Brazil-based BTG Pactual has announced the appointment of José Antonio Blanco as general manager for Peru, responsible for leading BTG Pactual's growth strategy in the following areas: investment banking, asset management, wealth management and sales & trading.
WisdomTree extends global reach in Latin America
The Peruvian pension regulator approved the sale of 12 WisdomTree ETFs, a necessary condition before they can be purchased.
Peruvian AFP cross-border investments reached 34.84% of total portfolio in November
Power Shares, State Street, and BlackRock’s iShares are the top three ETF families receiving investments from the AFPs. Meanwhile, Henderson, Julius Baer, and Aberdeen are among the leading mutual fund managers.
Peruvian AFPs ask SBS to consider Latam allocations as “local” investments
The maneuver would free up another 4% of quota for investing in cross-border instruments domiciled outside of the region.
Peruvian AFP cross-border limit to be raised to 40% by July 2014
The Central Bank of Reserve (BCR) increased to 36.5% the limit of AFP investment abroad, which comes into effect from December 15th. But by July 15, 2014, as part of a schedule of gradual increases of 0.5% every 30 days, it will reach 40%.
BBVA sells peruvian pension unit
The bank is selling for USD516 million its pension unit in Peru to two separate pension firms, one controlled by Colombian financial conglomerate Grupo Sura and the other by Canada's Bank of Nova Scotia.
Managers confirm simplification of SBS registration process
Over the last few months the registration process for new foreign mutual funds has been reactivated, with record times of six weeks.
SBS to ease restrictions on plain vanilla international funds
Superintendent Schydlowsky said he was ready to simplify registration of funds representing traditional assets, but will keep a wary eye on more complex instruments.
Regulations on AFP fees no longer concern managers
Congressional Committee on Labor and Social Security proposed a regulatory change so that part of the fees that AFPs charge members is based on portfolio returns.
Latin American Pension Fund Investments in International Securities – June 2013
Chart comparing levels of pension fund system investments in international mutual funds and other international securities. Data from Argentina, Chile, Colombia, Mexico and Peru. Data broken out by instrument. Year-end totals from December 2008 through 2012, previous month results and as of June 30, 2013.