Rodrigo Borges will serve as Franklin's head of Brazilian fixed income within its regional subsidiary and assume a lead role in managing the Luxembourg-domiciled Franklin Brazil Opportunities Fund.
Templeton launches cross-border fixed-income fund to attract Brazilian pensions
The fund aims to bring the excess return relative to the alpha generated in international markets and translate it into Reais. "The goal is that the fund generate returns of CDI plus 5.5% or 6%," explained Marcus Vinicius Goncalves (picture), representative of Franklin Templeton in Brazil.
Consar greenlights funding of USD 400 million Banamex mandate with Pioneer
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.
Franklin Templeton soft-closes EUR 3 billion European Growth fund
The firm said it was taking a prudent step to slow the growth of assets in this strategy, to "protect the integrity of our investment approach and our ability to add value for our shareholders."
As assets swell, global managers may reconsider Chilean distribution strategies
After reaching a certain level of sales, some foreign firms have recognized the need to formalize their local presence. But many still remain faithful to multi-brand distribution. This article takes a fresh look at the pros and cons of the schemes currently in place in Chile.
Banamex funds European mandate to Schroders; Pioneer next in line
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
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.
League Table – Assets Gathered by Cross-Border Fund Managers – Latin American Institutional Market – June 2013
Includes assets gathered by cross-border fund managers in the following markets: Chilean pension funds (AFPs), mutual funds (AGFs) and life insurers, Colombian pension funds (AFPs), Mexican pension funds (Afores) and mutual funds (OFIs) and Peruvian pension funds (AFPs). Period: Six months ending June 30, 2013.
BBVA Bancomer and Franklin Templeton join forces in an emerging equity fund
The product is for clients in private asset management, operated by BBVA Bancomer. Franklin Templeton will act as advisor on portfolio management. The target is to reach USD100 million in assets.
Heyman y Asociados joins forces with Franklin Templeton in Mexico
The Heyman team will provide investment management services through Franklin Templeton Servicios de Asesoría Mexico, a new institutional investment management subsidiary, of which Timothy Heyman will become CEO.