Last updated: 21:07 / Sunday, 22 June 2014
From Mexico

Invex Bank Signs an Agreement with BlackRock to Increase its Global Investment Range

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Invex Bank Signs an Agreement with BlackRock to Increase its Global Investment Range

In order to increase the range of worldwide investments available to its clients in Mexico, Invex Bank has signed a licensing agreement with BlackRock, as was stated by the Mexican company in a press conference held in Mexico City on Tuesday.

Invex clients will be able to invest in the global market through INVEXTK, its equity fund, with the support of international markets’ specialists from the world's largest asset management company.

“This new partnership is part of our objective to position ourselves as the best private bank in Mexico; therefore we’ve decided to offer our clients the best investment strategies, hence the desire to work hand in hand with BlackRock, one of the best specialists in this field on a worldwide scale.  From now on, we plan to double our hold of equity funds before the end of the year, and continue offering investors the best in solid, clear, and transparent products,” said Jean Louis Guisset, managing director of Invex Private Banking.

Meanwhile, Juan Hernandez, Sales Director for iShares at BlackRock, said: “At BlackRock we are delighted with the signing of this partnership, which will enable us to help more Mexicans in the international diversification of their investments. We believe that participating in this type of joint strategies is essential in order to continue sharing the benefits of having a diversified portfolio with Mexican investors.”

The INVEX fund will follow the recommendations of BlackRock’s model portfolio, consisting of iShares ETFs, in an active strategy with monthly tactical rebalancing. Invex Bank partners with BlackRock in order to reinforce the importance of international diversification for its clients.

Invex is a Mexican financial institution which has been in the market for over 20 years, and has divisions in Private Banking, Corporate Banking, Investment Banking, Funds, Trust, International, Infrastructure, Leasing, and Cards. Invex has stood out for its sound track record and for maintaining steady growth.

 

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