UBS Global Asset Management & Banco do Brasil DTVM Collaborate to Provide Brazilian Institutional Investors Access to Global ...
June 24 2015 - 9:00AM
Business Wire
UBS Global Asset Management ("UBS Global AM") and BB Gestão de
Recursos DTVM S.A ("BB DTVM"), the asset management arm of Banco do
Brasil ("BB"), today announced a joint collaboration to provide
Brazilian institutional investors the opportunity to invest in
global sustainable equities.
Global investing is increasingly capturing the attention of
institutional investors in Brazil. The local pension fund system,
with close to R$ 674 billion1 in total assets, is currently
allocated almost entirely to domestic investments but beginning to
invest internationally. In addition, sustainable investing is
becoming a key focus for investors, with 17 leading Brazilian
pension funds now signatories to the United Nations' Principles for
Responsible Investment ("PRI") (www.unpri.org).
To meet this growing demand, BB DTVM will launch a registered
feeder fund (in compliance with CMN Resolution 3,792) giving
investors access to the UBS Global Sustainable Equity portfolio
("GSE"). GSE seeks to maximize total return with a sustainable
investment approach, using a unique positive screening process that
combines material sustainability factors and fundamental valuation
analysis. Managed by UBS Global AM's Sustainable Equities team, GSE
has a track record that dates back to 1997 and ranks2 in the top
quartile of Global All Cap Core Equity managers (eVestment
Alliance) over 1, 3 and 5 years.
UBS Global AM has committed USD 20 million (approximately R$62
million) to launch the local fund.
“We are delighted to work with Banco do Brasil to provide
Brazilian investors the opportunity to invest internationally. UBS
Global Asset Management has a strong and long standing track record
in sustainable investing, an area which will only continue to grow
in importance," said Marilyn Foglia, Head of Latin America for UBS
Global Asset Management. "We believe that UBS’s Global Sustainable
Equity strategy is an interesting offering to meet this growing
demand."
Carlos Takahashi, President of BB DTVM, noted: “In line
with our commitment to promote the Principles Responsible
Investments to our investor base, we are pleased to work with UBS
to offer our clients access to global sustainable equity
strategies. This initiative expands access for our clients to
innovative offshore strategies carefully selected by BB DTVM,
contributing to the growing diversification of Brazilian
investments."
Notes to Editors
About UBS Global Asset Management
Global Asset Management is a large-scale asset manager with well
diversified businesses across regions and client segments. It
serves third-party institutional and wholesale clients, as well as
clients of UBS’s wealth management businesses with a broad range of
investment capabilities and styles across all major traditional and
alternative asset classes. Complementing the investment offering,
the fund services unit provides fund administration services for
UBS and third-party funds.
For more information visit:
https://www.ubs.com/global/en/asset_management.html
About UBS
UBS is committed to providing private, institutional and
corporate clients worldwide, including Brazil, as well as retail
clients in Switzerland, with superior financial advice and
solutions while generating attractive and sustainable returns for
shareholders. Its strategy centers on its Wealth Management and
Wealth Management Americas businesses and its leading universal
bank in Switzerland, complemented by its Global Asset Management
business and its Investment Bank. These businesses share three key
characteristics: they benefit from a strong competitive position in
their targeted markets, are capital-efficient, and offer a superior
structural growth and profitability outlook. UBS's strategy builds
on the strengths of all of its businesses and focuses its efforts
on areas in which it excels, while seeking to capitalize on the
compelling growth prospects in the businesses and regions in which
it operates. Capital strength is the foundation of its success.
About Banco do Brasil DTVM
A wholly-owned subsidiary of Banco do Brasil S.A., BB DTVM was
created in 1986 and since 1994 has consistently occupied the
leading position in Brazilian financial funds industry, with a
market share of 21.7%. Managing more than USD 181 billion (BRL 555
bi) in assets, BB DTVM - Banco do Brasil Asset Management - is the
largest asset manager in Brazil and Latin America. BB DTVM provides
products and services that meet the investment needs of a variety
of market segments: individuals, companies, the public sector and
institutional investors through Banco do Brasil distribution
network.
The safety and credibility of the Banco do Brasil brand name,
associated with the expertise of its qualified personnel, high
technology and transparency in management, endow BB DTVM with the
conditions necessary for it to meet the consistently increasing
sophisticated requirements of the Brazilian capital markets.
Since 2010 BB DTVM is signatory of Principles of Responsible
Investment – PRI.
About Banco do Brasil
Banco do Brasil is the largest Brazilian and Latin America bank
by assets. Established in 1808, Banco do Brasil is one of the
oldest financial institutions in the world. As the largest
financial franchise in Latin America, Banco do Brasil offers a
broad range of financial services to individuals, institution and
government agencies, totaling more than 61 million clients, served
through the largest distribution network in Brazil, with more than
69 thousand points of distribution, and also with 45 points abroad
in 25 countries.
Banco do Brasil employs over 110,000 people. Its shares are
traded in the BM&F Bovespa Exchange and the New York Stock
Exchange (NYSE), also figured on the Dow Jones Sustainability Index
(DJSI) for the third consecutive year, and for the ninth
consecutive year on the Corporate Sustainability Index (ISE) of the
BM&F Bovespa, since it was created. Since 2014 Banco do Brasil
is recognized as one of the most ethical companies in the world by
Etisphere.
For more information visit:
http://www.bb.com.br/portalbb/jsp/eng/index.jsp
1 As of January 2015, Abrapp (~$219bn USD using exchange rate as
of 17 June 2015)
eVestment Alliance, December 2014
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150624005681/en/
UBSNew YorkGregg Rosenberg,
+1-212-713-8843gregg.rosenberg@ubs.comorSão Paulo:Renata Monguzzi,
+55-11-2767-6642renata.monguzzi@ubs.comorSão PauloClaudia Ribeiro,
+55-11-3709-2699claudia.ribeiro@teneostrategy.comorBanco do
Brasil DTVMRio de JaneiroJordhanna Marques,
+55-21-3808-7776jordhanna.marques@bb.com.br
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