ASSET MANAGER’S GUIDE 2021 LATAM FUNDS SOCIETY’S ASSET MANAGER’S GUIDE LATIN AMERICA

DIRECTOR: Alicia Jimenez - [email protected] ADVERTISING OPPORTUNITIES: Elena Santiso - [email protected] SUBSCRIPTIONS: Luis Montenegro - [email protected] DIGITAL MARKETING: Madina Kurbanova - [email protected]

MARKETING AND ADVERTISING: Elena Santiso - [email protected] Nazaret Mora - [email protected]

DESIGN AND LAYOUT: El Sofá Verde PRINT: Gráfica Mosca

FUNDS SOCIETY’S BOARD OF DIRECTORS Alicia Jimenez – Managing Partner Elena Santiso – Managing Parter – Business Development

FUNDS SOCIETY is a trademark of KABE MAS LLC 1200 Brickell Avenue; 18th floor Miami, FL 33131 +1-786 429-0248

The contents and/or services provided by Funds Society are of a financial nature and are aimed specifically to the international or offshore financial industry professionals or experts, including information, opinion, charts, graphs and links to several financial media. Due to the number of sources from which information on Funds Society is obtained, there may be omissions or inaccuracies in such information. Funds Society may include facts, views, opinions and recommendations of individuals and organizations deemed of interest. Funds Society does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse, these views, opinions or recommendations. The content of this guide is not intended for the retail investor or for the wealth management professional who’s clients are residents of the U.S.

2 ESTIMADO LECTOR,

Un año después de que la pandemia irrumpiera en nuestras vidas me parece que todos podemos estar satisfechos del papel que está jugando de la industria financiera. Por vez primera en la historia de las últimas crisis, ni los mercados, ni los bancos, ni en general las instituciones financieras han sido parte del problema, sino que muy al contrario, están jugando un papel muy importante en el entramado de medidas que están colaborando a la solución de esta crisis.

Además, este último año ha sido el detonante para que un cambio que venía fraguándose en la última década haya dado un salto adelante esperanzador. El mundo entero se ha volcado hacia la sostenibilidad, y muchos expertos coinciden en que la participación y el empuje de la industria financiera -y particularmente de los asset managers- ha sido clave para este avance,

Desde Funds Society colaboramos al desarrollo de esta industria recopilando los datos de las principales firmas internacionales de y publicándolos una vez al año. Esta es nuestra segunda edición para Latinoamérica, donde compilamos los datos de más de 60 administradoras de fondos con equipo en la región presentando los datos básicos de contacto de las personas que trabajan cada día para dar el mejor servicio a los compradores profesionales de fondos mutuos.

Como todos saben, esta industria no para de moverse. Cada año hay nuevas fusiones y adquisiciones, así como constantes cambios en los equipos de desarrollo de negocio y servicio al cliente. Este año no ha sido una excepción, pero hemos tratado de mantener los datos lo más actualizados posibles a la fecha de la salida a imprenta de esta Guía. Pedimos su colaboración para subsanar posible errores u omisiones de cara a próximas ediciones. Siempre pueden contactarnos a través del correo electrónico [email protected]

Además del listado general, hemos incluido información adicional de 10 administradoras de fondos que han querido compartir con ustedes sus propuestas de negocio de forma más detallada.

Esperamos que esta información les resulte útil

Un cordial saludo,

Alicia Jiménez de la Riva Socia Fundadora y Managing Partner Funds Society

3 ASSET MANAGER’S GUIDE

INDEX

DWS 10 Muzinich & Co. 22

GAM 12 Natixis Investment Managers 24

Janus Henderson Investors 14 Pictet Asset Management 28

M&G Investments 18 30

MFS 20 Thornburg IM 32

ABERDEEN STANDARD INVESTMENTS 6 AEGON ASSET MANAGEMENT BROWN ADVISORY LARRAINVIAL ASSET MANAGEMENT PINEBRIDGE INVESTMENTS 6 ALLIANCE BERNSTEIN 6 6 ASSET MANAGEMENT 6 AMUNDI ETF 6 AVIVA INVESTORS AMERICAS 7 INVESTMENT MANAGERS 7 BLACKROCK 7 BNY MELLON 7 BRANDES INVESTMENTS PARTNERS 7

CALAMOS INVESTMENTS 7 CANDRIAM INVESTORS GROUP 7 CAPITAL STRATEGIES PARTNERS 7 CAPITAL GROUP 7 CARMIGNAC 8 COLUMBIA THREADNEEDLE INVESTMENTS 8 CULLEN 8 DWS 8 DIMENSIONAL FUND ADVISORS 8 DOUBLELINE 8 EATON VANCE 8 FRANKLIN TEMPLETON INVESTMENTS 8 GAM 9 GOLDMAN SACHS 9

4 HSBC ASSET MANAGEMENT 9 INVESTORS 9 9 J.P. MORGAN ASSET MANAGEMENT 9 JUPITER ASSET MANAGEMENT 9 LA FINANCIERE DE L’ECHIQUIER 9 LA FRANÇAISE 16 ASSET MANAGEMENT 16 LORD ABBETT 16 LYXOR ASSET MANAGEMENT 16 LYXOR ETF 16 16 MATTHEWS ASIA 16 M&G INVESTMENTS 16 MFS INTERNATIONAL 16 MIRABAUD ASSET MANAGEMENT 17 MORGAN STANLEY INVESTMENT MANAGEMENT 17 MUZINICH 17 NATIXIS INVESTMENT MANAGERS 17 NEUBERGER BERMAN 17 NEW CAPITAL 17 NINETY ONE 17 NN INVESTMENT PARTNERS 17 NORDEA 26 INVESTMENTS 26 PICTET ASSET MANAGEMENT 26 PIMCO 26 PINEBRIDGE INVESTMENTS 26 ROBECO 26 RWC PARTNERS 26 SCHRODERS 26 SEI 27 SURA INVESTMENT MANAGEMENT 27 THORNBURG INVESTMENT MANAGEMENT 27 VANGUARD 27 VIRTUS INVESTMENT PARTNERS 27 VONTOBEL 27 WELLINGTON 27

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ABERDEEN STANDARD Miguel Rozensztroch INVESTMENTS Senior Managing Director - Head of N.A. 1395 Brickell Ave Suite 900 Institutions, South/Central America & NRC Miami, FL 33131 [email protected] Tel: +(1) 305 200 8699 Diana Quesada Mihanovich Vice President – Regional Manager Menno de Vreeze Argentina & Uruguay Head of Business Development [email protected] International Wealth Management - Ignacio Fuenzalida E Americas Director – Regional Manager Andes [email protected] [email protected] Antonio A Almirall Oscar Zarazua Business Development Manager Director Regional Manager Mexico Americas Distribution [email protected] [email protected] Damian Zamudio ALLIANZ GLOBAL INVESTORS Senior Business Development Manager Allianz Global Investors Distributors, LLC International Wealth Management 1221 Brickell Avenue. Suite 900 [email protected] Miami, Fl. 33131

AEGON ASSET MANAGEMENT Alberto D’Avenia BROWN ADVISORY Managing Director - Head of US NRB and LARRAINVIAL ASSET MANAGEMENT LatAm Retail PINEBRIDGE INVESTMENTS [email protected] 990 Biscayne Boulevard M: + (1) 786 877 7724 O-901. Miami FL, 33132 AMUNDI ASSET MANAGEMENT Sebastián Véliz Prolongación Bosques de Reforma 1813, [email protected] Int 1106. Lomas de Vista Hermosa, Tel: +1 786 843 0325 CDMX 05100 - México Thomas Johnston Tel: +5255 5351 1541 [email protected] Tel: +1 617 671 8609 Apoquindo 4001. Oficina 404 Santiago, Chile ALLIANCE BERNSTEIN Tel: +5622.3671666 Maipú 1210– Piso 8 CABA (1106), Argentina Gustavo Lozano Tel: +5411 4872 8251 Amundi Asset Management Mexico Country Head Isidora Goyenechea 3000, Floor 23, [email protected] Las Condes Silvia Fernández Santiago, Chile. 7550653 Head of Latin America Institutional Tel: +56 22 3644448 [email protected]

