Reforms in emerging markets play an important role in the country-picking operated by emerging market portfolio managers. Newton IM’s global EM portfolio manager Sophie Whitbread said EM countries that have been able to carry out reform are seen favourably. According to her, Mexico has been at the forefront of them. “The country’s tax system, electricity […]
Spain’s Banco Sabadell president Josep Oliu has inaugurated the opening of the bank’s two representative offices in Bogota and Lima. Both Colombia and Peru are two strategic countries in the company’s growth plans in Latin America, as the partnership with Colombian bank GNB Sudameris has also proved. Juan Manuel Santos, president of Colombia, was also present at […]
Spain’s Banco Sabadell has acquired 4.99% of Colombian bank GNB Sudameris. The parties have also signed a strategic cooperation agreement to take advantage of their mutual business opportunities. Banco Sabadell has acquired 8,238,084 shares that represent 4.99% of the share capital of GNB Sudameris, for $50m. Banco GNB Sudameris’ majority shareholder is Gilex Holding BV, a subsidiary […]
Mutual fund platform Allfunds has announced the opening of its representative office in Bogotá, Colombia. Colombian Carlos Felipe Stozitzky (pictured), has been appointed as director of the new representative office in Bogotá. Allfunds has been working in Colombia for over 8 years, offering services exclusively to regulated financial organisations. The move follows the opening of […]
By Enzo Puntillo, manager of the JB Emerging Markets Opportunities Bond Fund at GAM “Many investors currently view emerging markets as one allocation, but substantial divergence in macroeconomic developments is creating a myriad of fixed income opportunities. Investors should resist the temptation to oversimplify the emerging market universe or risk missing out on potential opportunities […]
Neuberger Berman has announced the opening of an office in Bogota, Colombia. Bogota is Neuberger Berman’s second location in Latin America, following the opening of an office in Buenos Aires, Argentina in 2011. Mauricio Barreto will head the office and continue to lead the firm’s client efforts in Colombia, working closely together with Maximiliano Rohm, […]
Gone is the dynamic growth that propelled Latam as one of the top performing asset classes between 2010 and 2012. Just as western economies were attempting to regain their footing, following the 2008 financial devastation, South American economies were on a roll, handsomely benefitting from strong Asian – particularly Chinese – demand for commodities and […]
Colombia‘s Ministry of Finance earlier this week released a framework for new bank capital securities that will open the door for local banks to issue new loss absorbing securities, according to Fitch Ratings. The Colombian Financial Superintendence still needs to issue the regulations for implementation and would need to review any new issue request to […]
The Colombia Equity Fund, a fund managed by Luxembourg-based Casa4Funds has raised more than $10m since it was launched in April 2012, the firm has confirmed.
Single country frontier markets equities funds are capable of providing some eye-watering returns on acceptable volatility, the problem is there are not many to choose from.
Ian Simmons, lead portfolio adviser on Charlemagne’s Magna Latin American fund, believes the pillars supporting returns from the region are still strong.
In the last of the LatAm report series, we turn to Colombia, the fourth largest LatAm market in terms of assets under management.