BB Asset's Paulo Manzione says institutional investors remain very cautious regarding allocations to offshore markets.
Brazilian funds with cross-border strategies hit with USD 3.8b in 1Q withdrawals
“This move was expected and totally understandable," says Frederico Monteiro, head of offshore fund management at BB DTVM.
Investment abroad slowed in 3Q 2021, but managers are still high on Brazil
"Throughout 2021, we have observed a significant increase in the demand for investment funds abroad," says Renata Cypreste, commercial head of BB DTVM
Brazilian managers selling cross-border vehicles to pensions of government workers
BB DTVM has partnerships with global managers such as Nordea, Schroders, Aberdeen and BlackRock, said Aroldo Medeiros, director at BB DTVM.
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.
Stronger Real spurs selloff of international funds in Brazil
BB DTVM's major partners are BlackRock, Nordea, JP Morgan and Schroders, who represent more than 70% of total AUM of its international products, said Ricardo Forni, product manager.
Templeton and Brazilian insurer SulAmerica ink partnership, launch global fund
Franklin, which is headed in Brazil by Marcus Vinicius Goncalves (photo), was the last firm standing following a lengthy selection process that initially involved 40 managers, which was itself followed by a qualitative analysis with six finalists.