Fuente Bella 3299, Piso 14 AMUNDI ETF Conjunto Residencial del Pedregal, Tlalpan Paseo de la Castellana, 1 CDMX, 14130, México 28046 Madrid, Spain Tel: +5255 91711106 Tel : +34 91 436 72 00

6 Juan San Pío Sasha Evers Head of Amundi ETF, Indexing & Smart Managing Director Iberia & Latin America Beta for Iberia and Latam [email protected] [email protected] Antonio Salvador N. Director AVIVA INVESTORS AMERICAS [email protected] St Helen’s, 1 Undershaft London BRANDES INVESTMENTS EC3P 3DQ PARTNERS *distributed by Capital Strategies en Brasil y Dublin Uruguay Tel : +35316182700

Charlie Jewkes Jorge Claveria Head of Global Financial Institutions & Business Development Latin America [email protected] [email protected] CALAMOS INVESTMENTS AXA INVESTMENT MANAGERS 2020 Calamos Court Zonamerica, Edif. @2. Office 303. Naperville IL 60563 Montevideo, Uruguay Tel: +1.773.255.0188. [email protected] *distributed by the AMCS Group Carlos Soriano Investment Consultant - International Andres Munhó [email protected] Co-Founder, Managing Partner - Colombia and Mexico CANDRIAM INVESTORS GROUP [email protected] 51 Madison Avenue Satiago Sacias New York, NY 10010 Managing Partner - Argentina, Brazil, Chile, Tel: +(1) 212 576 3382 Peru & Uruguay [email protected] Keith Dixson Alvaro Palenga Head of International Development Sales Associate [email protected] [email protected] CAPITAL STRATEGIES PARTNERS BLACKROCK Madrid 701 Brickell Avenue Tel: +(34) 620 55 72 42 Miami, FL 33131 Tel: +(1) 305 728 1189 Jorge Benguria Partner - US & Latam Jordie Olivella [email protected] Head of Offshore Sales Jordie.Olivella@.com CAPITAL GROUP 333 S. Hope Street, 53rd Floor BNY MELLON INVESTMENT Los Angeles, CA 90071 MANAGEMENT New York Isidora Goyenechea 3365, oficina 1701, Tel: +(1) 646 265 9699 Las Condes, Santiago, Chile Miami Tel: +(1) 305 202 2913

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Jameel Jiwani DWS Wealth Management Consultant - Northeast 875 3rd Ave. 26th floor [email protected] New York, NY 10022 T: +1 (646) 265-9699 Tel: +(1) 212 454 0285 Luis Arocha Wealth Management Consultant - Jesús Martín del Burgo Southeast and Uruguay Head of Latin America Coverage [email protected] [email protected] T: +1 (305) 202-2913 Paulino Medina DIMENSIONAL FUND ADVISORS Wealth Management Consultant - Palisades West, 6300 Bee Cave Road Texas & West Coast Building One [email protected] Austin, TX 78746 T: +1 (832) 886-7255 Tel: +(1) 512 306 5917

CARMIGNAC Javier Arriagada Paseo Eduardo Dato 18 3a Regional Director - Latin America & Offshore 28010 Madrid [email protected] Tel: +(1) 786 590 90 25 DOUBLELINE Charlotte Samson 333 South Grand Avenue Head of US Offshore & Latam 18th Floor [email protected] Los Angeles, CA USA Tel: +(1) 646 675 3042 COLUMBIA THREADNEEDLE INVESTMENTS Joel Peña Madrid US Offshore, Canada & Latin America Tel: +(34) 911 873 100 [email protected]

Isidora Goyenechea 3000, Piso 23, Of. 2315 EATON VANCE Las Condes, Santiago. Chile Two International Place DL: +562 2364 4235 Boston, MA 02110 M: +569 4133 5003 Tel: +(1) 305 240 1920

Rubén García Páez Juan Garcia Head of Iberia & Latam Distribution Associate Regional Sales Representative [email protected] Offshore Specialist Santiago Zarauza Riestra [email protected] Director | Latin America Sales Distribution santiago.zarauza@ FRANKLIN TEMPLETON columbiathreadneedle.com INVESTMENTS 100 Fountain Pkwy CULLEN 2nd floor 645 Fifth Avenue. Suite 700 St. Petersburg, FL 33716 New York, NY 10022 Tel: +(1) 727 299 3313 *distributed by BECON Invesment Management Shane Cunningham BECON IM National Sales Manager Americas Offshore [email protected] [email protected] Tel: +(54) 11 4806 6996

8 GAM Laure Peyranne One Rockefeller Plaza. 21st Floor Head of ETF New York, NY 10020 [email protected] Tel: +(1) 212 407 4600 J.P. MORGAN ASSET Juan Ramón Caridad MANAGEMENT Country Head Iberia + LatAm Avenida Apoquindo 2827 [email protected] Las Condes, Floor 13 Tomás del Campo Santiago, 7570025, Chile Client Manager [email protected] Avenida Paseo De Las Palmas 405, Piso 16 Carmen van Roon Pence, CAIA Ciudad De Mexico, 11000, México Director - Intermediary Sales [email protected] Juan Pablo Soffia Moller Executive Director - Head of GOLDMAN SACHS Southern Cone Madrid [email protected] Tel: +(34) 91 700 6000 Juan Pablo Medina Mora Head of Asset Management - Mexico Lucia Catalán [email protected] Head of Iberia & Latin America Third Party Distribution JUPITER ASSET MANAGEMENT* [email protected] The Zig Zag Building 70 Victoria Street. London, SW1E 6SQ HSBC ASSET MANAGEMENT Tel: +44 (0) 20 3817 1000 452 Fifth Ave. 7th Floor *distributed by DaVinci Partners NewYork, NY 10018 Tel: +(1) 212 525 6054 William Lopez Head of Latin America and US Offshore Shadia Fayad [email protected] Institutional Sales Santiago Queirolo [email protected] [email protected]

JANUS HENDERSON INVESTORS LA FINANCIERE DE L’ECHIQUIER 201 Bishopsgate - London - EC2M 3AE - 53 avenue d’Iéna United Kingdom 75116 Paris (France) Tel: +(44) 207 818 4411 Tel: + 33 1 47 23 90 90 Tel: + 34 650 540 868 Ignacio De La Maza *distributed by Unicorn Strategic Partners Head Sales Europe&LATAM [email protected] Mathias Blandin Director de Desarrollo de Negocio - INVESCO Iberia & Latam C/ Goya 6, 3ª planta [email protected] 28001 – Madrid (España) Eduardo Ruiz-Moreno Tel: +34 917 813 028 Latam Institucional [email protected] Isabel Valenzuela Relationship Manager [email protected]

9 COMPANY INFORMATION

Corporate Office - Americas

DWS - 875 Third Avenue. New York, NY 10022 Web dws.com/LatinAmerica

HELPING INVESTORS PURSUE THEIR DIVERSIFICATION GOALS…GLOBALLY

WHO IS DWS?

• From financial professionals and institutions in Latin America to sovereign wealth funds and central banks, partnering with a large, global asset manager offers some key potential advantages. Perhaps the most compelling is the ability to access a diverse set of investment strategies, available in a variety of structures. Owed to operations in Europe and a presence in offices around the world, the firm can offer a number of cross-border investment funds and ETPs including a lineup of actively- managed UCITS, passive UCITS through DWS Xtrackers and U.S.-domiciled active and passive Xtracker funds.

