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.