Autumn 2012

SwimmersThe country’s overall infrastructure investment rate is below that of its peers. Andrew Short explores the case ahead of the World Cup in 2014 and the Olympic Games in 2016.

FacadeBank credit rating downgrades are becoming a familiar sight. The importance of Latin America to Spain’s largest banks should cause fund managers to reassess counterparty risk. Nick Fitzpatrick reports.

WaterfallBrazilian equities have had a difficult 18 months. Nick Fitzpatrick finds that despite a good first quarter, this asset class of the future is still troubled.

Growth expectations for Brazil have been revised downwards and the stock market has been volatile. Increasingly, Brazilian growth is linked to China’s growth, which has slowed too. Though interest rates have been decreasing – which should be good for growth – inflation has been creeping upwards. Funds Global polled economic opinions about the world’s sixth-largest economy.

TradersThe Brazil Stock Exchange defends its fees as the regulator considers a reform to bring costs down, reports Nick Fitzpatrick.

CloudsJuan Pablo Córdoba Garcés, chief executive of the Colombian Securities Exchange, and other market participants, talk to Nick Fitzpatrick about the first year of trading for the Latin American Integrated Market.

Mexico cityThe Mexico Stock Exchange is seeking to join the integrated stock exchanges of Chile, Colombia and Peru, known as Mila. Philippe Carré, of SunGard, discusses the latest developments.

compassLatin America’s fund managers are experts at domestic equities, while some – and it is suggested the Chileans most of all – have a pan-regional expertise too. It is a natural next step, then, that asset managers look to expand overseas. Nick Fitzpatrick asks fund service providers about trends among this client base.

ChileA history of inflation is one underlying reason why the Chilean fixed income market is so complex today, writes Lorenzo Naranjo, of the ESSEC Business School.

Sponsored Profiles

SPONSORED FEATURE: Alternative thinking

Mar 16, 2017

Portfolio Manager Davide Cataldo discusses the results of the Pioneer Investments’ survey on liquid alternatives and how investors can be encouraged to increase their allocation.

SPONSORED FEATURE: Interest rate risk hedging: Swapping to other options

Mar 16, 2017

Heightened margin requirements for cleared and uncleared OTC derivatives pose a challenge for legitimate hedging activities and are driving financial institutions to explore alternative hedging...

SPONSORED FEATURE: Why blockchain could be the fund industry’s next Ford Model T

Mar 16, 2017

Blockchain aims to radically change the way investors can access funds, says Olivier Portenseigne, Managing Director and Chief Commercial Officer of Fundsquare.

SPONSORED FEATURE: Open architecture: In need of protection

Mar 16, 2017

Greater efficiency must be embraced to ensure regulatory changes do not destroy choice for fund buyers, says Bernard Tancré of Clearstream.

Executive Interviews

CEO INTERVIEW: Munro gains three-year track record

Mar 16, 2017

Aviva Investors’ annual results this month were the third set since Euan Munro took over as CEO. Nick Fitzpatrick speaks to him about the ‘Aims’ fund at the heart of the firm’s outcome strategy.

DISTRIBUTION INTERVIEW: Tales of the unexpected

Mar 16, 2017

Laurence Terryn, a fund selector at Candriam, tells David Stevenson how the twists and turns of the past year’s macro environment flavoured her approach to fund selection.

Roundtables

ASSET SERVICING ROUNDTABLE: Under pressure

Mar 07, 2017

Funds Europe speaks to leading Luxembourg industry figures about the growing regulatory demands on asset servicers and how to remain profitable in spite of major investments in technology.

SEC LENDING ROUNDTABLE: Both a borrower and a lender be

Jan 11, 2017

Industry heavyweights, including agent lenders, discuss issues affecting the securities lending sector such as regulation and the types of collateral being used.