Legg Mason to sub-advise three local funds of Mexican sponsor Actinver

"We see substantial growth potential in Mexico," said Lars Jensen, Legg Mason's Head of Americas International.

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Brazilian funds ended 2017 with USD 30 billion in offshore investments

The major sponsors of globally-oriented funds in Brazil - in particular Western Asset, JP Morgan and Claritas - all benefited from the uptick. The expectation is for additional managers to enter the space.

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BTG and Itau innovate by opening onshore fund platforms to third parties

“Almost all funds in the market are now available on our digital platform,” BTG Pactual Digital's Marcelo Flora told Fund Pro Latin America. “For us, offering open architecture is a way to truly put the client first."

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Local-product launches in Brazil will provide access to range of Legg Mason brands

Western Asset's Roberto Teperman, said the firm will launch a range of local funds in Brazil which will allocate to cross-border products of Legg Mason brands, including Western Asset, Brandywine, Clarion, ClearBridge, EnTrustPermal, Martin Currie, QS Investors, Rare Infrastructure, and Royce.

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Managers hopeful that lower rates will spur demand for cross-border offerings

Itajubá Investimentos' Carlos Garcia believes the reduction of local interest rates may attract Brazilian investors to global offerings, but cautioned that pension funds still need to be convinced to diversify.

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XP Investimentos sees opportunities in broadening its platform with international products

XP's Gustavo Pires said conversations with global managers are ongoing, after having added locally-domiciled feeder funds of JP Morgan, Western Asset, AllianceBernstein and Principal Financial's Claritas unit to its platform.

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Western Asset readies global funds for local launch in Brazil

Brazilian-based Western Asset is planning to launch funds with strategies in global fixed income in early July, when CVM Instruction 555 comes into force. The instruction brought major changes to investment funds, including making it easier to create and distribute funds of cross-border funds.

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