The transaction will allow Amundi to strengthen its presence in the US via a larger US investment and distribution platform, said Valérie Baudson, Chief Executive Officer of Amundi.
Amundi splits its institutional and retail distribution channels
Representative office in Chile will keep only institutional clients.
Amundi is closely watching changes in pension systems in Latam
Amundi's Gustavo Lozano said pensions have reached a certain stabilization, "although we will still have to be wary with respect to...the socio-political situation."
BBVA leverages ESG expertise in ETF redesign; plans megatrend-fund launch
BBVA AM is looking to launch a megatrend fund focused on environmental, demographic and technology themes, says CEO Jaime Lazaro.
Santander AM Mexico prepares the launch of another global fund
Javier Alamillo told Fund Pro Latin America that the Mexican asset manager will launch a new multi-thematic fund after the launch of its latest global ESG product with Robeco.
Consar will soon be in charge of cross-border-fund approvals, replacing the Amafore
The Amafore’s vice-president, Alvaro Melendez, says he expects the change to occur toward the end of July or beginning of August 2021.
Global managers gain access to Latam markets via new Santander FOF launches
The Spanish firm is launching UCITS FoFs with Amundi, Morgan Stanley, Robeco, JPMorgan and PIMCO. The products will be distributed in Latin America either directly or via locally domiciled feeders.
AFPs favor Asian equity and emerging-markets debt as markets recover
AFPs injected USD 760 million into emerging-markets bonds and USD 743 million into Asian equity in February, as total cross-border allocations passed the USD 80 billion mark.
Miguel Varas joins Amundi’s Latin American team
The former AFP Provida executive will take on a client segment made up of central banks and sovereign funds, while also working to strengthen already-established distribution ties with regional AFPs.