BB Asset's Paulo Manzione says institutional investors remain very cautious regarding allocations to offshore markets.
BB DTVM resets global feeder offering as drop in local yields looms
BB DTVM's Carlos André told Fund Pro Latin America it is readying two products, one of them a feeder fund investing in a cross-border Banco do Brasil multi-manager fund allocating to various global brands, and using a foreign-exchange hedge.
Brazilian government is pushing for a fixed-income ETF; seeks sponsor
Brazil is preparing the launch of the first local fixed-income exchange-traded fund (ETF). The government will select one manager to run the product, which should be launched by the end of the second quarter.
Banco do Brasil, UBS target local pensions in launch of cross-border sustainable fund
"UBS has a strong and long-standing track record in sustainable investing, an area which will only continue to grow in importance," said Marilyn Foglia, head of Latin America for UBS GAM.
Banco do Brasil selects four European experts for new range of global feeders
Carlos Takahashi, CEO of BB DTVM, said the Brazilian asset management giant plans to offer the products to a cross-section of domestic investors, from pensions to individuals, thanks to recent rule changes in the domestic market.