnish manager specializing in corporate bonds, factors, small caps and frontier markets. Ignacio Pedrosa, BTG Pactual manager for third-party distribution, believes the firm's high-performing funds are natural fits for AFPs.
Vanguard sees cost competition aiding its AUM growth in Mexico
August 30, 2017 by
“In recent years our clients have told us they like Vanguard's low-cost quality offering, but they wanted more presence and a closer relationship with us," said Juan Manuel Hernández, and ex-BlackRock and iShares executive named to head Vanguard's first Mexico City office.
Asian, European and emerging-markets funds lifted in Chilean AFP offshore surge
August 30, 2017 by
Chilean AFPs finished July with USD 68.9 billion abroad, a level not seen since July 2015, and compares with USD 57.7 billion in December. Funds by Aberdeen, Allianz, Investec, GAM and Invesco were in high demand.
CCR Monthly Approval Report – August 2017
August 30, 2017 by
Investec and Morgan Stanley had two products each registered, while JP Morgan and Lord Abbett followed completed the list with one fund each.
