CC-BY-SA-2.0, FlickrFoto: John Tregoning. La expansión urbana: una megatendencia para invertir a largo plazo
La aceleración de la expansión urbana ofrece ricas oportunidades de inversión que coinciden con la necesidad de los inversores institucionales de mirar más allá de las ganancias a corto plazo, en la medida en que buscan nuevas formas de construir estrategias de largo plazo. La megatendencia urbana es prometedora, sobre todo en áreas de infraestructuras urbanas, real estate, una cadena de oferta agrícola en evolución y servicios y bienes de consumo, según un informe publicado por Prudential Investment Management, el negocio de gestión de activos de Prudential Financial -con activos de 918.000 millones de dólares-.
Bajo el título The Wealth of Cities (La riqueza de las ciudades), el informe ofrece un abanico de oportunidades que proporciona la expansión urbana, con ideas de inversión específicas en los mercados emergentes y desarrollados a través de un rango de vehículos, públicos y privados, que ofrecen atractivos caminos para los inversores.
“Entender cómo las megatendencias afectan a las clases de activos es crucial en la medida en que los CIOs mueven su estrategia de inversión hacia el largo plazo, lo que les lleva más allá de batir simplemente los índices a corto plazo”, comenta David Hunt, CEO de Prudential Investment Management.
La idea de la urbanización se basa en que unos 60-70 millones de personas se unirán a la población urbana de forma anual durante los próximos 30 años, lo que muestra el ritmo sin parangón al que las ciudades están creciendo. Con esto en mente, Prudential Investment Management publicó su informe, que subraya 10 ideas de inversión que surgen del boom de la urbanización que son accesibles a los inversores institucionales.
El informe destaca algunas tendencias que ofrecen atractivas oportunidades, como éstas:
La creación de ciudades tecnológicamente avanzadas. En 2020, el número de usuarios de Internet en todo el mundo podría doblarse hasta 4.000 millones de personas, lo que resultaría en una oportunidad global para inversiones públicas y privadas en infraestructuras de tecnologías, banda ancha, centros de datos y torres telefónicas.
La expansión de la capacidad de transporte. En la medida en que las nuevas ciudades en los mercados emergentes alcanzan poblaciones por encima de los 5 millones de habitantes, la expansión de aeropuertos, puertos y trenes de alta velocidad presentarán buenas oportunidades de inversión.
El lanzamiento de iniciativas anti contaminación. Aproximadamente la mitad de la población urbana mundial está expuesta a niveles de contaminación ambiental. Las compañías que ofrezcan soluciones como energía limpia, gestión de basuras y tratamiento de aguas también serán candidatos de inversión.
Capitalizar el interés en el estilo de vida urbano. Los nuevos desarrollos de uso mixto, tanto residencial como comercial, son inversiones muy atractivas pues tanto las personas como las compañías se sienten cada vez más atraídas por el estilo de vida urbano.
El crecimiento de outlets retail y apoyos logísticos. 1.000 millones de consumidores de clase media urbanos en los mercados emergentes ahora disponen de dinero para gastar, lo que ofrece oportunidades.
La industrialización de la agricultura. La Organización de las Naciones Unidas sobre los alimentos y la agricultura estima que el mundo necesitará producir un 70% más de alimentos para 2050. La creación de una cadena de oferta agrícola eficiente requerirá, entre otras cosas, mejorar las infraestructuras de transporte, así como métodos de producción innovadores y sostenibles a largo plazo.
Pershing today released a new report entitled, Women: Investing with a Purpose, exploring what drives women to invest and how advisors can best serve them based on those influences. While financial services firms have been ramping up their efforts to reach women investors, the report provides insight into critical gaps that still exist when it comes to what women want, what they need and what they are receiving from their financial advisors and firms with which they work.
Of the women who work with a financial advisor, 72% said they are very satisfied with their primary financial advisors. This finding points to room for improvement in advisors’ interactions with their women clients. Compared to men, women investors were more likely to want improvements related to their advisors’ soft skills. Women tended to highlight more than men «understanding my goals,» «listening to my needs,» and «patiently answering my questions.» Women were less likely than men to suggest their advisors could improve in «picking investments that perform better» (27% of women compared to 36% of men). Interestingly, nearly half of women (47%) said there was nothing that their advisors should change when asked what areas their financial advisor can improve.
