LatinFinance - May/June 2014 - 1

BEN LAIDLER, HEAD OF AMERICAS RESEARCH, HSBC

"THERE NEED TO BE
ADJUSTMENTS,
TIGHTER FISCAL AND
MONETARY POLICY.
THAT MEANS LOWER
CONSUMER GROWTH"

AWARDS & SURVEYS

Investor Perception Study

25/Brazilian
non-life insurance

The sector retains much scope
for growth and consolidation
Investor scorecards

28/Contrarian views
Top-performing funds in debt
(28), equity (32) and Brazil (33),
and their managers' strategies
for a more volatile market

INSTITUTIONAL
WEALTH
Pensions

35/Open horizons

Funds are getting more choices
over where and how to invest
Brazil

38/Slow mover

COVER STORY

High treasury rates can be a
disincentive to diversify

Tipping
point
12/

Mexico

40/New framework
Regulatory change means
more third-party mandates

Regional consumers
are heading for a sharp
slowdown - with big implications for banks and
investors

Chile

42/Changing model

Chile's pensions industry was a
forerunner, but is facing risks
Peru

45/Outgrowing home
LatinFinance® (USPS 004-662), (ISSN
1048-535X) is published bi-monthly by
Latin American Financial Publications, Inc.,
1101 Brickell Avenue, Suite N1200, Miami,
Florida, 33131 USA. Periodicals postage
paid at Miami, FL and at additional mailing
ofﬁces. POSTMASTER to return Mail to: PO
Box 4009 Chesterﬁeld, MO 63006-4009,
USA.
©2014 Latin American Financial
Publications, Inc.
All rights reserved. Reproduction in whole or
in part of any text, photograph, or illustration
without written permission from the publisher
is strictly prohibited.
Title is protected
through a trademark
registration with the
US Patent Ofﬁce.
LatinFinance Roundtables and Special
Reports are underwritten by sponsors,
although the magazine's editors retain
control over the content of these articles to
ensure their objectivity and independence.

REGULAR COLUMNS

FEATURES

02/ Front notes

Bank capital

The importance of investing on
the right side of politics

04/ Loans and people
news
06/ Bonds news

20/Teething
troubles

Latin American sub-debt issuance remains thin, but with
new regulatory frameworks,
bankers are optimistic about
the market's prospects

08/ Equity news

Securitization

09/ M&A news

A stronger appetite from local
investors could be a boon for
securitization in Chile and
beyond

48/ Parting Shot

Jim O'Neill discusses what the
turn in the US and China means
for Latin America

22/ Signs of life

Allowing local funds to allocate
more abroad is a necessity in Peru
Colombia

46/Release valve

Efforts to control the appreciation
of the peso also involve the
pension funds
ON THE COVER
Roll over: The consumer boom
breaks. Photographed by
Fredrick Broden

MAY/
JUNE 2014
CONTENTS

May/June 2014 - L ATINFINA NCE.COM 1

http://www.LATINFINANCE.COM

LatinFinance - May/June 2014

Table of Contents for the Digital Edition of LatinFinance - May/June 2014

Contents
LatinFinance - May/June 2014 - Cover1
LatinFinance - May/June 2014 - Cover2
LatinFinance - May/June 2014 - Contents
LatinFinance - May/June 2014 - 2
LatinFinance - May/June 2014 - 3
LatinFinance - May/June 2014 - 4
LatinFinance - May/June 2014 - 5
LatinFinance - May/June 2014 - 6
LatinFinance - May/June 2014 - 7
LatinFinance - May/June 2014 - 8
LatinFinance - May/June 2014 - 9
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LatinFinance - May/June 2014 - 11
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LatinFinance - May/June 2014 - Cover3
LatinFinance - May/June 2014 - Cover4
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