Consar has defined the parameters and clarified the rules. Hugo Petricioli of Franklin Templeton and Sergio Mendez of Afore XXI believe the roles of valuers and custodians will be defined as the Afores start the mandates processes.
Itaú keen on additional Latin American expansion
November 13, 2013 by
Roberto Setúbal, Itaú's President, said the second-largest Brazilian bank is keen on growing its business in Chile and in other Latin American countries and is considering acquisitions.
AFP Habitat leads Fund Pro ranking for third year in a row
November 18, 2013 by
In an exclusive interview, Alejandro Bezanilla, investment manager, explains the investment process and risk management of the AFP’s portfolios. Selectivity in selection of managers of international funds and liquidity for meeting transfers are key factors.
MBI prepares Latin American fund and will register its private funds
October 10, 2013 by
The manager, which has USD 1.2 billion in AUMs from non-institutional high net-worth clients, rules out for now entering the local mutual fund business and institutional distribution of foreign funds.
Flexibility and adaptability are Schroders’ keys for achieving the first Afore funding
September 22, 2013 by
Alberto Delezé, head of distribution, said the potential market for mandates is brutally big and very interesting for any manager. It should eventually result in a more open investment regime and further easing of regulations.
The process of setting up a mandate will be more flexible
September 19, 2013 by
Consar President Carlos Ramírez said that in the future not only will it take less time to set up new mandates, but there will be more interest in using them from other Afores. No progress on mutual funds.
BNP Paribas launches local custody in Colombia
September 19, 2013 by
The move allows BNP Paribas to provide post-trade services to international banks and investors wishing to invest in Colombia, while supporting the international expansion of banks, brokers and institutional investors based in Colombia and other Latin American countries.
United States Commodity Funds lists products on Mexican stock exchange
August 30, 2013 by
The ETPs available on the BMV are United States Oil Fund, United States Natural Gas Fund, United States 12 Month Oil Fund, United States Gasoline Fund and The United States Commodity Index Fund.
SVS simplifies sale of foreign funds to individual investors
August 27, 2013 by
The funds will no longer need to be registered with the Foreign Securities Register since agreements between the Chilean regulator and the foreign markets will be recognized.
Afore Banamex funds its first mandate with Schroders
August 27, 2013 by
After a procedure lasting two years, the British firm received USD200 million for investment in global equities. Javier Orvañanos, investment manager at Afore Banamex, said funding new mandates should not take more than a month in future.
