This new regulation authorizes supplementary activities for companies that manage mutual funds and closed-end investment funds, including managing and distributing shares of foreign funds and providing investment advisory services to local firms.
Cash contributions to retirement schemes raise money-laundering fears
July 28, 2015 by
According to sources in the sector, the issue of cash contributions has raised the eyebrows of some international players interested in the potentially huge global-investment-mandate business with the Afores, which manage close to USD 200 billion.
BNP Paribas outlines how mandate process in Mexico could be improved
July 15, 2015 by
Noting that the Afores were born in 1997 and turn 18 in 2015, Luis Palacio, sales director of BNP Paribas Investment Partners in Mexico, says: "They have reached legal age and must be allowed to make decisions like adults."
FATCA: Chilean market still awaiting ratification of tax agreements
July 13, 2015 by
Both countries must ratify an intergovernmental agreement and double-taxation agreement before Chile can begin releasing account information of US clients to American tax authorities.
CCR Monthly Approval Report – June 2015
July 9, 2015 by
BlackRock registered six new iShares ETFs and four mutual funds, while JP Morgan and Principal each had two new funds approved.
Consar, Afores and global managers discuss speeding up the mandate process
June 29, 2015 by
Consar President Carlos Ramírez has met recently with the teams of Afore Banamex and two global managers with which the pension manager has funded mandates, Schroders and BlackRock.
Managers welcome easing of Peruvian AFP investment rules
June 29, 2015 by
A new SBS resoultion makes it easier for Peruvian AFPs to allocate to UCITs and other funds that use derivatives for non-hedging purposes and to ETFs based on synthetic indices.
CNBV works with AMIB to roll out fund platforms
June 18, 2015 by
The CNBV's Eduardo Flores Herrera, who is responsible for supervising the creation of an open architecture framework and the financial institutions involved, said the new system would be up and running by December 2016.
Confirmed: New fund rules for Brazil delayed through October
June 18, 2015 by
the Anbima, which believes that the industry needs more time to adapt to the rules, which facilitate global investing, in order to create systems to control which clients can access certain types of funds.
CCR Monthly Approval Report – May 2015
June 4, 2015 by
May was a very active month for the Comisión Clasificadora de Riesgo, with 20 mutual funds added to the list and 27 products delisted. Candriam led with 11 funds registered in the month, while Pictet and Mirae each won approval for two of their mutual funds.