«While there are common threads among all investors in terms of their expectations of their financial advisors, these findings suggest that an important factor is being overlooked by advisors working with women investors, and that is the purpose behind the reasons they invest,» said Kim Dellarocca, managing director at Pershing. «This missing factor may contribute to why 35% of women respondents who do not use a financial advisor say they don’t trust financial advisors are working in their interests. The reality is that a woman’s desired level of understanding can be different, which requires advisors to explore concerns, goals and trade-offs with greater directness and rigor.»
Underlying many of the survey findings are unique challenges that women face later in life that stem from realities including their having longer life expectancies, lower incomes during their working years, potentially higher medical costs and a greater motivation for the beneficiaries of their investments to extend beyond themselves. Given these challenges, increased clarity of clients’ goals can influence the ideal blend of solutions that may create more confidence and better experiences for women investors.
According to the study, retirement, education, flexibility and legacy are four common goals that drive women to invest.
Foto: Global Panorama . SURA Investment Management, mejor operadora de deuda en 2015
La gestora de fondos SURA Investment Management México ha sido distinguida con el reconocimiento a la “Mejor Operadora de Deuda”, en la edición 2015 de los Premios Morningstar México.
Luis Ortiz, director general de SURA Investment Management y responsable de los negocios de seguros y pensiones de la compañía en el país, declaró que “el equipo se encuentra altamente comprometido con los inversionistas mexicanos a través de la innovación, las mejores prácticas, productos y servicios de la más alta calidad”.
Estos premios reconocen a aquellos fondos y grupos de fondos que han añadido mayor valor para los inversores en el último año y en períodos de mayor plazo. Los Premios Morningstar ayudan a los inversores a identificar los fondos y gestoras de fondos excepcionales del país durante el año. Respecto a la categoría “Mejor Operadora de Deuda”, son candidatas a participar aquellas operadoras con al menos 3 fondos de deuda domiciliados en México que cuenten con Estrellas Morningstar.
Thomson Reuters has announced the winners of the Lipper Fund Awards 2015, UK. The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community.
Invesco collected the top Group Award; Robeco also got an Award. The full list of Group Award winners include:
“This year as in years past, the Lipper Fund Awards winners have exhibited a high level of skill and talent in navigating the ever complex and interconnected markets of today. We at Lipper congratulate the 2015 Award winners for their demonstrated expertise and for delivering outperformance to their collective fund shareholders,” said Robert Jenkins, global head of Lipper Research at Thomson Reuters.
“As active fund houses come under greater competitive pressures in the UK, these Lipper Award winners are beacons among their peers in delivering consistent risk-adjusted returns in difficult markets. They fully deserve this accolade,” said Jake Moeller, head of Lipper UKI research.
Lipper data covers more than 285,000 share classes and over 129,000 funds in 62 markets. It provides the free Lipper Leader ratings for mutual funds registered for sale in over 40 countries.
In a report released yesterday entitled Brazilian Public Versus Private Companies: Current State of Affairs, S&P Capital IQ concludes that while Brazil’s publicly traded companies provide a better return on their assets in a majority of industries, privately owned companies generally do better at generating sales off their asset base. «Most privately owned companies use assets to drive sales more efficiently, but are not as good at managing costs» said Jay Bhankharia, Senior Manager, S&P Capital IQ, and author of the report. «We believe this implies that strategic guidance and increased oversight can potentially increase margins and profitability substantially for some of these companies.»
«Brazil and Latin America continue to offer attractive investment opportunities, as reflected in record breaking regional private equity fund raising and increased merger volumes in Brazil» said Cynthia Rojas Sejas, Vice President, Market Development-Latin America, S&P Capital IQ.
S&P Capital IQ looks at the performance of companies in various sectors of the Brazilian economy, while providing insight into the differences between the profiles of Privately Owned and Publicly Traded companies. This report compares public and private companies’ ratios of profitability, efficiency, solvency, and liquidity, leveraging the recent addition of Brazilian Private Company Financials to its comprehensive database of standardized and comparable data for public and private companies globally.
Brazilian Public Versus Private Companies: Current State of Affairslooks at a statistical sample consisting of 93 companies with more than $1 billion in revenue, 637 with $100 million to $1 billion in revenue, and 1,862 companies with less than $100 million in revenue. In addition to key valuation and credit metrics, the report takes a look at specific ratios within the banking and energy sectors to better understand key metrics in those industries.
