Sura Asset Management has launched a fixed income fund targeted at Latin American clients who want to invest across the four Pacific Alliance countries, Chile, Mexico, Colombia and Peru.
The fund was launched last month and is currently domiciled in Chile but will be made available in Mexico, Colombia, and Peru in the next few months.
Juan David Perdomo, director for credit risk at Sura Asset Management in Medellín, told Citywire Americas the fund will invest in government and corporate bonds throughout the regional bloc.
The fixed income fund was orchestrated by different Sura teams, including Andrés Karmelic, head of fixed income in Chile and Felipe Trujillo, product development director in Colombia.
It is the second project targeting the Pacific Alliance, as it follows an equities fund that the financial services giant launched less than a year ago. It is managed by Felipe Asenjo, Sura's head of equities in Chile.