Demand for cross-border oriented funds recovered in the third quarter

Fixed income strategies attracted greater attention from institutional investors. Regulatory changes in the taxation of funds can boost greater demand from high-net wealth clients in allocating their resources internationally, said Fernando Cavallete, portfolio specialist at Itaú Asset.

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Itaú expands third-party offering with Principal retirement products

LifeTime fund line will be offered to the bank's customers for voluntary pension savings.

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Valmex steps up efforts to grow in Mexico’s stagnant private-pension segment

Valmex’s Luis Lozano said the voluntary pension market is a solution for those with higher income, “who are not fully covered under the traditional and obligatory pension market.”

Principal broadens its lineup of life cycle funds in Mexico

The manager launched the conservative Lifestyle "Traditional" fund to cater to conservative investors who "still get a bit nervous with the mix of 80% debt and 20% equity" said the firm's Luis Lozano.

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Principal expands its onshore Mexican offering to capture repatriated assets

Principal Fondos de Inversion this spring launched two new global funds - one a feeder and the other subadvised - to meet the investment needs of capital repatriated in 2017, said the firm's Luis Lozano.

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Mandate news circulates during and after Afore convention in October

Pensionissste, Banamex, Profuturo and Principal were the subjects of mandate news in October and November, as were global managers BlackRock, Wellington, Franklin Templeton and a pair of others.

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Principal Chile strengthens wealth business and offshore fund lineup

With Andrés Silva’s appointment as head of Wealth Management and the incorporation of a dozen UCITS funds to its local platform, Principal now covers the HNW segment, i.e. clients with financial assets of over USD 1 million.

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Principal to buy MetLife’s Mexican pension operation

Principal's Roberto Walker said the acquisition strengthens the firm's commitment to Mexico’s pension system. The merged Afore would have close to USD 13 billion in AUMs.

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Capital repatriation sparks growth in Mexican fund business

Repatriation of some MXP 100 billion, driven by the government decree that offers tax incentives on return of undeclared capital, has benefited mutual fund operators, says Principal's Luis Lozano.

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Principal Afore again delays rollout of first global mandate

Afore Principal CEO, Mariano Ugarte, said the manager would implement its first international mandate in 2018, once "the markets have calmed down," referring to the high level of volatility for the Mexican Peso since the election of Donald J. Trump.

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