• With approximately $963bn in (USD as of year-end December 2020) in both liquid and illiquid asset types, and offices in 23 different countries, DWS is a truly international investment manager that can offer investors a variety of strategies, while being headquartered in allows for us to provide investors a uniquely global view on markets around the world.

FOR INVESTORS, DWS we were given an A+ rating INDIVIDUAL OR MULTI- REPRESENTS… in the annual Principles for ASSET STRENGTHS A multi-credit specialist: Responsible Investment (PRI) DWS CAN DELIVER Global fixed-income markets assessment for the third Active are inefficient in our view, year in a row, along with ESG • Global equity income & which can create opportunities being integrated into the dividend strategies that can be exploited through investment process for equity • Regional equity for an integrated, research-driven and fixed income strategies Developed and Emerging process An index-based solutions Markets including Latin An established alternatives thought leader: With a America, Europe, Germany, manager: With more than 45 robust capital markets U.S., and Japan years of experience in the trading platform, we have an • ESG and Sustainable asset class, DWS provides an ability to provide investors Development Goal-driven array of illiquid opportunities with a variety of customized portfolios in regional private real estate replication opportunities • Strategies across small-, equity and debt, traditional Both a global and regional mid-, and large-cap equity , private credit, equity manager: By • USD and non-USD money and infrastructure equity and determining the most markets debt important factors for • Ultra-short duration fixed- A pioneer in responsible market prices, we can spot income programs investing: Sustainability inefficiencies in the market • Regional and global resonates throughout and offer investors various investment-grade credit DWS, at the corporate and equity strategies for different capabilities, and Asian credit management level where outcomes or solutions • U.S., European and global

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high-yield a focus on environmental, • Direct equity and debt • Esoteric structures such as social and governance investments focusing convertibles, bank loans, • Thematic ETFs that can on private economic hybrids, and structured capture the opportunity infrastructure assets finance on future-looking trends • Liquid real assets investing Passive occurring globally that includes global • Physical and synthetic • Systematic approaches and regional real estate replication of equity and to the market that can securities as well as global fixed-income benchmarks employ strategies such as infrastructure securities and since 1999 swaps, volatility, factors, commodities • U.S. and UCITS commodities, and currency • Access to private credit complementary offering hedging investment opportunities of vehicles such as ETFs, Alternatives through a partnership ETCs, segregated/separate • Diversified global platform with a recognized mutual accounts, and other pooled of investment opportunities insurance company investments supported by dedicated • Private equity solutions • Core ETF range that can global research resources through co-blended funds, provide a key foundation for • Direct real estate co-investment opportunities portfolio development based investments covering and bespoke solutions that on major equity and fixed- private core and non-core, operates at the intersection income indices as well as debt strategies, of direct buyout, co- • Sustainable equity and either through funds or investment and secondaries fixed-income indices with separate accounts markets

DWS Latin America & U.S. Offshore Coverage Team

Jesús Martín del Burgo Salvador Gómez Aiviel Sánchez Head of Latin America Coverage Head of Passive Sales-Latin Relationship Manager +1 212 454 0285 America & U.S. Offshore +1 212 454 0227 [email protected] +1 347-430-7745 [email protected] [email protected]

Stella Gonzalesvigil Ana Ng Relationship Manager Coverage Support Specialist +1 212 454 0064 +1 904 271 2812 [email protected] [email protected]

For institutional use and registered representative use only. Not for public viewing or distribution. Investments in mutual funds involve risk. Stocks may decline in value. Bond investments are subject to interest-rate, credit, liquidity, and market risks to varying degrees. Credit risk refers to the ability of an issuer to make timely payments of principal and interest. Investing in derivatives entails special risks re- lating to liquidity, leverage and credit that may reduce returns and/or increase volatility. Investing in foreign securities, particularly those of emerging markets, present certain risks such as currency fluctuations, political and economic changes, and market risks. There are additional risks associated with investing in commodities, high-yield bonds, aggressive growth stocks, non-diversified/concentrated funds and small- and mid-cap stocks which are more fully explained in their prospectuses. Xtrackers ETFs (“ETFs”) are managed by DBX Advisors LLC or DBX Strategic Advisors LL (the “Advisors”) and distributed by ALPS Distributors, Inc. (“ALPS”). The Advisors are wholly owned subsidiaries of DWS Group, and are not affiliated with ALPS. ETFs: Shares of the funds may be sold throughut the day on the exchange through any brokerage account. However, shares may only be purchased and redeemed directly from the funds by authorized participants in very large creation/redemption units. There is no assurance that an active trading market for shares of a fund will develop or be maintained. One cannot invest directly in an index. The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas, Inc. and RREEF America L.L.C. which offers advisory services. ©2021 DWS Group GmbH & Co. KGaA. All rights reserved. I-080637-1 11 COMPANY INFORMATION

GAM USA Inc. Telephone +1 (212) 407 4600 One Rockefeller Plaza, 21st Floor Website www.gam.com New York, NY 10020, USA E-Mail [email protected]

GAM INVESTMENTS IS ONE OF THE WORLD’S LEADING INDEPENDENT, PURE-PLAY ASSET MANAGERS. WE PROVIDE ACTIVE INVESTMENT SOLUTIONS AND PRODUCTS FOR INSTITUTIONS, FINANCIAL INTERMEDIARIES AND PRIVATE INVESTORS.

For over 35 years we GLOBAL PRESENCE INDEPENDENT have employed an active AND REACH As an independent asset investment management With around 747 people manager we are able to approach based on original in 14 countries, we are a pursue and develop our thought, freedom of action truly global firm in scale business without many and true conviction investing. and resources, yet small of the constraints or enough to remain nimble pressures typically faced Our team consist of 136 and flexible to meet clients’ by asset managers that are investment professionals needs. We support our embedded in large financial covering an extensive range growth with an extensive conglomerates. We believe of investment styles, asset distribution network which this makes us an attractive classes and markets. includes sales, marketing, home for investment talent. product development and The core investment product management. Our Our processes and business is complemented investment professionals structures are designed by private labelling services, work from the global hubs to foster independent which include management of London, Cambridge, thinking and swift decision company and other support Zurich, Hong Kong, New York, making within a tightly services to third-party Lugano and Milan. controlled risk framework. institutions. Our investment teams do not adhere to a particular ‘house style’. Instead, they are

12 ASSET MANAGER’S GUIDE

encouraged to maximize the active investment strategies innovation. Our constant potential of their portfolios across asset classes and drive to look forward and to by developing their own styles, with core capabilities adapt to the needs of our high-conviction views of the in fixed income, equity, clients helps us to capitalize markets. systematic, absolute return, on our strengths, addressing alternatives and multi asset secular industry trends COMPREHENSIVE solutions. with innovative, appropriate PRODUCT RANGE solutions. Over more than three PRODUCT INNOVATION decades, we have developed We have always placed a a comprehensive range of strong emphasis on product

BROAD RANGE OF TRADITIONAL AND ABSOLUTE RETURN STRATEGIES

Fixed income Multi asset Equity Systematic Alternatives Absolute return

Developed mkts Target return Developed mkts Diversified Alternative Equity long/ Europe Defensive Europe Dynamic Credit Investments short Global Core Global Macro Solutions Europe Inflation linked Plus Japan Quantitative Multi strategy Global North America North America multi strategy Single strategy Flexible Advisory Macro/managed Emerging mkts Benchmark Emerging mkts Equity solutions futures Asia constrained Asia Long only Blend Benchmark China Long/short Fixed Income Credit unconstrained Global Hard currency Alternative risk Local currency Risk rated Thematic premia Sustainable Defensive Healthcare Cautious Luxury brands Specialist Balanced Technology ABS/MBS Growth ILS/Cat bonds Dynamic growth Credit/high yield

