Chart comparing mutual fund sector asset growth over the last 1, 3, 6 and 12 months. Period ending July 31, 2013.
Brazilian Mutual Fund Sector Asset under Management over Last 1, 3, 6, and 12 Months – August 2013
USD2 billion pension portfolio in Latam whets appetite of Itaú AGF
The local manager of the Brazilian group has just registered a mutual fund with the Risk Rating Commission and hopes to attract investments from pension funds.
Itaú will not be the only AGF with ETFs based on the IPSA or IGPA indexes
The exclusive agreement with the Santiago Stock Exchange relates to commercial use of the brands but does not limit their replication by other managers.
Foreign managers do not fear competition from local mutual funds
The Pensions Superintendency established procedures for accounting for shares which allow AFPs to use local mutual funds to invest offshore.
Still unclear how the Afores will invest in mutual funds
Despite the new memorandum issued by the Consar, Afores and fund managers are still not sure how mutual funds can be included in investment portfolios. Investments will not be allowed in local funds, only international.
MBI prepares Latin American fund and will register its private funds
The manager, which has USD 1.2 billion in AUMs from non-institutional high net-worth clients, rules out for now entering the local mutual fund business and institutional distribution of foreign funds.
SVS simplifies sale of foreign funds to individual investors
The funds will no longer need to be registered with the Foreign Securities Register since agreements between the Chilean regulator and the foreign markets will be recognized.
Chilean financial institutions ready to adopt FATCA standard
The various industries involved and their partners are finalizing operational details for filing the information requested by the United States while waiting for the intergovernmental agreement.
Sura to distribute 66 BlackRock funds to non-institutional clients
The partnership will strengthen its open architecture model for fund sales. The U.S. firm is also pinning its hopes on potential growth in the retail segment.
Bice Inversiones launches international fund with tax break
The Bice EE.UU mutual fund will trade on the stock exchange giving participants tax-free gains.



