Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Portfolio > Mutual Funds

Cerulli: Fund Ta Changes May Attract Latin American Cash

By Steve Tuckey

X
Your article was successfully shared with the contacts you provided.

U.S. mutual funds may be heading south to look for new sources of assets.[@@]

The recent elimination of the 30% withholding on U.S. mutual fund distributions to non-resident aliens should spur an increase in sales of eligible products sold to Latin American private clients, according to analysts at Cerulli Associates, Boston.

“Latin American wealthy individuals are poised to increase their use of professionally managed products, including managed account programs and mutual funds,” Cerulli analysts write in a new report on the Latin American financial services market.

In addition, more distributors will be available to sell to Latin American investors, the analysts predict.

Annuities and separate accounts could be some of the vehicles that will benefit from the tax changes, the analysts write.

The analysts contend that many distributors in Latin America are interested in adding products from outside manufacturers, including U.S. asset managers.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.