Tomás del Campo Carmen van Roon Pence, Andrea Vaitukaitis Client Director CAIA Director – Interm. Sales T +34 (0) 91 140 0714 Director – Interm. Sales T +1 (0) 212 407 4605 [email protected] T +1 (0) 212 407 4610 [email protected] [email protected]

Alvaro Carbon Ripepi Juan Ramón Caridad, José Pedro Jácome Client Director CAIA, MFIA Client Director LatAm and Iberia Country Head Iberia + LatAm T +44 (0) 20 7917 2539 T +34 91 140 0715 T +34 (0) 91 140 0717 [email protected] [email protected] [email protected]

Isabel Navalon Carlos Álvarez García, MFIA Ana Maria Servia Blanco Client Support Executive Client Director Office Manager T +34 (0) 91 140 0716 T +34 (0) 91 140 0718 T +34 (0) 91 140 0723 [email protected] [email protected] [email protected]

Important legal information The information in this document is given for informational purposes only and does not qualify as investment advice. Opinions and assessments contained in this document may change and reflect the point of view of GAM in the current economic environment. No liability shall be accepted for the accuracy and completeness of the information. Past performance is no indicator for the cu- rrent or future development. Investments should be made only after thorough reading of the current statutory prospectus and/or the fund regulations, the KIID, the articles of association and the current annual and semi-annual report and following advice from an independent finance and tax specialist. 13 COMPANY INFORMATION Headquarters

Janus Henderson Investors 201 Bishopsgate - London - EC2M 3AE - United Kingdom Ignacio de la Maza Telephone +442078184411 Head Sales Europe&Latam Email [email protected] Ignacio.delamaza@ janushenderson.com

Latam Sales Contacts

Francisco Bertomeu Julieta Vosguerichian Eduardo Waib Martín Guerra Sales Manager Sales Manager Sales Manager Sales Support Manager francisco.bertomeu@ julieta.vosguerichian@ Eduardo.Waib@ martin.guerra@ janushenderson.com janushenderson.com janushenderson.com janushenderson.com

INVESTED IN CONNECTING cycles. Through times of both market calm The notion of “connecting” is powerful – it has and growing uncertainty, our managers apply shaped our evolution and our world today. At their experience weighing risk versus reward Janus Henderson, we seek to benefit clients potential – seeking to ensure clients are on through the connections we make. the right side of change.

Connections enable strong relationships with clients based on trust and insight as well WHY JANUS HENDERSON INVESTORS? as the flow of ideas among our investment At Janus Henderson, we seek to link our teams and our engagement with companies, world-class investment teams and experien- all of which allow us to make a positive diffe- ced global distribution professionals with our rence. These connections are central to our clients around the world. We believe in: values as a firm, to what stands for and to the outperformance we • Active because active matters seek to deliver. We selectively invest in what we believe are the most compelling opportunities. Our in- AT A GLANCE vestment teams are free to form their own Janus Henderson is a global asset manager views and seek to actively position portfo- with more than 345 investment professionals lios to connect clients with their objectives. and expertise across all major asset classes. Our individual, intermediary and institutional • Global strength to deliver local solutions clients span the globe and entrust us with We offer true global reach with a presence more than US $336.7bn of their assets*. Our in all major markets, combined with the commitment to active management offers responsiveness, tailored solutions and clients the opportunity to outperform personal touch you would expect from a passive strategies over the course of market local partner.

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• Empowering clients through Knowledge Shared GLOBAL STRENGTH We connect our clients with insights and knowledge that empower them to make better investment and 15 55 business decisions. Assets under 358.3 bn management AS A CLIENT, YOU SHOULD EXPECT 30 1. Collaboration We work as teams across functions towards the end goal 13 46 of delivering for clients. We believe in blending the views ver 346 of experts and reaching solutions together. investment 2. Alignment professionals We are a partner seeking to evolve what we offer and pro- 41 vide expert insight to help inform client decision-making throughout the investment journey. 3. Access We continue to enhance our distribution channels and More than 2,000 broaden our reach across product ranges to allow more employees clients to tap into our areas of strength. 4. Support Investment performance is what we seek to deliver but there are additional ways that we can add value as an active manager. These vary by the needs of our clients, but we offer our services as widely as possible. worldwide

INVESTMENT EXPERTISE

We offer expertise across all major asset classes, with ver 4,300 investment teams situated around the world. These companies met teams and their approaches are shaped with the client by investment in mind. Products are developed to meet evolving needs, and investment managers operate within clearly articula- teams in 2019 ted parameters as they seek to achieve stated or agreed upon objectives. Transparency of process, positioning North America EMEA & LatAm and progress towards meeting objectives are central to Asia Pacific our approach, and our investment and distribution teams Source Janus Henderson Investors, seek to keep clients informed at every stage. as at 30 September 2020

For professional investors only. Not for onward distribution. For promotional purpose.

This [document] is intended solely for the use of professionals, defined as Eligible Counterparties or Professional Clients, and is not for general public distribution. [We may record telephone calls for our mutual protection, to improve customer service and for regulatory record keeping purposes.]

Janus Henderson Investors is the name under which investment products and services are provided by Janus Capital In- ternational Limited (reg no. 3594615), Henderson Global Investors Limited (reg. no. 906355), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Equity Partners Limited (reg. no.2606646), (each registered in England and Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial Conduct Authority) and Henderson Management S.A. (reg no. B22848 at 2 Rue de Bitbourg, L-1273, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier).

[Janus Henderson, Janus, Henderson, Perkins, Intech, VelocityShares, Knowledge Shared, Knowledge. Shared and Knowledge Labs] are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc

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LA FRANÇAISE MAN GROUP Castellana 92. 28046 Madrid London / Montevideo Tel: +(34) 91 76 97 902 Riverbank House, 2 Swan Lane | London EC4R 3AD | United Kingdom Gerardo Duplat Tel. +44 207 144 3377 Head of Business Development Iberia & Latin America Gadi Slamovitz [email protected] Managing Director, Latin America [email protected] LAZARD ASSET MANAGEMENT 777 Brickell Avenue. Miami, FL 33131 MATTHEWS ASIA Tel: +1 212 632 1325 4 Embarcadero Center Cell: + 1 732 325 5899 Suite 550 San Francisco CA 94111 Eduardo Mora Tel: +(1) 415 954 4510 North America Offshore Distribution [email protected] Jenny Ng Global Client Relationship Manager LORD ABBETT [email protected] 90 Hudson Street Jonathan Schuman Jersey City, NJ 07302-3973 Global Head of Sales and Client Service Tel: +(1) 201 827 4266 [email protected]

Martin Hofstadter M&G INVESTMENTS Director US Offshore - The Americas 1395 Brickell Avenue [email protected] Suite 800 Miami, FL 33131 LYXOR ASSET MANAGEMENT +44 20 3755 8000 1251 Avenue of the Americas, 46th floor New York, NY 10020 Ander López Tel: +(1) 212 205 4038 Sales Director - LATAM [email protected] David Isacovici Luis Solorzano Director Business Developmet Business Development Manager - LatAm [email protected] [email protected]

LYXOR ETF MFS INTERNATIONAL Torre Picasso, Plaza Pablo Ruiz Picasso 1 Miami 28020 Madrid (Spain) 801 Brickell Ave Tel: +(34) 91 589 50 35 9th floor, suites 915&918 Tel: +(1) 305 987 0054 Pedro Coelho Head of Lyxor ETFs Iberia & LatAm Jose Corena [email protected] Managing Director Americas Paloma Torres [email protected] Client Relationship Manager Iberia & LatAm [email protected]

