The heads of the ETF business at JP Morgan, BlackRock and Global X boasted about the positive outlook for so-called "BDRs of ETFs" in Brazil.
ETF BDRs gain early traction in race for Brazilian pension allocations
Paula Salamonde, director at BlackRock in Brazil, told Fund Pro Latin America that local pension funds are latching on to the firm's offering of ETF BDRs to build out their internationalization strategies.
BlackRock makes new push into tepid Brazil ETF market
The firm will offer iShares through Brazilian depositary receipts, or BDRs, listed on the B3 exchange.
Colombian AFPs boosted cross-border equity positions in August
The AFPs finished August with USD 16.4 billion invested in cross-border funds and ETFs. They increased their total equity exposure by USD 320 million during the month.
Colombian AFPs sold equity funds and ETFs in February, despite rally in global stocks
The AFPs finished February with USD 16.6 billion invested in cross-border funds and ETFs, 95% of which was in equities. Many had adopted a wait-and-see posture, or were selling into rallies.
Chilean AFPs funneled USD 783 million to cross-border funds and ETFs in March
The AFPs finished the month with USD 81.3 billion invested in cross-border funds and ETFs, 70.5% of which was in equities, as they sought better returns.