League Table – Assets Gathered by Latin American Mutual Fund Managers – June 2014

This league table provides a ranking of Latin American Mutual Fund Managers, domiciled in Argentina, Brazil, Chile, Colombia, Mexico and Peru, by AUM. It also includes annual growth/loss and percentage change . Data as of June 30, 2014.

Companies mentioned in this report: Banco do Brasil; Itaú; Bradesco; Caixa Econômica Federal; Santander; BTG Pactual; HSBC; Citigroup; BBVA; Credit Suisse; Safra Asset Mgt.; Votorantim; JP Morgan; Legg Mason; BNY Mellon AM; Grupo Sura; Banchile; BNP Paribas; Scotia; Banorte - Ixe; Inbursa; Vinci Partners; Opportunity; Sul America Investimentos; Actinver; Intrag; BRL Trust; Bci; BCP; Quantitas; Morgan Stanley; BW; GPS - CFO; JGP; Icatu; SPX; Porto Seguro; Pátria; GBM; Integral Investimentos; GAP Prudential; Banrisul; Plural Capital; Principal; Grupo Aval; Security; Mapfre; Riviera; LarrainVial; Bice; Oliveira Trust ; BancoEstado; Alfa; Nafinsa; Pragma; Davivienda; BNB; Dynamo; Kinea; Kondor; Planner; Modal; Merrill Lynch; Schroders; Petra; Geracao Futuro; Solidus; Alianza; Everest; Reliance; Interacciones; CorpBanca; Consenso; Ibiuna; Global Equity / Global Capital; Banco Clássico; UBS; Peninsula; Fator; Franklin Templeton; Gerval; Phronesis Investimentos; Polo Capital; BBM; Ventor; Valmex; Vector; Mercatto; Claritas; Pellegrini; BRZ; Perfin; Ipanema; Advisor; Fiducor; Quest; Galicia Adm. de Fondos; Squadra Investimentos; Tarpon; Lorinvest.

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Market experts predict shift to alternative funds as traditional yields shrink

Pressure on AFPs to deliver decent-sized pensions will lead to greater investment in this category, especially considering the narrow yields of regional fixed-income and the volatility of global equity markets.

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Partners Group plants flag in Houston to focus on private energy plays in US and Latam

The firm said the opening underscores its interest in the US energy sector and shows that it remains positive on Latin America, "despite recent negative investor sentiment surrounding emerging markets."

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Deutsche retires DWS brand in Americas, renames retail product suite

The change affects all open-end funds, closed-end funds, the variable insurance portfolios, and exchange-traded funds.

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JP Morgan institutional head charts diversification strategy by country and client

Juan Pablo Soffia told Fund Pro Latin America that the firm seeks to replicate its results with Chilean pension funds in Peru and Colombia, while also expanding the client base to other institutions, such as mutual fund managers and private banks in the three countries.

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Latin American Pension Fund Investments in Cross-Border Securities – May 2014

Chart comparing levels of pension fund system investments in international mutual funds and other international securities. Data from Chile, Colombia, Mexico and Peru. Data broken out by instrument, Year-end totals from December 2009 through 2013, and as of May 31, 2014.

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PineBridge strengthens team in Santiago with new hire

With the new addition of Adrien Grynblat, PineBridge hopes to develop its presence in the region, in the distribution of mutual funds and alternative investments.

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BTG Pactual buys Generali’s Swiss-banking unit for USD 1.7 billion

With the BSI acquisition, BTG Pactual takes control of the Chilean private-pension administrator AFP Planvital, which up to now had been controlled by BSI.

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EDM prepares for landing in Latin America

Eusebio Díaz-Morera (pictured), said EDM's presence in Chile is closely linked with Larrain Vial Asset Management, which has contracted EDM for subadvisory of its Chilean-domiciled European mutual fund, whose portfolio is mirror of an EDM Sicav fund.

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Brazil’s XP Securities opens office in Miami

XP Securities has opened a Miami branch at 701 Brickell Ave. with about 15 employees relocated from its New York office. It plans to employ 100 people in Miami in about a year, a news release said.

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