"We decided to offer a fund protected from currency volatility," said Luis Otavio Oliveira, vice president of PIMCO and responsible for business development in Latin America.
Western Asset preps global-equity feeder allocating to sister firm ClearBridge Investments
The feeder fund will hit the ground running with BRL 35 million (USD 11 million) raised from Brazilian pension funds, said Marc Forster, executive director at Western Asset Mgt. in Sao Paulo.
BNP Securities Services launches locally in Peru
“We are committed to the Latin American region where we have been expanding our network and developing a strong local know-how. Peru is an exciting addition," said Alvaro Camuñas, head of BNP Paribas Securities Services Spain and Latin America.
Deutsche X-trackers platform now includes enhanced-beta ETFs
“We are excited to launch our first suite of enhanced beta ETFs in the US,” said Fiona Bassett, head of passive in the Americas. “We believe this new suite complements our expertise and commitment to bringing innovative and relevant investment solutions to market."
BBVA Bancomer, Morgan Stanley team to launch global multi-strategy fund in Mexico
The new vehicle joins six other international funds on the platform of BBVA Bancomer, which has already signed subadvisory deals with global firms BlackRock, Franklin Templeton and Pioneer Investments.
Scotia enlists BlackRock as subadvisor of global FX fund in Mexico
Ernesto Diez, CEO of Scotia Fondos, said the Canadian firm's strategy is to offer clients integrated solutions so they can adequately diversify their investments, either working with in-house managers or third parties.
Columbia Threadneedle teams with institutional heavyweight Rio Bravo in Brazil
Columbia Threadneedle’s Joseph Sweigart said his firm is teaming with independent manager Rio Bravo Investimentos to launch a Brazilian-domiciled European-equity fund targeting Brazil’s corporate-pension market.
Franklin adds to Mexican fund lineup in fixed-income segment
Hugo Petricioli, the Franklin's director and country manager in Mexico, said the launch would expand its product line and make "our investment strategies available to more investors."
Goldman Sachs gets in the ETF game with launch of US Large Cap vehicle
"Our clients asked us to apply our investment expertise to exchange-traded funds," said Michael Crinieri, GSAM's global head of ETF strategies. “We believe ActiveBeta ETFs create solutions for them and capitalize on our global reach and deep knowledge of the markets.”
db X-trackers Harvest CSI 300 China A-Shares recieves approval from CCR
Chilean AFPs can gain direct equity exposure to the China A-shares market via this vehicle, the first direct investment in China A-shares to be registered in Chile and listed on the New York Stock Exchange, trading in local time.