“At the heart of BlackRock is a culture that embraces change and turns it into opportunity,” said CEO Larry Fink. “We are constantly anticipating how macro trends will reshape both our industry and our clients’ needs; we then pivot accordingly."
XXI Banorte quickly funds Pan-Asian mandate with USD 850 million in disbursements
March 13, 2017 by
The latest implementation of XXI Banorte's international diversification strategy, led by CIO Sergio Mendez, has been entrusted to JP Morgan, Investec, BlackRock and Pioneer Investments. The process took just four months.
Afore Sura funds its first international mandate for USD 150 million
March 1, 2017 by
Afore Sura has given the green light to its diversification strategy in international investments, funding a global equity mandate valued at USD 150 million. Two more mandates for a total of USD 350 million are awaiting a final go-ahead.
Afore Sura and BlackRock agree to swap USD 200 million mandate for advisory agreement
February 20, 2017 by
Since investing the mandated assets in iShares global-equity ETFs would mean paying a double fees to BlackRock, Afore Sura has modified its mandate with the global firm to a no-cost advisory agreement.
Brazilian government is pushing for a fixed-income ETF; seeks sponsor
February 20, 2017 by
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.
BlackRock Study: Institutional investors to put cash to work in 2017
February 3, 2017 by
"Reflation is set to take root this year and could well be the final prompt that institutions have needed to rethink their cash allocations and views on risk," said Edwin Conway, global head of the institutional client business at BlackRock.
XXI Banorte plans early 2017 RFP
December 9, 2016 by
XXI is the most active Afore in terms of international mandates, having announced a USD 150 million mandate with Pioneer, new disbursements in its European mandate with BlackRock and Schroders, and, according to CIO Sergio Méndez, an upcoming RFP in early 2017.
BlackRock adds regional director to oversee Chile, Peru and Uruguay
November 29, 2016 by
Andrés de Goyeneche joins BlackRock after having led Deutsche Bank Chile as its general manager. He now forms part of a Latin American and Iberian team that includes 130 investment professionals, of which 13 are based in Chile, Perú and Uruguay.
Fidelity to offer iShares Core ETFs commission-free to advisors and investors
October 24, 2016 by
In announcing a price cut on iShares Core ETFs, Fidelity's Ram Subramaniam said: “We want customers to receive the best value, whether that means offering a Fidelity solution or one from a third-party leader."
BlackRock uses DOL fiduciary rule to promote iShares in advisory channel
October 24, 2016 by
"We aim to set a new market convention for core investing and long-term investors,” said Mark Wiedman, global head of iShares. Fees on its growing US iShares Core ETFs have been slashed.