S&P Capital IQ‘s Brazil research is the topic of an upcoming investment seminar entitled «Brazil: Uncovering Potential Opportunities» that will feature Macroeconomist Bernardo Wjuniski from Medley Global Advisors, and Jay Bhankharia and Richard Peterson from S&P Capital IQ.
CC-BY-SA-2.0, FlickrFoto: Arturo Rinaldi Villegas. Guillermo Tagle Quiroz asume la presidencia de IM Trust-Credicorp Capital en Chile
Guillermo Tagle Quiroz asume la presidencia de IM Trust-Credicorp Capital Chile y se incorpora al Comité Ejecutivo de la matriz, Credicorp Capital, que dirige las actividades y negocios de Banca de Inversión en Perú, Colombia y Chile. Tagle será el principal responsable de la compañía en el país y, además, apoyará la actividad comercial y la creación de negocios para todas las unidades de la empresa.
El puesto de director general de IM Trust-Credicorp Capital Chile, que deja Tagle, lo ocupará Fernando Edwards Alcalde, quien tendrá a su cargo la coordinación y dirección de todas las actividades de negocios y operaciones que se realicen en el país. También coordinará la operación de Chile con las unidades regionales en Perú y Colombia, y se incorporará al Comité de Gestión de Credicorp Capital.
En sustitución del anterior, Sergio Merino Morales será director de finanzas corporativas en Chile y coordinará las unidades de este negocio en los otros países. Y, por último, el puesto que éste deja lo ocupará Eduardo Gómez de la Torre, nuevo director regional de finanzas corporativas.
Los cambios quieren construir una estructura ágil y eficiente, que consolide, en el largo plazo, el proyecto de Credicorp Capital en la Región Andina de liderar la industria de servicios financieros de Banca de Inversión en la región.
The Board of Directors of Santander Holdings USA (SHUSA) announced yesterday that Scott Powell has been named Chief Executive Officer, effective immediately.
Mr. Powell brings extensive experience in retail banking, risk management and consumer and auto lending to Santander. He has held a variety of roles at J.P. Morgan Chase & Co., including Head of Banking and Consumer Lending Operations, CEO of Consumer Banking and Retail Investments, Head of Consumer Lending, as well as Chief Risk Officer, Consumer. He also spent 14 years at Citi in a variety of risk management roles. Most recently, Mr. Powell was Executive Chairman of National Flood Services Inc.
Santander Group Executive Chairman Ana Botín said: “We are delighted to have Scott join our team. His expertise and experience in retail banking, consumer finance and risk management will be a great contribution as we work to improve customer service, enhance our U.S.-wide oversight and embed our banking culture across the U.S.”
SHUSA Non-Executive Chairman T. Timothy Ryan, Jr., said: “Scott’s appointment is an important step toward our goal of strengthening Santander Holdings USA to manage our U.S. businesses. This will include bringing all the U.S. units together within SHUSA by the middle of this year.”
Santander Holdings USA, a fully-owned subsidiary of Banco Santander of Spain, owns 100% of Santander Bank, N.A. and 60.5% of Santander Consumer USA Holdings Inc. of Dallas. Besides these units, Santander activities in the U.S. include a private bank in Miami, Banco Santander International, and businesses in Puerto Rico, including Santander Bancorp. These units’ operations will be consolidated within SHUSA by the middle of 2015.
Román Blanco will continue as CEO of Santander Bank.
Ana Botín said: “I would like to thank Roman for his very able leadership of Santander US. I am delighted he will continue to lead Santander Bank, where his focus will be on strengthening the Bank in its U.S. northeast footprint by improving customer service, attracting new customers and deepening customer relationships.”
Foto: Andrea B. Gloria y Emilio Estefan ponen a la venta una mansión en Star Island
Según publica The Real Deal, los pesos pesados de la industria del entretenimiento Gloria y Emilio Estefan han puesto a la venta una mansión de su propiedad en Star Island, cerca de Miami Beach, por 40 millones de dólares, conocida como «Nena’s Villa»
Los Estefan –que juntos atesoran 26 premios Grammy- viven en otra mansión en el número 39 de Star Island Drive. “Ellos poseen una preciosa propiedad de dos acres, en Star Island” declaró Jill Eber de Coldwell Banker, que tiene el encargo de esta venta junto con su colega Jill Hertzberg. “Ellos tenían esta propiedad como residencia para invitados pero ya no la estaban utilizando” informa The Real Deal.
