Despite having the option to invest in UCITS, Andres Moreno, Afore SURA’s CIO, believes mandates will end up being the cheaper alternative.
Tracking the Activities of Global Asset Managers in Latin America
Despite having the option to invest in UCITS, Andres Moreno, Afore SURA’s CIO, believes mandates will end up being the cheaper alternative.
HSBC Mexico's Christian Lafiandra said staying in close contacts with clients helped boost the firm's AUMs during the pandemic.
PIMCO's Gio Onate, who heads the Mexican effort, joins a team of close to 25 professionals focused on the Latin American and Caribbean markets.
Luis Perezcano, StepStone’s senior advisor expects to issue another Afore dedicated CERPI and a fifth series of its private-banking product in the short term.
Paula Salamonde, director at BlackRock in Brazil, told Fund Pro Latin America that local pension funds are latching on to the firm's offering of ETF BDRs to build out their internationalization strategies.
Baillie Gifford, Candriam, Echiquier, JP Morgan (ETF), New Capital and TDR were the fund sponsors gaining approval for new products in September.
SURA says it wants to offer clients the possibility of investing in any country in which they have a presence (Mexico, Colombia, Peru, Chile, Uruguay and Argentina).
A total of seven products were added in the month from eight different asset managers: Allianz, Amundi, BNP Paribas, Golden Tree, Hines, Nomura, and PineBridge.
Sergio Mendez, BlackRock´s country manager for Mexico, sees large untapped potential in the Mexican retail market.
President and deputy CEO Maria Grazia Sonzogni said the group is overweight Mexico, given it is a lagger in terms of equity valuations and appears poised for an economic rebound.
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