Summer 2015

RoadAs international asset managers help regional investors diversify their portfolios, even European equities are sparking interest. Nick Fitzpatrick looks at the businesses of three managers expanding in Latin America.

Rio de JaneiroIn scandal-hit Brazil, recession is on the cards and a political crisis threatens much-needed fiscal reforms. But as equity investors tell Nick Fitzpatrick, the country could bounce back sooner than many expect.

New Bond StreetLoans and sovereign bond benchmarks that reference the GDP of issuers are part of the toolset for targeting new income sources. Funds Europe was media partner at Pioneer Investments’ annual conference.

Richard GarlandRichard Garland, a distribution head at Investec, thinks financial planners should support a rebateless model, regardless of whether regulators force them to adopt one. Nick Fitzpatrick hears why.

CubesGuido Giammattei of RBC Global Asset Management (UK) looks at Mexican and Brazilian equities and concludes that Latin American shares are likely at a cyclical, not structural, low. 

Buenos AiresArgentina illustrated just how risky things can get for asset servicers after custody bank Citi was dragged into a political and legal row. Nik Pratt considers whether Brazil and Uruguay might pose similar risks.

Philippe SeyllFunds Europe talks to Philippe Seyll, Clearstream’s Executive Board Member and Head of Investment Fund Services, about its plans for geographic expansion and product development in 2015 and beyond.

Juan AlcarezPioneer Investments has American and Italian ancestry – and now it has Spanish blood too. Nick Fitzpatrick examines the deal to merge the asset management business with Santander’s.