Brazil: Santander issuance falls flat, Morgan Stanley speeds ahead

Latin America | Industry

31 Mar 2020 by Lavanya Nair & Pablo Conde

The first quarter of 2020 wraps up just as the Brazilian Central Bank slashes interest rates.. The move is an emergency measure that has already been made in other countries such as the US and UK in a response to the outbreak of the Covid-19 virus that has rattled financial markets across the world.

Mexico Market Review, February 2020: Monex reports 14% growth of accrued net revenues

Latin America | Market Reviews

31 Mar 2020 by Martina Tsvetkova

The Mexican structured retail products market saw 498 new instruments in February from six different providers and a combined sales volume of MXN86.5 billion (USD4.4 billion).

Brazil: XP Investimentos challenges Santander’s dominance

Latin America | Industry

18 Mar 2020 by Lavanya Nair & Pablo Conde

Brazilian financial services platform XP has reported a stellar fourth quarter with a Q4 19 net income reaching R$ 390m (US&75m) while its overall net income totalled R$ 1.09 billion, a 134% increase from the previous year.

Mexico: Monex roars ahead as BBVA Bancomer doubles product issuance

Latin America | Industry

05 Mar 2020 by Lavanya Nair and Pablo Conde

2019 was a year of stagnation in terms of growth for the Mexican economy with about 0.1% contraction in the first three quarters. Despite minimal signs of a recovery the structured products market retains its good health with product issuance and sales growing two-fold.

Mexico Market Review, January 2020: income products report substantial growth

Latin America | Market Reviews

02 Mar 2020 by Martina Tsvetkova

Five hundred and seventy-one products from six different providers and with a combined sales volume of MXN34 billion (USD1.9 billion) struck in Mexico in January.

Buy-side view: Peru - new markets, new players

Latin America | Industry

26 Feb 2020 by Pablo Conde

Slowly but surely structured products continue to expand their footprint across markets and regions with a number of new advisors becoming advocates of these products as an alternative to existing investments and a way to get higher yields while protecting capital.

Brazil Market Review, Q4 2019: XP announces plans to disrupt financial system

Latin America | Market Reviews

31 Jan 2020 by Martina Tsvetkova

Sixty-five structured retail products with an estimated sales volume of BRL1.3 billion (US$300 million) struck in Brazil during the last quarter of 2019, bringing the total number of issuances for the year to 845.

Mexico Market Review, December 2019: Low-risk foreign exchange strategies in demand

Latin America | Market Reviews

24 Jan 2020 by Martina Tsvetkova

Five hundred and seventy products from six different providers and with an aggregated sales volume MXN29.8 billion (US$1.6 billion) had a strike date in December, according to the SRP Mexico database.

Mexico Market Review, November 2019: stable currency levels impact market

Latin America | Market Reviews

20 Dec 2019 by Martina Tsvetkova

Six hundred and seventeen products from seven different distributors and worth a combined MXN41.8 billion (US$2.1 billion) struck in November in Mexico. The figures represent an increase of approximately 26% in terms of sales volume compared to the previous month.