Increasingly, with Europe in turmoil and investors scratching their heads for the next growth story, the likes of Brazil, Chile, Columbia are gaining popularity
Increasingly, with Europe in turmoil and investors scratching their heads for the next growth story, the likes of Brazil, Chile, Columbia are gaining popularity – Brazil especially is seen by many as a beacon of light in the economic fog. And so it perhaps comes as no surprise to hear that a South American fund manager has ventured onshore to offer a UCITS version of its domestic fund. As Citywire Global reported this week, demand is growing among institutional investors for local country specialists. Bolsa y Renta (ByR) is one such specialist. Based in Columbia, the firm says it is the first to provide sole access to South America’s fourth largest economy in UCITS form. The new Columbia Equity fund will replicate Bolsa y Renta’s strategy used in its home market and which has helped make it Columbia’s most successful equity manager. Luxembourg-based Casa4Funds is to advise the fund. Alejandro Correa, who joined the firm early last year as its head investment strategist, will run the fund. The firm’s CEO, Juan Luis Franco and its head of asset management, Juan Manuel Velasco, will support Correa with trade ideas and asset allocation. Bolsa y Renta currently has USD2.1billion in AUM.
