The firm believes there are no long-term fundamentals in favor of developed markets and that a change in asset allocation could take place by mid-year.
Performance Report – Chilean AFP Investments in Cross-Border Funds and ETFs – March 2014
April 2, 2014 by
Excel workbook detailing, over various time periods, returns of each international fund/ETF receiving investments from Chilean AFP. Period ending March, 2014.
Companies mentioned in this report: Aberdeen; Alfred; Berg; AllianceBernstein; Allianz; Ashmore; Aviva; Investors; Axa; BlackRock; BlueBay; BNP; Paribas; BNY; Mellon; AM; BTG; Pactual; Deutsche; Dimensional; DWS; Edmond; de; Rothschild; F&C; Fidelity; Franklin; Templeton; GAM; GLG; Goldman; Sachs; ; Henderson; HSBC; ING; Invesco; Investec; iShares; JP; Morgan; Julius; Baer; LarrainVial; M&G; Matthews; MFS; Morgan; Stanley; Natixis; Oppenheimer; Pictet; PIMCO; Pioneer; Robeco; Schroder; SEB; State; Street; Swiss & Global; Threadneedle; TIAA-CREF; UBS; Van; Eck; Vanguard; Vontobel; WisdomTree.
Performance Report – Mexican Mutual Fund Investments in Cross-Border Funds and ETFs – March 2014
April 2, 2014 by
Excel workbook detailing, over various time periods, returns of each international fund/ETF receiving investments from Mexican Mutual Funds. Period ending March 31, 2014.
Companies mentioned in this report: Aberdeen; BBVA; BlackRock; BNP Paribas; EDM; Fidelity; First Trust; Franklin Templeton; Global X; Henderson; ING; Investec; iShares; JP Morgan; MFS; Morgan Stanley; Oppenheim; Pioneer; PowerShares; Principal; ProShares; Robeco; Santander; Schroders; State Street; Van Eck; Vanguard; WisdomTree.
CCR Monthly Approval Report – March 2014
March 31, 2014 by
A rundown of the financial instruments approved, rejected and affirmed by the Comisión Clasificadora de Riesgo (CCR). Month of March 2014.
Seven mutual funds and two ETFs were added in March to the list of approved instruments to receive investments from Chilean Pension Managers (AFPs). Fidelity led with two fixed income funds plus one thematic equity fund listed, followed by Credit Suisse (one European equity fund and one Convertibles Bond fund) and AXA (one European equity fund).
Brazilian-based Mongeral Aegon announces fund of funds allocating to Transamerica
March 28, 2014 by
The product, denominated Mongeral Aegon Multimercado Investimento no Exterior, will roll its assets into shares of the Aegon Global Fund, a mutual fund managed by Transamerica Asset Management.
Julius Baer acquires majority stake in leading independent Brazilian wealth manager GPS
March 28, 2014 by
Gustavo Raitzin (photo), currently head of Latin America and Israel for Julius Baer, was named chairman-designee of GPS. The wealth manager nearly doubled its assets under management to USD 6.6 billion in three years.
Larrain blames Latam-equity-fund redemptions on market pullback
March 28, 2014 by
The market in general has been looking to boost its exposure to developed countries and Europe, a more likely explanation for the wave of redemptions in the Latam product.
LV Asset Management studying new registrations in Luxembourg
March 24, 2014 by
Along with other Chilean asset managers, Larrain doesn't see the point in doing locally-domiciled fund launches when the end client is a regional institutional investor. Registering in Luxembourg seems to make more sense for the additional doors it opens for smaller managers.
Colombian AFPs directed USD 500 million to cross-border ETFs and funds in January, despite market turmoil
March 24, 2014 by
Colombian AFP pension funds added USD 525 million to their positions in cross-border mutual funds and ETFs in January. Purchases were concentrated in equity-oriented products to the USA. Vanguard, Aberdeen, iShares and MFS were among those who benefited from the new inflows.
League Table – Assets Gathered by Cross-Border Fund Managers and ETFs Sponsors –Colombian Pension Funds – January 2014
March 24, 2014 by
Includes assets gathered by cross-border fund managers and ETFs sponsors in the Colombian pension funds market. Also includes monthly inflows / outflows and market share. Data as January 31, 2014.
Companies mentioned in this report: iShares; Dimensional; Aberdeen; Investec; Franklin Templeton; Morgan Stanley; BlackRock, ING; MFS; Amundi; Fidelity; Matthews Funds; Invesco; JP Morgan; BBH; Deka; AllianceBernstein; LarrainVial; AZ Fund Management; BNY Mellon; BNP Mellon; HSBC; BNP Paribas; Allianz; Lyxor; Protección; Porvenir; Colfondos; Skandia; Horizonte; HSBC; FiduDavivienda; FiduColombia.
