GUANGZHOU, China, Aug. 16, 2024 /PRNewswire/ -- Recently, E
Fund Management Co., Ltd. (E Fund), China's largest mutual fund manager, and Itau
Unibanco Asset Management Ltd. (IAM), Brazil's largest private asset manager,
reached a mutual understanding to enhance collaboration across
multiple fronts in the future.
In recent years, the bilateral relationship between China and Brazil has experienced significant positive
growth. Notably, the inaugural China-Brazil Financial Forum held in
March this year proved to be a resounding success. Forum
participants unanimously agreed on the strategic significance of
the 50th anniversary of diplomatic relations between the
two nations, emphasizing the need to embrace fresh opportunities,
explore innovative approaches, and expand collaborative efforts in
emerging sectors.
E Fund is a leading comprehensive fund manager in China with over RMB 3.3
trillion (USD 464 billion)
under management. It offers investment solutions to onshore and
offshore clients, helping clients achieve long-term sustainable
investment performances. E Fund's clients include both individuals
and institutions, ranging from central banks, sovereign wealth
funds, social security funds, pension funds, insurance and
reinsurance companies, to corporates and banks. Long-term oriented,
it has been focusing on the investment management business since
inception and believes in the power of in-depth research and time
in investing. It is a pioneer and leading practitioner in
responsible investments in China
and is widely recognized as one of the most trusted and outstanding
Chinese asset managers.
Xiaoyan Liu, Co-chairman of the
Board and CEO of E Fund said, "Against the backdrop of the
high-level opening up of the China's capital market, E Fund is accelerating
its globalization strategy. The cooperation and exchange with IAM
will help E Fund provide a more diversified range of products and
higher-quality services to our investors. It will also serve as a
bridge for investors in Brazil and
the broader region to understand and invest in China. We will explore with IAM a broad set of
possibilities for collaboration."
IAM is the asset management company of Itau Unibanco, one of the
largest banks in Latin America.
IAM's roots trace back to 1957 when it launched Brazil's first equity mutual fund. With more
than 65 years of history, IAM remains at the forefront of the Latin
American financial sector with more than USD
170 billion AUM across a complete platform of products,
including ETF and other listed funds, fixed income and private
credit products as well as a multi-strategy platform with more than
120 portfolio managers. IAM's structure includes more than 200
professionals in offices in Sao
Paulo, Rio de Janeiro,
New York, Miami and Santiago.
"The partnership with E Fund is aligned with IAM's strategic
agenda of always seeking the best investment opportunities for our
clients, in any scenario and with geographic and asset
diversification. Additionally, it contributes to our international
expansion, broadening the scope and reach of our offerings and
strategies," said Carlos Augusto Salamonde, Head of Global
Investment Management at IAM.
While the economic cooperation prospects between China and Brazil are broad, both E Fund and IAM are
confident that this collaboration will leverage strength and
expertise of both organizations to deepen bilateral financial
cooperation and empower high-quality development of trade and
investment between the two countries.
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