“The survey clearly shows that Latin Americans are strongly motivated to be successful savers and investors, yet have fallen behind in some key planning areas, especially retirement,” said Armando Senra, head of BlackRock's Latin America and Iberia region.
BlackRock: Latin Americans recognize demands of retirement, but have set aside very little
December 5, 2014 by
Cristóbal Monje, ex BlackRock exec, joins Fidelity in Chile
November 19, 2014 by
Monje is one of the first hires following Fidelity's touchdown in Santiago, from where it will be seeking to widen the scope of its institutional business in the region.
Consar greenlights funding of USD 400 million Banamex mandate with Pioneer
September 23, 2014 by
The president of the Consar, Carlos Ramírez Fuentes (photo), told Fund Pro Latin America that the agency believes mandates are quite important vehicles at the disposal of Afores, but acknowledged that the approval processes need to be sped up.
XXI Banorte faces challenge managing Mexico’s largest institutional portfolio
July 24, 2014 by
Mexico's largest pension manager says it will use its entire 20% international allocation to gain exposure to foreign equities, in part via ETFs and in part via mandates.
First XXI Banorte mandate to be funded in November; more to follow
July 16, 2014 by
Mexico's largest pension fund has a short list of four managers ready for a second mandate, this time in commodities. In this article, CIO Ignacio Saldaña (photo) reveals how many more mandates the firm has lined up, as well as the percentage of total AUM it plans to allocate to global managers.
BlackRock to offer S&P 500 ETF in Brazil
May 5, 2014 by
US ETF issuers, including ProShares, Invesco Power Shares, Vanguard and State Street, have turned increasingly to Latin America as an important avenue for asset gathering, particularly from institutional investors.
Banamex funds European mandate to Schroders; Pioneer next in line
April 10, 2014 by
Banamex's second separate-account mandate was awarded to Schroders, BlackRock, BNP Paribas, Pioneer Investments and Franklin Templeton. The other firms have not received funding to date, but funding to Pioneer is said to be next and is pending regulatory approval. Schroder is now managing USD 900 million from Afore Banamex.
BBVA Bancomer: Private banking of the future goes beyond the financial
February 25, 2014 by
BBVA Bancomer wants to "bring the world to Mexico” through products that offer geographical and sectoral diversification backed by expert advice. BBVA Bancomer offers funds advised by global firms such as BlackRock and Franklin Templeton.
Another mandate from Banamex, this time for USD 1 billion
February 18, 2014 by
As the size of pension-fund mandates grows and the pace of announcements picks up, Mexico is quickly garnering the attention of global asset managers looking for the next-best market after Chile. Banamex said it would spread this latest mandate among five distinct global players - all of which have boots on the ground in the country.
Brazilian pension funds make initial global fund investments
February 18, 2014 by
BlackRock and JP Morgan Asset Management are the sponsors of the underlying cross-border funds being used by Banco do Brasil to introduce Brazilian pension funds to international markets, albeit in very small doses. Brazil's largest corporate pension fund, the Previ, was one of the initial buyers.
