"We’re seeing growing interest from clients for cost-efficient fixed-income strategies which sit within the benefit-rich ETF vehicle," said JPM Mexico's Juan Pablo Medina-Mora.
JP Morgan AM expands ETF offering for local Mexican investors
JPM's Juan Pablo Medina-Mora says the BetaBuilders US equity ETF offers local investors and asset allocators more efficient access to the US market.
Colombian AFPs went longer on emerging-markets equity in March
The AFPs yanked USD 61 million from cross-border funds and ETFs in March 2019, but shoveled USD 447 million into a single Vanguard ETF, raising the firm’s total Colombian AUM to USD 2.5 billion.
JP Morgan is latest to list ETFs in Mexico
ETFs from global firms have flooded the market, providing investors with diversification options as the country heads toward July elections. Vanguard, Principal, Franklin Templeton, First Trust, Van Eck and Amundi have all listed funds in recently.
Boosted by AUM growth, JP Morgan to open Colombian office
Giacomo Grage, who until now has been working from JPM's Andean flagship in Santiago, will head the initiative in Bogota.
Santander to assume management of JP Morgan’s Brazilian-risk funds
With the deal, Santander could add over USD 5 billion to its USD 80.5 billion in AUMs in Brazil. Santander already has more than 1 million local investors in its Brazilian-domiciled funds.
BTG and Itau innovate by opening onshore fund platforms to third parties
“Almost all funds in the market are now available on our digital platform,” BTG Pactual Digital's Marcelo Flora told Fund Pro Latin America. “For us, offering open architecture is a way to truly put the client first."
Managers hopeful that lower rates will spur demand for cross-border offerings
Itajubá Investimentos' Carlos Garcia believes the reduction of local interest rates may attract Brazilian investors to global offerings, but cautioned that pension funds still need to be convinced to diversify.
JP Morgan to build out Latam presence with Mexican and Colombian offices
The offices add to JPM's asset management operations in Chile and Brazil.