Siempre según la misma fuente, la propiedad de 1,34 acres situada en 1 Star Island Drive en Miami Beach, fue vendida por última vez en noviembre de 1993 por 1,84 millones de dólares. La construcción consta de una casa principal, construida en 1940, y una casa de invitados construida en 1995, según muestra su historial. El edificio principal, de 4.747 pies cuadrados, se distribuye en cuatro dormitorios y cinco cuartos de baño y la casa de invitados, de 2.661 pies cuadrados, en tres dormitorios y tres baños. En 2013 se ofrecía su alquiler en 30.000 dólares al mes.
“La propiedad es extraordinaria” declaró Eber a TRD. “Es un lote de algo menos de 60.000 pies cuadrados, con 240 pies frente al mar con unas vistas espectaculares de la ciudad y la bahía”
Además de los Estefan, Star Island acoge las casas de Sean “Diddy” Combs; de Leonard Hochstein y su esposa, Lisa -de Real Housewives of Miami-, que han tirado su propiedad para construir una nueva mansión; del millonario Phillip Frost y del directivo de Lennar Stuart Miller, que quiere transformar su actual mansión en una nueva de 22.000 pies cuadrados, concluye TRD.
BBVA Compass announced that Jason Leal has been named its market president of the Upper Rio Grande Valley, where he will lead efforts to increase brand awareness and represent the bank’s interests in the growing market.
Leal will provide leadership for all commercial banking activities, including business development and market leadership coordination, in an area that is experiencing solid growth in the health care and retail industries. He joined the BBVA Compass team eight years ago and most recently served as a commercial underwriting center manager.
«Jason’s a proven local leader and a Rio Grande Valley native, so this is a natural fit,» said BBVA Compass Texas Border Region CEO Hector Chacon. «He has adapted to change, maintained a strong reputation in the community and has remained committed to our success. I am certain he will continue to establish and strengthen our client relationships in the market and help contribute to our future success.»
Leal, who began his career in 1989 at the Rio Grande Valley-based Texas State Bank, has 24 years of banking experience with BBVA Compass and its legacy banks. He holds a bachelor’s degree from the University of Texas at Brownsville, is a board member and vice president of Affordable Homes of South Texas, board member and president of the McAllen Country Club, board member and chairman of the Leadership McAllen Alumni Association and was recently placed on the University of Texas-Pan American Foundation Board of Trustees.
Invesco Perpetual wins the Overall Fund Group, plus two individual fund awards, at the 2015 Lipper Fund Awards. The Lipper Fund Awards honour funds and fund management firms that have excelled in consistently strong risk-adjusted performance relative to their peers.
“As advocates of active fund management, we’re delighted to have won Lipper’s Overall Fund Group Award in 2015 which recognises the strength and depth of our product offering”, said the firm in a press release.
“At Invesco Perpetual, we’ve built a renowned investment culture in Henley-on-Thames which supports our talented and experienced fund managers. Alongside our long-established equity and fixed interest capabilities, we’ve expanded our product range to include a multi-asset offering, which further supports our focus on long-term solutions for clients”, said.
In addition to the Overall Fund Group Award, the Invesco Perpetual High Yield and Global Equity Income Funds were also award winners.
Lewis Aubrey-Johnson, Head of Fixed Income Products commented: “We’re delighted to have received this award from Lipper in recognition of the fund’s risk-adjusted performance. This is the third award for the Invesco Perpetual High Yield Fund in the last 12 months, and with the addition of Asad Bhatti as Deputy Fund Manager, we aim to maintain our strong investment track record in future years.”
On the award for the Invesco Perpetual Global Equity Income Fund, Chief Investment Officer Nick Mustoe said: “Where some equity income funds look to maximise income in the short term by focusing on the highest yielding parts of the market, this fund focuses on sustainable income. We refer to this approach as ‘quality income’ and as such, are pleased to learn that Invesco Perpetual Global Equity Income Fund is a top performer in the IMA Global Equity Income sector over five years in the UK. Over the long term, we employ a ‘quality income’ approach that seeks to deliver a diversified portfolio of stocks that provide an attractive mix of income, dividend growth and capital appreciation.”
