Credicorp's Alejandro Perez-Reyes says the fund will be domiciled in a Latin American country first, with a follow-on UCITS launch possible in the future.
Fidelity angles for piece of the Factor ETF action
While commenting on the launch of six factor ETFs, Anthony Rochte, president of Fidelity's ETF-services division, noted that its USD 250 billion in ETF AUMs represents about 11% of all US-domiciled ETF assets.
Mirae’s Brazilian arm to launch local feeder investing in Asia ex-Japan
Jorge Sierra, director at Mirae Asset in Brazil, said the Korean firm will attack both institutional and individual investors with the launch. The local feeder invests in the USD 700 million Mirae Asia Great Consumer fund, whose benchmark is the MSCI Asia Ex-Japan index.
Schroders bets on Brazilian pensions, launching European fund with Banco do Brasil
Schroders put up USD 6 million in seed money to get the Brazilian-domiciled feeder fund off the ground.
Aberdeen continues alternatives push with new UCITs launch
The fund launch builds upon Aberdeen's efforts to diversify its product lineup, which it has also done via the acquisitions of Arden Asset Management and Flag Capital Management.
Deutsche adds to suite of international currency-hedged ETFs
“As a European-based bank, we have been able to leverage our local insight to offer the most comprehensive suite of currency-hedged international equity ETFs in the US,” said Fiona Bassett, head of passive products in the Americas.
Deutsche in Latin roadshow promoting ETFs with tactical asset allocation model
The strategy was explained in a Nov. 11 seminar on Megatrends in Passive Investment Strategy, held in Santiago, with the participation of executives from this manager, representatives of MSCI, Morningstar and the Chilean Ministry of Finance, among others.
BM&F Bovespa and S&P Dow Jones reach landmark index agreement
New indices being considered are: factor-based indices (e.g. dividend, volatility, and multi-asset), those based on risk control, as well as sector indices, each based upon established and recognized S&P DJI methodologies.
BBVA Bancomer opens new UHN unit for high net worth clients
Bancomer UHN is the first office of its kind in Mexico and the world, combining products and services for family offices and high net-worth investors, with the backing of a global bank. This year Bancomer will open similar offices in the Mexican cities of Monterrey and Guadalajara.
Madero: Subadvisory agreement with LyonRoss gives small investors access to alternative strategies
Alonso Madero (photo), director of Actinver Investment, acknowledges "the need to bring innovative products" to the firm's platform, as a way of competing with bank-owned managers and offering clients higher returns with excessive equity exposure.