With this strategic move, Vinci will expand its geographic footprint across eight countries, establishing a leading pan-regional platform with over USD 50 billion in assets under management.
Tracking the Activities of Global Asset Managers in Latin America
With this strategic move, Vinci will expand its geographic footprint across eight countries, establishing a leading pan-regional platform with over USD 50 billion in assets under management.
The Investec GSF Mexican Equity fund was launched as Luxembourg-domiciled fund in February 2014 using the expertise of Latin American investment specialist Compass Group and its CIO Luis Yance, Citywire reported.
Open architecture allows newly branded Scotia Wealth Management to offer the best solutions to its affluent Mexican clients, said VP Jaime Montemayor.
Compass is the leader in third-party distribution to institutional clients in the region, with more than USD 12.7 billion raised for the seven international firms: Vanguard, PIMCO, Investec, Eastspring, Nomura, UBS and Wisdom Tree.
In the last quarter of 2014 these two managers suffered the worst falls in AUMs amid a period of great growth for many of their peers.
In an interview with Latin Asset Management, José Ignacio Armedariz and Luis Palacio said they will be very active in the next two years offering Afores new alternatives to benefit the pension managers' international portfolios.
Chilean and Peruvian pension funds currently hold investments in funds of this global asset manager.
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