Tracking the Activities of Global Asset Managers in Latin America
Excel workbook detailing, over various time periods, mutual fund industry asset growth by managers. Data as of June 30, 2016.
Companies mentioned in this report: Pellegrini; Galicia Adm. De Fondo; Schroders; Banco do Brasil; Itaú Unibanco; Bradesco; Banchile; Santander; BCI; BBVA Bancomer; Banamex; Credicorp Capital; BBVA Fondos; Scotia Perú; Interfondo; Bancolombia; Bogotá and others.
The acquisition of Emerging Global Advisors adds over USD 900 million across a suite of nine emerging-markets-equity ETFs. The ETFs "enhance and complement our actively managed investment capabilities and bring our expertise to a broader set of investors,” said Columbia Threadneedle's Ted Truscott.
Garcia-Romero joins Citi from JP Morgan Private Bank, where she served as the market manager and investment team leader for the Andes, Central America and Caribbean region.
Chart comparing levels of pension fund system investments in international mutual funds and other international securities. Data from Chile, Colombia, Mexico and Peru. Data broken out by instrument, Year-end totals from December 2011 through 2015, and as of June 30, 2016.
This latest effort from Latin Asset Management and Cerulli Associates is the most wide-ranging yet focused report on Latin American domestic markets (mutual funds and pension funds) available in the market. It provides an in-depth look at demand for cross-border funds and ETFs and market-entry opportunities for global firms.
Sura's Juan David Perdomo said the Chile-domiciled fund will invest in government and corporate bonds throughout Chile, Mexico, Colombia and Peru. Mirror versions of the fund are expected in other jurisdictions.
“We have entered a ‘referral economy’ – where we, as consumers, thrive on sharing the people and things we value with those in our social and professional networks,” says Fidelity's Bob Oros.
Andrés De Goyeneche was named regional director for Chile, Peru and Uruguay, while Mauricio Perez Lavin was tapped to lead the product division for institutional clients in Chile.
"Across party lines, investors see the economy as the biggest issue in the election, outranking concerns like healthcare, national security and foreign policy," said UBS's Paula Polito.
Mike Perry, head of alternative investments for Nuveen, said the firm is committed to helping clients build out this important component of their portfolios.
