Itaú will retain a roughly 5% stake in XP following the spinoff, although the bank has signaled it may sell that remaining stake to monetize part of its investment.
With Europe back in vogue, Eurizon takes aim at AFP market
June 17, 2014 by
The group has registered three new funds with the CCR in Chile which will also be offered in Peru and Colombia.
Susep green lights insurance permit for BTG Pactual
May 23, 2014 by
The unit, to be named BTG Pactual Vida e Previdência, will have capital of BRL 30 million (USD 13.6 million) and be authorized to sell and structure life insurance and retirement products.
Pimco may have opening selling Irish-domiciled fixed-income ETFs to Chilean AFPs
May 20, 2014 by
The AFPs have shunned fixed-income ETFs to date because most are domiciled in the US and subject to withholding tax.
Six WisdomTree ETFs get CONSAR approval
April 14, 2014 by
According to Latin Asset Management estimates, Mexican Pension Managers (Afores) have around USD 12 billion invested in cross-border ETFs listed on the Mexican Stock Exchange (BMV).
