Latin America’s mutual funds and private-pension funds will amass another $1.4 trillion over the next five years, according to a Cerulli Associates report.
UBS Investment Bank announced that it added to its suite of E-TRACS exchange-traded notes (ETNs) an E-TRACS linked to the Wells Fargo Business Development Company (BDC) Index.
State Street Corporation announced that Charles Cooper has joined the company as senior managing director of State Street’s eExchange derivatives program.
Principal Global Investors has agreed to acquire a majority stake in Finisterre Capital LLP and Finisterre Holdings Limited, an emerging markets investor based in London.
Russell Investments is expanding its hedge fund team with the addition of Brian Burke as risk management officer and Lance Babbit as senior portfolio manager, hedge funds.
A Franklin Templeton poll found half of respondents are planning to invest outside their home country this year, with 62% planning to do so over the next decade.
Deutsche Bank and Invesco PowerShares Capital Management, LLC have launched six exchange-traded notes (ETNs) linked to the foreign sovereign bond futures.