With USD 184 billion in alternatives AUM, BlackRock aims to bring a local focus to alternatives offerings in Latin America, positioning itself as a provider of solutions for a growing number of clients, says New York-based Roque Calleja.
Colombian AFPs shifting ETF exposure to UCITS
BlackRock's Diego Mora confirmed that the AFPs are moving to these vehicles because of their tax efficiency and a host of other characteristics.
Younger Colombian AFP affiliates move into more age-appropriate investment vehicles, spurring equity demand
BlackRock's Diego Mora viewed the government's rule change with optimism, noting that AFP demand for internationally diversified products like ETFs will increase.
Colombian AFPs favor emerging-markets equities in choppy market
Led by iShares MSCI Emerging Markets ETF, the emerging-markets-equity category attracted USD 140 million from AFPs in an otherwise poor December for cross-border firms.
BlackRock: Global institutions shifting from public to private risk
“As the economic cycle turns, we believe that private markets can help clients navigate this more challenging environment,” said BlackRock's Edwin Conway.
Envestnet and BlackRock partner to enhance the financial advisor experience
“As wealth managers shift to fee-based advisory relationships, they are asking for new technologies to help them scale their business and build better portfolios,” said Venu Krishnamurthy, global head of Digital Wealth for BlackRock.
Banorte sees BlackRock as source for positive change
Banorte's Alejandro Aguilar Ceballos, considers BlackRock’s arrival to the Mexican retail market as an opportunity for the industry to maintain its growth rate: "It will make us all go into training to be able to compete."
BlackRock presents its USD 160 billion alternatives platform to Latam market
During a visit in Santiago, Manuel Gutierrez-Mellado, alternative product strategist at BlackRock, noted that Latam institutionals have a global bias when investing in private capital and credit, and a local bias for infrastructure.
BlackRock takes control of Citibanamex’s asset-management unit
Armando Senra, head of the Latin America & Iberia region for BlackRock, termed the transaction "transformative for BlackRock and the asset management industry in Mexico and the region."
Eighteen private-equity firms have registered funds for sale to AFPs
So far, registration in the CCR is led by private-equity fund sponsor, with 18 listed firms. Private debt and real estate follow far behind.