Sura Asset Management is the only actor in the pension business in the region with presence in the four major markets: Chile, Colombia, Peru and Mexico. Its consolidated assets under management represent a 23.4% market share in the countries where it operates.
Amafore: Afores will be managing USD 300 billion in 2020
December 10, 2014 by
With projections based on current conditions of the Retirement Savings System - i.e. a 6.5% compulsory contribution and 49.6% investment placed in government debt - the Afores are expected to reach net assets of MXP 4.3 trillion (USD 295 billion) by the end of 2020.
CVM has begun drafting new qualified-investor rules
December 10, 2014 by
The Brazilian securities regulator, the Comissão de Valores Mobiliários responded to a request made by the Brazilian Association of Financial and Capital Markets (ANBIMA) and decided that revised regulations governing "suitability" and new definitions concerning qualified investors should enter into force simultaneously.
Flow Report – Mexican Mutual Fund Manager (OFI) Investments in Cross-Border Funds and ETFs – November 2014
December 10, 2014 by
Excel workbook detailing inflows / outflows of Mexican mutual funds into international funds and ETFs. Includes names of all funds and ETFs as well as amounts invested in each. Data as of November 30, 2014.
Companies mentioned in this report: Aberdeen; Axa; BBVA; BlackRock; BNP Paribas; EasyETF; EDM; Fidelity; First Trust; Franklin Templeton; Global X; Henderson; ING; Investec; iShares; JP Morgan; MFS; Morgan Stanley; Oppenheim Pramerica; Pioneer; PowerShares; Principal; ProShares; Robeco; Santander; Schroder; State Street; Van Eck; Vanguard; WisdomTree; Actinver; Banamex; BBVA; Compass; GBM; HSBC; Inbursa; Interacciones; Intercam; Ixe ; Principal; Santander; Old Mutual; Valmex; Vector; Franklin Templeton; Scotia; Invex; Sura.
Brazil’s Bradesco taps Le Grazie to head asset management unit
December 10, 2014 by
Reinaldo Le Grazie replaces Joaquim Levy, who last month was named Brazil's finance minister, as chief executive officer of Bradesco Asset Management.
BofA Merrill Lynch says selective allocation will be required in 2015 as bull market slows to a jog
December 10, 2014 by
Strong fundamentals and healthy growth in the US economy support a case for investor optimism and opportunism. However, in the lower-return, higher-volatility environment projected ahead, selective allocation and defensive portfolio moves will be crucial for performance.
Bradesco launches Latin American fund based on FTSE smart-beta index
December 10, 2014 by
The Bradesco Global Funds - FTSE Latin America Quality Value Equity fund, a Luxembourg-domiciled Sicav, seeks to add value by selecting stocks from companies in Brazil, Chile, Colombia, Mexico and Peru with reasonable valuations.
Holdings Report – Mexican Mutual Fund Manager (OFI) Investment in Cross-Border Mutual Funds and ETFs – November 2014
December 10, 2014 by
Excel workbook detailing Mexican mutual fund allocations to global fund managers. Includes names of all funds as well as amounts invested in each. Also included is a breakdown of offshore allocations by asset class. Data as of November 30, 2014.
Companies mentioned in this report: Banamex; Valmex; Sura; BBVA; Santander; Actinver; Scotia; Principal; Ixe; Inbursa; GBM; HSBC; Compass; Old Mutual; Interacciones; Invex; Vector; Intercam; Aberdeen; BlackRock; BNP Paribas; EasyETF; EDM; Fidelity; First Trust; Franklin Templeton; Global X; Henderson; ING; Investec; iShares; JP Morgan; MFS; Morgan Stanley; Oppenheim; Pramerica; Pioneer; PowerShares; ProShares; Robeco; Santander; Schroder; State Street; Van Eck; Vanguard; WisdomTree.
BlackRock: Latin Americans recognize demands of retirement, but have set aside very little
December 5, 2014 by
“The survey clearly shows that Latin Americans are strongly motivated to be successful savers and investors, yet have fallen behind in some key planning areas, especially retirement,” said Armando Senra, head of BlackRock's Latin America and Iberia region.
Canadian and MILA-listed securities can be bought locally by Chilean investors
December 5, 2014 by
SVS approved a resolution that exempts all listed investment securities registered with regulators in Colombia, Mexico, Peru and Canada as well from enrollment in the Registro de Valores Extranjeros (foreign securities register). Under the new rules, registered securities in any of these countries - including ETFs - will be able to be traded publicly by Chilean investors almost automatically.
