Brazil-based Bradesco Asset Management (BRAM) has partnered with UK-based FTSE Group to launch a Latin American equities fund that will track a newly developed equity index investing in Latin American stocks.
Known as Bradesco Global Funds – FTSE Latin America Quality Value Equity fund, the Luxembourg SICAV is BRAM’s seventh UCITS fund.
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The index, which consists of low-volatility, high-quality names from across the region, will be created using factors such as volatility and relative valuation, to help provide investors access to different types of returns.
The index will serve as the benchmark for a newly launched fund, which will invest in stocks from almost 150 companies in Brazil, Chile, Colombia, Mexico and Peru.
The move follows the appointment of Reinaldo Le Grazie, head of fixed income and hedge funds at BRAM as CEO, replacing Joaquim Levy, who became finance minister in the new administration of Brazilian president Dilma Rousseff at the end of November.
Axel Simonsen, head of systematic products division at BRAM, said: "The combination enables investors to tilt towards quality companies at reasonable valuations. The low-volatility factor helps investors to avoid some of the over-glamorous stocks in the universe."
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