The pricing source of the iShares Silver Trust (SLV), which aims to replicate the performance of the price of silver, was changed Aug. 15 to the “London Silver Price,” and will be administered by CME Group Inc. and Thomson Reuters. The ETF is popular among Latin institutions.
Deutsche retires DWS brand in Americas, renames retail product suite
The change affects all open-end funds, closed-end funds, the variable insurance portfolios, and exchange-traded funds.
JP Morgan institutional head charts diversification strategy by country and client
Juan Pablo Soffia told Fund Pro Latin America that the firm seeks to replicate its results with Chilean pension funds in Peru and Colombia, while also expanding the client base to other institutions, such as mutual fund managers and private banks in the three countries.
Legg Mason announces deal for Martin Currie
The addition of Martin Currie is designed to expand Legg Mason’s capabilities in active equities, with the inclusion of the firm’s global equity, global emerging markets, Asian equity, European equity, Japan and China equity funds.
Latin American Pension Fund Investments in Cross-Border Securities – May 2014
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 2009 through 2013, and as of May 31, 2014.
Deutsche A&WM hires Wilczewski to lead institutional coverage in the Americas
Wilczewski will focus on serving institutional investors, overseeing client coverage and distribution in the Americas. He was most recently head of advisory solutions at AON Hewitt.
PineBridge strengthens team in Santiago with new hire
With the new addition of Adrien Grynblat, PineBridge hopes to develop its presence in the region, in the distribution of mutual funds and alternative investments.
Sweigart tapped to lead Threadneedle’s and Columbia’s institutional expansion in Latin America
Joseph Sweigart (photo), who comandeered JP Morgan Asset Management's successful incursion into Latin America in the 2000s, has been named senior institutional sales director of Columbia Mananagement and Threadneedle Investments, which are both units of US-based Ameriprise Financial.
Franklin Templeton soft-closes EUR 3 billion European Growth fund
The firm said it was taking a prudent step to slow the growth of assets in this strategy, to "protect the integrity of our investment approach and our ability to add value for our shareholders."