The heads of the ETF business at JP Morgan, BlackRock and Global X boasted about the positive outlook for so-called "BDRs of ETFs" in Brazil.
ETF BDRs gain early traction in race for Brazilian pension allocations
Paula Salamonde, director at BlackRock in Brazil, told Fund Pro Latin America that local pension funds are latching on to the firm's offering of ETF BDRs to build out their internationalization strategies.
BlackRock strengthens retail offering in Mexico as small investors embrace funds
Sergio Mendez, BlackRock´s country manager for Mexico, sees large untapped potential in the Mexican retail market.
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.
ESG funds in Mexico present an opportunity for international asset managers
Santander CEO Jesús Mendoza del Río wants to list a global equities version of Mexico's premier ESG fund, a local equity product which launched last summer.
BlackRock hires Paula Salamonde to lead Brazilian ETF biz
Paula Salamonde, who worked at MSCI for 21 years until her departure in 2019, joined BlackRock’s São Paulo office in April.
Sura in Chile expands alliances with local and international fund firms
Following its open architecture philosophy, Sura has inked deals in 2021 with Morgan Stanley, Toesca, Sartor, and Ameris Capital to bring new options to clients, says Renzo Vercelli.
BlackRock makes new push into tepid Brazil ETF market
The firm will offer iShares through Brazilian depositary receipts, or BDRs, listed on the B3 exchange.
BlackRock sees AFPs increasing their use of fixed-income ETFs
Fixed-income ETF trading volume spiked by a factor of four or five during the onset of the pandemic, said Benjamín Souza, director and fixed income strategist for Latin America at BlackRock.