The Peruvian fund manager has two factoring funds, one in soles and one in dollars.
ACAFI welcomes new alternatives regulations, but still sees pending issues
ACAFI chief Luis Alberto Letelier said attractive products and the hard work of local managers - not capital repatriation - have been the major driver for growth of the closed-end fund business in Chile.
Actinver makes play for Afore investment with latest ETF launch
Speaking of Actinver's MILA ETF, investment director Alonso Madero Rivero said, "We believe Mexican Afores could be interested in this tracker because it combines the 62 largest liquid companies representative of the Pacific Alliance."
Actinver launches ETF to capture investor interest in MILA
"We want to stimulate the tracker business because it has huge potential in Mexico," Alonso Madero Rivero, investment director of Actinver Corp., told Fund Pro Latin America.
Conversion to public status boosts visibility of Chilean PE funds
The number of closed-end investment funds in Chile grew more than 30% in the first quarter of 2015 due mainly to the conversion of private funds into public funds, according to the president of the Chilean Investment Funds Association, Luis Alberto Letelier.
A MILA fund platform? Chilean execs don’t see it working
Initiative of the Mutual Fund Association seems like more of a political announcement than a project with a real future, sources told Fund Pro Latin America.
Canadian and MILA-listed securities can be bought locally by Chilean investors
SVS approved a resolution that exempts all listed investment securities registered with regulators in Colombia, Mexico, Peru and Canada as well from enrollment in the Registro de Valores Extranjeros (foreign securities register). Under the new rules, registered securities in any of these countries - including ETFs - will be able to be traded publicly by Chilean investors almost automatically.
Credicorp launches MILA funds across asset classes
Credicorp is launching Cayman- and Luxembourg-domiciled funds in the equity and debt markets. The Condor Equity Fund invest exclusively in MILA, while the Latin American Corporate Debt Fund seeks to invest 40 to 60 percent in MILA and the remainder in Mexico and Brazil primarily. Meanwhile, it is in the fundraising period for its Peru Real Estate Fund and its Colombian Real Estate Construction Fund, which offer investors access to MILA’s developing real estate sector.
MILA and Asian Passport initiative spark renewed interest in integrating Latam funds business
Fund managers are enthusiastic about the creation of a regional fund passport, since a regulatory framework of this type would multiply their business, based on the facilities for integrating investors from several countries into a single fund, selling the same fund in various markets, having a standardized tax treatment and integrating capabilities in order to compete with large international fund managers.
BNP Paribas launches local custody in Colombia
The move allows BNP Paribas to provide post-trade services to international banks and investors wishing to invest in Colombia, while supporting the international expansion of banks, brokers and institutional investors based in Colombia and other Latin American countries.