16 MIRABAUD ASSET MANAGEMENT NEUBERGER BERMAN Calle Fortuny, 6 1290 Avenue of the Americas 28010 Madrid (Spain) New York, NY 10104 Tel: +(34) 91 793 78 10 *distributed by BECON Invesment Management Elena Villalba Managing Director, Iberia & Latam BECON IM [email protected] [email protected] Tel: +(54) 11 4806 6996 MORGAN STANLEY INVESTMENT MANAGEMENT NEW CAPITAL 200 South Biscayne Blvd Leconfield House 51st Floor Curzon Street Miami, FL 33131 London W1J 5JB Tel: +(1) 305 533 5320 Phone +44 (0)207 173 8065 *distributed by BECON Invesment Management Carlos Andrade Managing Director, Head of Latin America BECON IM and US Offshore Sales [email protected] [email protected] Tel: +(54) 11 4806 6996 MUZINICH NINETY ONE Madrid 65 E 55th Street Tel: +(34) 910 848 895 30th Floor *distributed by Unicorn Strategic Partners New York, NY 10022 Tel: +(1) 917 206 5179 Rafael Ximénez de Embún, CFA *distributed by Compass Group Managing Director Iberia and Latam [email protected] Richard Garland Florencia Bunge Managing Director, Global Advisor Partner - Latam Retail [email protected] [email protected] Renzo Nuzzachi Eduardo Ruiz-Moreno Head of Intermediaries Business Latam Institucional [email protected] [email protected]

NN INVESTMENT PARTNERS NATIXIS INVESTMENT MANAGERS Schenkkade 65, 888 Boylston Street 2595 AS The Hague Boston, MA 02199-8197 The Netherlands Tel: +(1) 888-449-4947 Tel: +(31) 6 1207 9841

Sophie del Campo Ivan Mascaró Guzmán Executive Managing Director Iberia, Latin Managing Director - LatAm & US Offshore America and US Offshore [email protected] [email protected]

17 COMPANY INFORMATION

Head office

• M&G Investments • Year of foundation: 1931 • Headquarters address: 10 Fenchurch Avenue, London EC3M 5AG, London, United Kingdom • Americas office address: Quest Workspaces, 1395 Brickell Avenue, Suite 900, Miami, FL 33131

Telephone +1 786 589 3815

Email [email protected]

Web http://www.mandg.com/americas/

Assets Under Management Number of offices and distributes worldwide (as at 30 June 2019) M&G operates in its funds in

335.6 US$ bn 16 countries 23 territories

M&G is one of Europe’s better service to US Offshore the freedom and resources largest active asset and Latin America Onshore they need to develop their managers, known for its clients. individual investment conviction-led and long-term strategies and act on their approach to investing. M&G At M&G, we take the time convictions. Furthermore, has been at the forefront of to understand our clients’ fund managers are able to investment thinking over the specific needs and we pride draw upon the skills and years, constantly seeking ourselves on our ability to research of an extensive to develop our product respond to those needs in-house team of credit and range to provide the best through a combination of equity analysts, as well as investment opportunities global capabilities and local the significant support of for our investors worldwide. market perspectives. their dedicated investment Since 2006, when a number specialists. Backed by a team of M&G funds were registered With over 2,200 professionals of support staff the fund in Chile, M&G has been worldwide, 630 of which are managers can concentrate present in Latin America for investment professionals, on what they do best, over 10 years. Since then the we place a high value making superior investment activity and coverage has on developing individual choices for your clients. This increased throughout the expertise and cultivating a independent thinking sets region. In 2018, M&G opened culture of longevity. M&G’s M&G apart. an office in Miami to provide fund managers are given

18 ASSET MANAGER’S GUIDE

Ignacio Ander López Luis Solórzano Eric Platt Rodríguez Añino Sales Business Sales Support Chief Distribution Director Development Latin America Officer Americas Latin America Manager Latin America [email protected] / [email protected] / [email protected] / [email protected]

TWITTER

Official account from the Fixed Income team blog @bondvigilantes Official account from the Multi asset team blog @allocation_en Official account from the Equities team blog @equitiesforum

The value of a fund’s assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested.

For Investment Professionals only. Not for onward distribution. No other persons should rely on any infor- mation contained within. AUM figures: M&G Investments as at 30 June 2020. Staff figures: M&G, as at 31 Decem- ber 2020. The views expressed represent the opinions of M&G Investments which are subject to change and are not intended as investment advice or a forecast or guarantee of future results. Stated information is provided for informational purposes only. It is derived from proprietary and non-proprietary sources which have not been inde- pendently verified for accuracy or completeness. While M&G Investments believes the information to be accurate and reliable, we do not claim or have responsibility for its completeness, accuracy, or reliability. Statements of future expectations, estimates, projections, and other forward-looking statements are based on available information and management’s view as of the time of these statements. Accordingly, such statements are inherently speculative as they are based on assumptions which may involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such statements. This financial promotion is issued by M&G International Investments S.A. The registered office is 16, boulevard Royal, L-2449, Luxembourg.

19 Expertise Through Collaboration

FACTS & FIGURES*

• Founded in 1924 • $608 billion in assets under management • A broad range of global, regional equity and fixed income investment products • Nine worldwide research offices and eight sector teams; 291 equity, credit and quantitative investment professionals monitoring securities globally

As of 12/2020

CONTACT US L. Jose Corena Managing Director - Americas / [email protected] / +617-755-7949

Argentina, Uruguay, Brazil, Ecuador, Paraguay and Venezuela • Stephan Von Hartenstein - Director: [email protected] / +54 9 11 5949-1180 • Ignacio Durañona - Director: [email protected] / +54911 4165-5183 Sales Representative • Diana Rueda: [email protected] / +305-789-6678 Chile and Peru • Enrique Pérez Iturraspe - Director: [email protected] /+569 7614-6486 Sales Representative • Pablo Rodriguez: Sales Representative for Panama and Colombia [email protected] /+617-954-6044 Southeast US, Caribbean, Costa Rica, Central America, Panama*, Colombia**, Mexico, US West Coast, Western Canada and Hawaii • Philip Dieffenbacher - Director [email protected] / +1 646-306-9206 • Eric Figueroa - Associate Director [email protected] / +1 786-858-8789 • Drew Chisholm - Regional Manager [email protected] / +1 617-954-5682 • Henry Myers - Sales Representative, Southwest and West Coast Regions [email protected] / +1 617 954 5682 Sales Representative • Luis Carlos Ramirez: [email protected] / +1 617-954-4195 • ** Pablo Rodriguez: [email protected] / +1 617-954-6044 Southwest US • Jennifer Whitney - Director: [email protected] / +1 512-415-6602 Northeast US, Bermuda and Eastern Canada • Danielle Spry - Director: [email protected] / +1 978-821-5355 Sales Representative • David Szabo: [email protected] / +1 617-954-4429

* All figures as at 31st December 2020 20 ASSET MANAGER’S GUIDE

Since launching the first MFS Meridian® Funds US open-end Capabilities To Help Meet Client Needs in 1924, MFS® has been committed to a single MULTI Global purpose: to create value by ASSET allocating capital responsibly US Corporate for clients. FIXED Global Corporate Through our powerful global INCOME Emerging Markets investment platform, we US Government / Sovereign uncover what we believe are the best investment Global opportunities in the market US through: EQUITY Emerging Markets • Collective expertise European • Thoughtful risk management Asia Pacific • Long-term discipline

COLLECTIVE RISK MANAGEMENT LONG-TERM DISCIPLINE EXPERTISE We aim to take risks when we Time is critical to investing. Diversity of thought is so believe we’ll be rewarded. To We need to focus on what critical to a sound investment help improve client outcomes, drives long-term value, thesis that we not only we focus on fundamentals position in light of market encourage it, we insist on and assess material factors volatility and have the it. Good investment ideas that could jeopardize a conviction to take advantage become great decisions when company’s long-term value. of the opportunities we they can stand the test of identify. active debate.

