Brazilian Mutual Fund Managers Industry Statistics – November 2015

Excel workbook detailing, over various time periods, mutual fund industry asset growth by managers. Data as of November 30, 2015.

Companies mentioned in this report: Banco do Brasil, Itaú Unibanco, Bradesco, Caixa Econômica Federal, Santander Brasil, BTG Pactual, HSBC, Credit Suisse, J Safra Asset Mgt., Votorantim, Legg Mason, BNY Mellon Asset Mgt., Funcef, JP Morgan, BNP Paribas, Fundacao Cesp, Citigroup, Vinci Partners, Opportunity, Sul America Investimentos, Intrag, BRL Trust, Quantitas, Real Grandeza, Morgan Stanley, BW, GPS - CFO, JGP, Icatu, SPX, Gávea, Fundacao Sistel, Porto Seguro, Pátria, Pessoas fisicas Fundacao, Integral Investimentos, GAP Prudential, Banrisul, Plural Capital, Vale do Rio Doce Fundacao, Fapes Fundacao, Mapfre, Riviera, Oliveira Trust, Alfa, Brasilprev Seguros, Pragma, BNB, Dynamo, Kinea, and others.

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Brazilian Mutual Fund Manager Net New Investments (NNI) Report – November 2015

Excel workbook detailing net new investments (NNI) of all locally registered Brazilian mutual managers. Includes monthly NNI data, 30-day % change, month-end assets and market share by managers. Data as of November 30, 2015.

Companies mentioned in this report: Banco do Brasil, Itaú Unibanco, Bradesco, Caixa Econômica Federal, Santander Brasil, BTG Pactual, HSBC, Credit Suisse, J Safra Asset Mgt., Votorantim, Legg Mason, BNY Mellon Asset Mgt., Funcef, JP Morgan, BNP Paribas, Fundacao Cesp, Citigroup, Vinci Partners, Opportunity, Sul America Investimentos, Intrag, BRL Trust, Quantitas, Real Grandeza, Morgan Stanley, BW, GPS - CFO, JGP, Icatu, SPX, Gávea, Fundacao Sistel, Porto Seguro, Pátria, Pessoas fisicas Fundacao, Integral Investimentos, GAP Prudential, Banrisul, Plural Capital, Vale do Rio Doce Fundacao, Fapes Fundacao, Mapfre, Riviera, Oliveira Trust, Alfa, Brasilprev Seguros, Pragma, BNB, Dynamo, Kinea, and others.

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Brazil’s fund industry suffers worst contraction since 2008

As a result, year-to-date net new investment fell to BRL 7.9 billion, the lowest 11-month level since 2008, despite record net flows of BRL 32.6 billion (USD 8 billion) into retirement funds for the year.

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ANBIMA recategorizes Brazilian funds based partially on new CVM classification

Funds will be classified on three levels, using first the classification established by the CVM, followed by their management style, asset-allocation and risk factors, and finally additional details of their investment strategies.

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Brazilian pension execs visit London to discuss global investing with three top managers

Columbia Threadneedle, Aberdeen and Investec hosted a delegation of seven Brazilian pension fund officials as part of a week-long seminar. "With Brazil experiencing a sharp slowdown, it has become clear that there is a need to diversify away from the local market," said Joseph Sweigart, senior institutional sales director at Columbia Threadneedle.

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Retirement funds in Brazil empowered to invest more in equity, infrastructure and foreign instruments

Resolution 4444 gives the USD 170 billion open pension system in Brazil some needed flexibility, and aligns the industry more closely with the investment regime of corporate pension plans. "In general, this is very positive," said Marcelo Mello, vice-president at SulAmérica Investimentos.

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Columbia Threadneedle teams with institutional heavyweight Rio Bravo in Brazil

Columbia Threadneedle’s Joseph Sweigart said his firm is teaming with independent manager Rio Bravo Investimentos to launch a Brazilian-domiciled European-equity fund targeting Brazil’s corporate-pension market.

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Mirae’s Brazilian arm to launch local feeder investing in Asia ex-Japan

Jorge Sierra, director at Mirae Asset in Brazil, said the Korean firm will attack both institutional and individual investors with the launch. The local feeder invests in the USD 700 million Mirae Asia Great Consumer fund, whose benchmark is the MSCI Asia Ex-Japan index.

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Brazilian platforms add cross-border funds in wake of rule changes, difficult economy

Gustavo Pires, commercial manager at fund platform XP, estimated that, with new rules lowering the minimum investment on global funds, the potential audience for global feeder funds is likely to expand 50-fold in Brazil.

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Nestle pension fund selects JPM, Allianz and Schroders for initial cross-border allocation

Alessandra Cardoso, investment manager of Nestle's pension fund, the Funepp, said the fund will be splitting 50-50 its equity portfolio between domestic and cross-border risk.

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