Regional Pension Fund Managers Industry Statistics – September 2015

Excel workbook detailing, over various time periods, pension fund industry asset growth by managers. Data as of September 30, 2015.

Companies mentioned in this report: Provida; Habitat; Capital; Cuprum; Planvital; Modelo; Porvenir; Protección; Colfondos; Old Mutuial; XXI Banorte; Banamex; Sura; Profuturo GNP; Principal; Invercap; Inbursa; PensionISSSTE; Coppel; Metlife; Azteca; Bancomer; HSBC; Scotia; Integra; Prima; Profuturo; Habitat; Profuturo; Progreso; BPDC; BN; BCR; BAC; VIDA PLENA; CCSS; Popular; Scotiabank; BHD; BanReservas; Romana; Republica; Sura; Itaú Unibanco; Bandes

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League Table – Assets Gathered by Latin American Pension Fund Managers – September 2015

This league table provides a ranking of Latin American Pension Fund Managers, domiciled in Chile, Colombia, Costa Rica, Dominican Republic, Mexico, Panama, Peru and Uruguay by AUM. It also includes annual growth/loss and percentage change. Data as of September 30, 2015.

Companies mentioned in this report: Sura; Metlife; Principal; Habitat; Banorte; Grupo Aval; Banamex; Scotiabank; Profuturo GNP; BCP; Invercap; PensionISSSTE; Inbursa; Coppel; Banco República; Planvital; Skandia; BPDC; Modelo; Itaú Unibanco; Banco Popular; Banco Azteca; Banco Nacional; BCR; BHD; Bandes; Vida Plena; BanReservas; BAC; CCSS-OPC; Banco General; BanVivienda; Romana.

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Esteves arrest could be final nail in coffin of BTG’s Chilean fund distribution business

BTG, already faced with the desertion of three international fund managers over the span of a year, as well as two key executives, will now face scrutiny from its remaining global clients over the corruption-related arrest of its CEO in Brazil.

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BofA Merrill: Investors regained risk appetite in October

With growth and inflation expectations notably higher after new US payroll data, investors have cut cash holdings and increased exposure to equities, real estate and alternative investments. Confidence in the global economy also rebounded, up 22 percentage points from October.

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Credit Suisse appoints new LatAm wealth management head

In October, Credit Suisse announced it would close its domestic US private bank as part of wider plans to slim down the business and increase their presence in markets like Latin America and Asia. The Latin American unit will be led by Ignacio Martos.

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League Table – Assets Gathered by Latin American Mutual Fund Managers – September 2015

This league table provides a ranking of Latin American Mutual Fund Managers, domiciled in Argentina, Brazil, Chile, Colombia, Mexico and Peru, by AUM. It also includes annual growth/loss and percentage change . Data as of September 30, 2015.

Companies mentioned in this report: Banco do Brasil; Itaú; Bradesco; Caixa Econômica Federal; Santander; BTG Pactual; HSBC; Citigroup; BBVA; Credit Suisse; Safra Asset Mgt.; Votorantim; JP Morgan; Legg Mason; BNY Mellon AM; Grupo Sura; Banchile; BNP Paribas; Scotia; Banorte - Ixe; Inbursa; Vinci Partners; Opportunity; Sul America Investimentos; Actinver; Intrag; BRL Trust; Bci; BCP; Quantitas; Morgan Stanley; BW; GPS - CFO; JGP; Icatu; SPX; Porto Seguro; Pátria; GBM; Integral Investimentos; GAP Prudential; Banrisul; Plural Capital; Principal; Grupo Aval; Security; Mapfre; Riviera; LarrainVial; Bice; Oliveira Trust ; BancoEstado; Alfa; Nafinsa; Pragma; Davivienda; BNB; Dynamo; Kinea; Kondor; Planner; Modal; Merrill Lynch; Schroders; Petra; Geracao Futuro; Solidus; Alianza; Everest; Reliance; Interacciones; CorpBanca; Consenso; Ibiuna; Global Equity / Global Capital; Banco Clássico; UBS; Peninsula; Fator; Franklin Templeton; Gerval; Phronesis Investimentos; Polo Capital; BBM; Ventor; Valmex; Vector; Mercatto; Claritas; Pellegrini; BRZ; Perfin; Ipanema; Advisor; Fiducor; Quest; Galicia Adm. de Fondos; Squadra Investimentos; Tarpon; Lorinvest.

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Chilean AFP portfolios reflect optimism on Europe and Japan

The AFPs made new investments worth USD 1.8 billion into European equity and USD 966 million to Japanese equity in the August-October period. The shift has helped move funds from Julius Baer, Henderson and Deutsche into the top-10 list of Chilean AFP holdings.

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Rumors swirl in Chile over possible Aberdeen-BTG breakup

As BTG attempts to rebuild its global-fund distribution team, it faces the defection of not only Columbia Threadneedle but also Aberdeen, which at one time had gathered nearly USD 6 billion from Chilean AFPs.

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Azimut sets up Chilean distribution arm backed by European fund offering

Azimut, headed by Alejandro Citterio in Chile, arrives precisely at a time when institutionals are increasing their positions in Europe and looking for opportunities in different sectors and asset classes. A look at AZ Andes' Latin American distribution strategy.

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BlackRock lowers fees, broadens range of iShares Core suite

Ruth Weiss, head of the US iShares product team at BlackRock said the enhancements will provide investors with broader and more diversified exposures at competitive prices. Expense ratios have been reduced to as little as 0.03%.

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