• Sustainable investing describes our fundamental investment process; it is not a separate discipline with different inputs or outcomes. As such, our sustainable investment process requires that all of our investment professionals are actively engaged in, and responsible for, its success. • Our approach to sustainable investing encompasses the integration of material environmental, social, and corporate governance (ESG) factors into our investment process along with carefully considered proxy voting policies and thoughtful issuer engagement. This approach enables us to consistently identify companies that we believe exhibit sustainable, long-term competitive advantages which is essential to our sole purpose: to create value by allocating capital responsibly.

We would be pleased to hear out about how we could help you and your clients. Feel free to connect with your regional MFS representative to start the conversation.

• 801 Brickell Ave, 8th Floor. Suites 802 & 803 / Miami, FL 33131

See the fund’s offering documents for more details, including information on fund risks and expenses. For additional infor- mation, call Latin America: 416.506.8418 in Toronto or 352.46.40.10.600 in Luxembourg. MFS Meridian Funds is an investment company with a variable capital established under Luxembourg law. MFS Investment Mana- gement Company (Lux) S.ar.l. is the management company of the Funds, having its registered office at MFS ( 2nd Floor ), 4 Rue Al- bert Borschette, Luxembourg L1246 (Company No. B.76.467). The Management Company and the Funds have been duly authorized by the CSSF (Commission de Surveillance du Secteur Financier) in Luxembourg. MFS Meridian Funds may be registered for sale in other jurisdictions or otherwise offered where registration is not required. MFS Meridian Funds are not available for sale in the United States or Canada or to US persons. Unless otherwise indicated, logos, product and service names are trademarks of MFS and its affiliates and may be registered in certain countries. MFS Investment Management Company (Lux) S.à.r.l. This material is for use only in North America, South America and Central America. FOR INVESTMENT PROFESSIONAL USE ONLY. Not intended for retail investors. 44599.4

21 COMPANY INFORMATION

Head office

Muzinich & Co. 450 Park Avenue. New York, NY 10022, USA

Managing Director Telephone + 34 91 084 8895 Iberia & Latam

Email [email protected] Rafael Ximénez de Embún Web www.muzinich.com

REGIONAL CONTACTS • Argentina - Florencia Bunge: +549 1135804052 / [email protected] • Uruguay - Gonzalo Viana: +598 99279792 / [email protected] • Uruguay - Magdalena Cabrera: +598 99337164 / [email protected] • Chile - Eduardo Ruiz: +562 28693290 / [email protected] • Chile - Matías Paulsen V.: +569 97444225 / [email protected] • Peru - Jorge Velarde: +51 421 8384 / [email protected]

Muzinich & Co is a privately- market. Since then, we have absolute return strategies, to owned investment firm expanded to cover almost syndicated loans and direct specializing in public every asset class across the financing of companies. Whilst and private markets. Our corporate credit spectrum – we remain responsive to philosophy is focused on from investment grade, high changing market conditions capital preservation, and yield, emerging markets, and the needs of our clients, we aim to deliver consistent risk-adjusted returns and to Muzinich UCITS Funds* minimize downfalls in volatile market environments. We offer solutions aimed to institutional Muzinich Enhancedyield Short-Term investors through 14 offices Muzinich EmergingMarketsShortDuration across the Americas, Europe Muzinich ShortDurationHighYield and Asia, and we serve our clients in the Latam region Muzinich Europeyield through the team based Muzinich Americayield in Spain and led by Rafael Muzinich Global High Yield Ximénez de Embún, Managing Director for Iberia & Latam. Muzinich Global Tactical Credit Muzinich LongShortCreditYield 30 YEARS MANAGING Muzinich European Credit Alpha CORPORATE CREDIT Muzinich Sustainable Credit Muzinich & Co was founded in New York in 1988, and in Muzinich Emerging Markets Debt 2020 it has been 30 years Muzinich Asia Credit Opportunities since we first allocated to the then nascent US high yield

*For a full list of available UCITS Funds and materials, please visit www.muzinich.com 22 ASSET MANAGER’S GUIDE

OUR GLOBAL INVESTMENT PLATFORM

Our investment platform spans the full credit spectrum. Our global presence and deep resources allow us to offer a broad range of corporate credit investment strategies across developed and emerging public and private markets. Global AUM as of December 31st, 2020: $US39.1bn

PUBLIC MARKETS

HIGH YIELD INVESTMENT ABSOLUTE MULTI-ASSET EMERGING SYNDICATED ($11.4BN) GRADE RETURN CREDIT MARKETS LOANS ($15.8BN) ($1.1BN) ($4.5BN) ($2.0BN) ($1.8BN)

• US • Crossover • Long/Short • Global • Short • US • Global Short • European Tactical Duration • Europe • Europe Duration Alpha Credit • Market • Short • Crossover Credit • European Duration Duration Market Multi- • Asia Duration Strategy- Credit • Global Solutions Opportu- Short nities Duration • Asia High Yield Credit PRIVATE MARKETS

PRIVATE AVIATION DEBT FINANCE** ($2.5BN)* Source: Muzinich & Co. figures and exchange rates as of December 31st, • Private • Equity 2020. For illustrative purposes only. There can be no guarantee that the Debt • Debt above objectives will be achieved. *For private debt accounts still in their in- vestment period, this reflects total gross committed capital from investors. • Liquid Alts • Advisory **Muzinich & Co.’s Aviation Finance business started on February 1st, 2020 Services and has not yet launched. Most recent data available used.

our investment approach has valued partners and to be and diversification. remained unchanged. We considered as an extension Responsible Investment continue to target income of their business. We believe responsible generation and long-term Independence investment is good capital appreciation with Our independence investment. Systematic limited volatility. encourages integrity in integration of important thought and action, allowing environmental, social and WHY MUZINICH? for unbiased, longer-term governance (ESG) factors thinking. provides valuable insight into Trust Credit Analysis drivers of business risk and Trust is the foundation We believe that robust can contribute to better long- on which the firm is built. fundamental research is the term risk-adjusted returns. We take our fiduciary long-term driver of attractive, Constructive dialogue or responsibility very seriously. risk-adjusted returns. engagement with companies Partnership Measured Risk Taking in our investment universe We work in partnership with We have a profound helps us to actively identify, our clients, developing a awareness of asymmetric monitor and manage ESG and relationship built on trust. risk and understand the financial risks. Our commitment is to become importance of stress testing

Muzinich & Co. views and opinion for illustrative purposes only, subject to change and not to be construed as investment advice or an invitation to engage in any investment activity. Past performance is not a reliable indication of future results. There can be no guarantee the above objectives will be met. Diversification does not guarantee protection from loss. Risk management involves an effort to manage risk but does not imply no or low risk. 23 COMPANY INFORMATION

Corporate Office

888 Boylston Street, Boston, MA 02199 USA Latin America sales office locations: Bogota, Mexico City, Montevideo Executive Managing Director Telephone +1 888-449-4947 Iberia, Latin America and US Offshore Email [email protected] Sophie del Campo Web im.natixis.com/latam

POWERED BY ACTIVE THINKING® FACTS & FIGURES

Assets Under Management1 Largest asset management firm worldwide2 $1,389.7B 17th

Investment strategies Independent, affiliated asset managers 200+ 20+

DIVERSE EXPERTISE TO Financial professionals and returns, reduce risk, and TARGET CLIENTS’ DISTINCT institutional clients benefit generate alpha. Tap into GOALS from a range of investment active managers across processes and cultures growth, value or thematic Natixis Investment Managers that make our multi-affiliate equities, flexible fixed income, offers active investment model truly different. This sustainable strategies, solutions from over 20 diverse and unconventional alternatives and private independent asset managers. thinking can help to enhance market investments.

