Of interest to market observers is how Santander Asset Management's Latin American fund operations will be impacted, considering that these units are attached at the hip to their related retail banking operations, on which the asset manager depends for distribution.
Santander Asset Management will be known as Pioneer Investments after pending merger
BofA Merrill Lynch survey finds concerns of overvaluation in both equity and bond markets
The proportion of global investors saying equity markets are overvalued has reached its highest level since 2000. A net 25 percent of respondents to the global survey say that global equities are currently overvalued, up from a net 23% in March and a net 8% in February. This is still, however, short of the record-high level of a net 42% in 1999.
Van Eck sees technology driving big Industry changes
“We’re seeing a sea change not only in the way investment management services are being delivered to clients, but also in the way investors are sourcing and vetting investment ideas,” said Jan van Eck, CEO of Van Eck Global.
Paulo Sampaio named head of Latin America-Southern Cone for S&P DJI
Mr. Sampaio will be based out of S&P DJI’s newly opened office in Sao Paolo, Brazil.
A second ex-Sura CIO lands at HMC Itajubá
Mogrovejo is the second former CIO of a regional Sura-owned pension fund to join HMC Itajubá in the last 24 months. The first was Daniel Dancourt, previously CIO of Integra in Peru. Together, they managed approximately USD 50 billion in Sura pension AUM.
A MILA fund platform? Chilean execs don’t see it working
Initiative of the Mutual Fund Association seems like more of a political announcement than a project with a real future, sources told Fund Pro Latin America.
HMC Itajubá to lead Bradesco’s Lux-fund distribution in Latin American markets
Bradesco's objective for Latin America is to use HMC Itajubá for distribution of the funds in almost all countries. said Luiz Osório Leão Filho, international business development manager at BRAM.
Fidelity asks: Are today’s emerging affluent investors millionaires in the making?
Fidelity Investments released results of its 7th Millionaire Outlook, which shows that emerging affluent investors are well positioned to attain – or even exceed – millionaire status. Most importantly, while these investors look very different than today’s millionaires, with more than two-thirds female and one-quarter non-white, they demonstrate many similar attitudes and behaviors.