Tracking the Activities of Global Asset Managers in Latin America
Latin American Distribution Dynamics 2015 – Economic Challenges at Home Forcing a Global Investment Approach, highlights the business landscape for global asset managers and ETF sponsors across all of Latin America, with special attention to the distribution opportunities that are opening up in onshore markets.
Most distributors of global fund firms seeking allocations from Itaú have been in contact with Pepper. Her potential replacement is Jeff Lombardi (photo).
Academics María Amparo Cruz-Saco, Juan Mendoza and Bruno Seminario, find three basic errors in the existing models: they criticize the attempt to finance pensions through a tax on workers’ wages in a market where about two-thirds of employment is informal, they find ample evidence that people are saving voluntarily for old age outside of the system, and they argue that existing law is “suffocating” initiative and competition between AFPs.
Latin Asset Management has teamed up with Cerulli Associates to publish its second report of the year, this time a 170-page effort that focuses exclusively on current trends that are driving institutional investor demand for cross-border products in Brazil, Mexico, Chile, Colombia, and Peru. The report, which includes 97 exhibits, was written entirely by Latin Asset Management’s team of regional analysts and is based on field research conducted in the third quarter of 2014. This report is available for purchase by contacting Cerulli Associates directly.
The Cerulli Report: Latin American Distribution Dynamics 2014 is the ninth edition in a series of annual reports focusing on the distribution and product development trends taking place in the major markets of Latin America. Latin Asset Management, a source of most of the data and commentary featured in this edition, is proud to have once again collaborated with Cerulli Associates on the report.
The dominant trend was to increase equity exposure, with mutual funds and ETFs capturing USD 666 million in new investments. Local distributor Compass Group managed to land new investments from AFPs on behalf of two global managers.
SURA has a leading franchise in the mandatory pension fund business. With presence in six markets, a 23% regional market share, a customer base of over 16 million people and USD 113 billion of assets under management is the only mandatory pension fund manager with presence in the region’s top four markets (Mexico, Chile, Colombia and Peru).
The Cerulli Report: Latin American Distribution Dynamics 2013 is the eighth edition in a series of annual reports focusing on the distribution and product development trends taking place in the major markets of Latin America. Latin Asset Management, a source of much of the data and commentary featured in this edition, is proud to have once again collaborated with Cerulli Associates on the report.