FEATURED STRATEGIES FROM OUR HIGH-CONVICTION ACTIVE MANAGERS:

DNCA Europe Growth Ossiam Shiller Barclays CAPE US Sector Value Harris Associates US Equity Ossiam ESG Low Carbon Shiller Barclays Loomis Sayles Global Growth Equity CAPE US Sector Loomis Sayles Global Opportunistic Bond Thematics AI & Robotics Loomis Sayles Short Term EM Bond Thematics Safety Loomis Sayles US Growth Equity Thematics Subscription Economy Mirova Global Sustainable Equity WCM Global EM Equity

1. as of December 31, 2020. Assets under management (“AUM”), as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers. 2. Cerulli Quantitative Update: Global Markets 2020 ranked Natixis Investment Managers as the 17th largest asset manager in the world based on assets under management as of December 31, 2019. Before investing, consider the fund’s investment objectives, risks, charges, and expenses. You may obtain a prospectus or a summary prospectus on our website containing this and other information. Read it carefully. 24 ASSET MANAGER’S GUIDE

MORE INSIGHTFUL WAYS TO CONSTRUCT PORTFOLIOS

FUELING CONVERSATION. ESG INVESTING FROM ADVANCED ANALYTICS DRIVING IDEAS AND MULTIPLE ANGLES & ASSET ALLOCATION RESULTS. EXPERTISE Through the expertise of The Natixis Investment our affiliated managers, we Natixis Investment Managers’ Institute combines in-house have more than 30 years of Solutions team helps financial expertise with diverse experience in responsible professionals respond to perspectives of our affiliated investing. ESG considerations evolving needs with multi- asset managers for a 360° are a powerful lens that we asset investment offerings view of markets, asset use to uncover investment and advisory, structuring allocation trends and investor opportunities and identify risks and fiduciary management insight to help inform your – all to help achieve positive services. decisions. long-term returns for investors. • Customized and off-the- • Portfolio Analysis Reports: • ESG Integration: Include shelf multi-asset investment Insights into Latin American ESG factors in the investment solutions. & US Offshore advisors’ process to help achieve • Robust team of consultants, asset allocation and portfolio stable risk-adjusted returns analysts, and specialists in construction trends. over time. portfolio construction. • Global Survey of Investors: • Active Ownership: • Comprehensive Portfolio Our research captures Incorporate ESG issues into Evaluation based on attitudes, perceptions and our ownership policies and institutional-level, risk- behaviors of institutional, practices. focused analytics. insurance and financial • Negative/Positive • Specialized ESG Impact professionals and individual Screening: Screen securities Analysis to assess investors. using ESG or value-based sustainability in portfolios and • Macro and Market Views: criteria. underlying assets. Portfolio-level perspectives • Outcome-Oriented are offered by our market Strategies: Use ESG themes strategists. and positive impact to guide investment selection.

STRENGTH IN COLLABORATIVE PARTNERSHIPS Our responsive, dedicated team is focused on partnering with you to find optimal solutions for your investment goals.

ANDES: COLOMBIA, SOUTHCONE: PERÚ AND PANAMÁ MÉXICO URUGUAY AND CHILE

José Luis León Mauricio Giordano Martin Herbon Country Manager Country Manager Country Manager [email protected] [email protected] [email protected]

Lucas Pérez Sandrine Klock Gabriel Gaione Sales Manager Head of Wholesale Sales Manager [email protected] [email protected] [email protected]

All investing involves risk, including the risk of loss of capital. In Latin America: Provided to Professional Clients for information purposes only by Natixis Investment Managers S.A. Natixis Investment Managers S.A. is a Luxembourg management company that is authorized by the Commission de Surveillance du Secteur Financier and is incorporated under Luxembourg laws and registered under n. B 115843. Registered office of Natixis Investment Managers S.A.: 2, rue Jean Monnet, L-2180 Luxembourg, Grand Duchy of Luxembourg. The above referenced entities are business development units of Natixis Investment Managers, the holding company of a diverse line-up of specialized investment management and distri- bution entities worldwide. The investment management subsidiaries of Natixis Investment Managers conduct any regulated activities only in and from the jurisdictions in which they are licensed or authorized. Their services and the products they manage are not available to all investors in all jurisdictions. 25 ASSET MANAGER’S GUIDE

NORDEA PINEBRIDGE INVESTMENTS NAM Chile SpA El Regidor 66, Piso 14 Av. Vitacura 2670, Piso 15 – oficina 1512, Las Condes, Santiago, Chile 7550185 Las Condes, Santiago, 755098 Tel: +56 2 2 411-1020

Laura Donzella Adrien Grynblat Head of Institutional and Wholesale Senior Vice President, Business Distribution Iberia, LatAm and Asia Development, Latin America [email protected] [email protected] Roberto Martinho Managing Director – Head of Fund ROBECO Distribution Latin America 1111 Brickell Ave, Suite 2125. Miami, FL, 33131 E-mail: [email protected] Tel: +786 483 2500 Tel: +56 (2) 2820 4250 | www.robeco.com Mob: +56 96320 9008 Miguel Angel Suárez Juan Carlos Ravachi Sales Director – Andean Region Director, Senior Sales Manager, US Offshore E-mail: [email protected] & Latam [email protected] NUVEEN INVESTMENTS cell:+786 405 5317 501 Brickell Key Drive Julieta Henke Suite 504 Director, Senior Sales Manager, US Offshore Miami, FL 33131 & Latam Tel: +(1) 305 766 8555 [email protected] Cell: +305 297 0161 Tel: +56 9 7499 9251 Jason Schidler Managing Director, Region Head - U.S. Director, Senior Sales Manager, US Offshore Offshore & Latin America [email protected] International Advisory Services cell: +303 880 2278 [email protected] Mauricio Bernal Sales & Marketing PICTET ASSET MANAGEMENT [email protected] Calle de José Ortega y Gasset, 29 Cell: +786 239 6322 28006 Madrid (Spain) Tel: +(34) 91 538 25 00 RWC PARTNERS 2640 South Bayshore Drive. Suite 201 Gonzalo Rengifo Abbad Miami, FL 33133 Head of Distribution Iberia & Latam Tel: +(1) 305 602 9501 [email protected] James Tollemache PIMCO Head of Business Distribution 600 Brickell Ave, 21st floor. Miami, FL 33131 [email protected] Tel: 1-305-479-2200 SCHRODERS Marcello Pasquatti 875 Third Avenue Head of Latam Global Weatlh Management 22nd Floor Marcello.Pasquatti@.com New York, NY 10022 Tel: +(1) 646 747 4849

26 Gonzalo Binello VIRTUS INVESTMENT PARTNERS Head of Latin America and US Offshore One Financial Plaza. Hartford, CT 06103 [email protected] Tel: +(1) 215 208 9926

SEI Lijo John 1 Freedom Valley Drive Managing Director, Distribution Oaks, PA 19456 [email protected] Tel: +(1) 610 676 2436 VONTOBEL Iván Pabón 1540 Broadway. 38th Floor US Offshore -LatAm Sales Director and New York, NY 10036 Sr. Business Development Tel: +(1) 212 804 9300 [email protected] *distributed by Unicorn Strategic Partners (Argentina & Uruguay) SURA INVESTMENT and Altis Servicios Institucionals (Chile, Colombia, Mexico & Peru) MANAGEMENT Apoquindo 4820, piso 16 Jose Luis Ezcurra Santiago (Chile) Vontobel Asset Management Inc. Tel: +(56) 2915 2939 Executive Director - Country Head LatAm & US Offshore Gonzalo Falcone [email protected] Head of Global Distribution Florencia Bunge [email protected] Partner, Unicorn Strategic Partners Coverage: Latam Retail (Argentina and THORNBURG INVESTMENT Uruguay) MANAGEMENT [email protected] 2300 North Ridgetop Road José Gabriel Palma Santa Fe, NM 87506 Partner, Altis +(1) 305 988 6765 Coverage: LatAm Retail & Institutional (Chile, Colombia, Mexico, and Peru) Vince Leon, AAMS [email protected] Director, Offshore Advisory Channel [email protected] WELLINGTON Tel: + 1 (305) 988 6765 Wellington Management. Company LLP Miguel Cortabarria, CFA 280 Congress Street Offshore Investment Consultant Boston, MA 02210 [email protected] +1-617-951-5000 Tel: + 1 (917) 283 1338 *distributed by Compass Group

