Citywire - For Professional Investors

Register to get unlimited access to all of Citywire’s fund manager database. Registration is free and only takes a minute.

Natixis expands fund range in Colombia

Natixis expands fund range in Colombia

Natixis Global Asset Management is expanding its fund offering in Colombia ahead of an expected surge in interest for active fixed-income strategies.

Colombia’s market regulator authorized Natixis to market products by two of its affiliates, London-based H2O Asset Management and Boston-based Loomis Sayles, according to a document by the entity dated October 2.  

Investors in Colombia have tended to stuff their fixed-income portfolios with individual bonds, most of them local. However, Natixis country head José Luis León told Citywire Americas that he expects a turn toward international mutual funds as investors hunt for alpha and seek to manage risk.

He’s leveraging the expected change by offering H2O’s full product range, as well as promoting the firm’s portfolio analysis services.

León plans to focus on marketing, among other funds, H2O’s flagship MultiBonds vehicle, a total return global multi-currency strategy run by Citywire AA-rated Bruno Crastes and Jérémy Touboul.

He'll also focus on promoting the H2O MultiAggregate fund, a flexible bond strategy with wide diversification among asset classes, strategies and investment horizons managed by Citywire + rated Pascal Dubreuil.

‘What we’ve seen with these products such as H2O’s MultiBonds and MultiAggregate is that they generate a lot of value in terms of portfolio diversification benefits, which at the end of the day reduces total risk,’ León said.

Natixis also got approval to market the Natixis Loomis Sayles Senior Loan fund. Run by John Bell and Kevin Perry, the vehicle has a bias toward high-quality issuers.

‘This is a strategy that works well in scenarios of rising interest rates,’ León said. ‘In fact, the correlation this fund has with the [US Federal Reserve] hiking interest rates, for example, is negative. ...In addition to that, these strategies tend to be illiquid, but this fund is totally liquid.’

León, who also represents Natixis in Peru and Panama, had already been marketing the H2O and Loomis Sayles strategies in the two countries.

The approval of the funds in Colombia marks Natixis’ latest expansion step there, where it has so far accrued about $20 million in assets under management. It opened its representative office in 2015 to market Natixis and Mirova funds, and about a year ago it received authorization to sell vehicles by its European specialist affiliate, DNCA Investments.  

Asset managers with representative offices in Colombia must have authorization from the market regulator to market their funds to local investors.

Elsewhere in Latin America, Natixis was awarded a $300 million slice in a $700 million US equities mandate for Mexico’s largest pension fund, Afore XXI Banorte. Citywire AA-rated Aziz Hamzaogullari and his team were tasked with managing the large-cap growth strategy.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Latin America 2017

    Citywire Latin America 2017

  • Citywire Miami 2017

    Citywire Miami 2017

  • Citywire Santiago 2017

    Citywire Santiago 2017

  • Citywire Mexico 2017

    Citywire Mexico 2017

  • Citywire Miami 2017

    Citywire Miami 2017

  • Citywire New York 2016

    Citywire New York 2016

  • Citywire New York 2016

    Citywire New York 2016

  • Citywire Mexico 2016

    Citywire Mexico 2016

  • Citywire Mexico 2016

    Citywire Mexico 2016

  • Citywire Panama 2016

    Citywire Panama 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Miami 2016

    Citywire Miami 2016

  • Citywire Miami 2016

    Citywire Miami 2016

  • Citywire Panama 2016

    Citywire Panama 2016

  • Citywire New York 2015

    Citywire New York 2015

  • Citywire New York 2015

    Citywire New York 2015

  • Citywire New York 2015

    Citywire New York 2015