VANGUARD Daniel B. Isaacs, CFA Pedregal 24, Piso 23 Managing Director Latin America Molino del Rey, Miguel Hidalgo [email protected] Ciudad de México, C.P. 11040 Joana Antão McMullen Assistant Vice President Juan Hernandez [email protected] Head of Latin America Jorge Aguilo [email protected] Partner and Country Head USA [email protected]

27 COMPANY PROFILE Latin America Sales

Pictet Asset Management (Europe) SA, Sucursal en España Calle de José Ortega y Gasset 29 28006 Madrid – Spain

Telephone + 34 91 538 25 00 Web assetmanagement.pictet

e-mail [email protected] Blog am.pictet/es/blog

LinkedIn Pictet Asset Management Iberia & Latam

Total Assets Number of employees Parent company history 252 USD billion 1,000+ 1805

Investment professionals On-the-ground presence

of which over 180+ 380+ investment managers 18

As of 31/12/2020

ABOUT US Our mission is to build We are convinced that responsible partnerships with Environmental, Social Pictet Asset Management is our clients by exceeding their and Governance (ESG) a specialist asset manager expectations for investment considerations can help offering investment solutions performance and service. Our us make better long-term and services to investors aim is to be the investment investment decisions for around the world. Today we partner of choice to our clients. our clients. For decades, manage USD 252 billion of This means giving them our sustainability has been assets across our range of undivided attention, offering central to our way of pioneering and differentiating pioneering strategies and thinking. In doing so, we investment capabilities. being committed to excellence. have instinctively considered the interests of future We don’t do everything, We are part of the Pictet generations. rather we focus on the areas Group, founded in Geneva in where we can add value for 1805, which also specialises We believe in responsible our clients. We have over in Wealth Management, economies and take an 1,000 employees spread Alternative Advisors and enlarged view of the across 18 offices worldwide Asset Services. Privately economy and its interactions including 7 investment owned and managed by with civil society and the centres (Geneva, Zurich, seven partners, the Pictet natural environment. We are London, Milan, Singapore, Group has more than 4,700 committed to integrating Tokyo and Hong Kong). Our employees in 30 offices material ESG criteria in our clients include some of the around the world. investment processes and world’s largest pension funds, ownership practices with a sovereign wealth funds and OUR COMMITMENT TO view to enhance returns and/ financial institutions. RESPONSIBLE INVESTING or mitigate risks.

28 ASSET MANAGER’S GUIDE

Team Over 90%* of our assets under management are ESG integrated, including our Environmental and/or Social impact strategies & Best-in- class strategies.

STRATEGIC CAPABILITIES Gonzalo Rengifo Abbad Lorenzo Coletti Tiago Forte Vaz Regional Head, Head of Head of Brazil, Argentina Our investment resources are Iberia & Latam Intermediaries Latam & Uruguay focused around our strategic capabilities: • Absolute Return - Ambitious returns, risk controlled: First strategy launched in 2004, leveraging on our José Daniel Begoña Calvo Sandra Fernández core strengths of active Head of Marketing & Senior Sales Senior Sales Client Servicing Support Latam Support Latam and prudent portfolio management. Our absolute return strategies optimise investor returns whilst Key products meeting their risk tolerance. • Thematics - Driven by Megatrends: EQUITIES Innovating since 1995, our Pictet Asian Equities exJapan thematic equity strategies Pictet Clean Energy look beyond benchmarks to Pictet Global Environmental Opportunities offer investors the opportunity to capitalise on the most Pictet Global Megatrend Selection powerful trends shaping our Pictet Russian Equities world. 15 themed strategies (12 single themed and 3 multiple- FIXED INCOME themed strategies). Pictet-Chinese Local Currency Debt • Emerging Markets - Deep and broad knowledge: Pictet-Global Emerging Debt As early entrants into Pictet-Short Term Emerging Corporate Bonds emerging markets, since 1989, Pictet-Short Term Money Market we combine deep market knowledge with a disciplined LIQUID ALTS approach to risk to create a PPMF–CH-Physical Gold diverse range of bond, equity, multi-asset and absolute return Pictet TR–Atlas (Global equities long/short) strategies helping investors Pictet TR–Mandarin (Greater China equities long/short) capitalise on the dynamism of the emerging world.

*Long only strategies, excludes long/short strategies. All data as of 31st December 2020.

This material is for distribution to professional investors only. However it is not intended for distribution to any person or entity who is a citizen or resident of any locality, state, country or other jurisdiction where such distribution, publication, or use would be contrary to law or regulation. “Information used in the preparation of this document is based upon sources believed to be reliable, but no representation or warran- ty is given as to the accuracy or completeness of those sources. Any opinion, estimate or forecast may be changed at any time without prior warning. Investors should read the prospectus or offering memorandum before investing in any Pictet managed funds. Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. Past perfor- mance is not a guide to future performance. The value of investments and the income from them can fall as well as rise and is not guaranteed. You may not get back the amount originally invested.

29 COMPANY INFORMATION

Founded: 1804

Locations across Latin America: Argentina, Brazil, Chile, Mexico, US (Miami & New York)

Schroders CEO Peter Harrison

Head of Schroders Latin America Gonzalo Binello

Web www.schroders.com/americas

Nicolas Giedzinski Maria Elena Isaza, CIMA Head of US Offshore Head of Brokerage US Offshore nicolas.giedzinski@ mariaelena.isaza@ schroders.com schroders.com Mobile: (212) 632-2955 Mobile: (305) 775-3137

Assets Under Management3 Employees globally4 Operating in

649.6 US$ bn 5,500+ 37 locations

across Europe, the Americas, Asia Pacific, Middle East and Africa Our environmental social and governance principles are a key tenet of our philosophy years of experience and innovation 1,750+ Company engagements on ESG globally in 2019 216

YOUR INVESTMENT PARTNER IN NUMBERS

Investment management is our primary busi- We oversee $649.6bn on behalf of institutional ness and our goals are aligned with those of and retail investors, financial institutions and our clients – the creation of long-term value high-net-worth clients from around the world, to assist them in meeting their future financial invested across equities, fixed income, requirements. multi-asset, private assets and alternatives.

Source: Schroders, as of June 30, 2020. 1. Fitch Ratings, as of August 6, 2019. 2. Pensions & Investments, as of December 12, 2019. 3. Assets under management comprise assets managed RatedRated ‘Excellent’ ‘Excellent’ by Best place or advised on behalf of clients. Fitchby Fitch Ratings Ratings1 1 to work2 4. Employee data includes permanent and temporary staff.

All investments involve risk, including the loss of principal. The funds listed are only available to non-US domiciled investors. Schroder Investment Management North America Inc. (“SIMNA”) is an SEC registered investment adviser providing asset management products and services to clients in the US and Canada. SIMNA is an indirect wholly owned subsidiary of Schroders plc, a UK public company with shares listed on the London Stock Exchange, and is an SEC registered investment adviser providing asset management products and services to clients in the US and Canada. Schroder Fund Advisors LLC (“SFA”) is a wholly-owned subsidiary of SIMNA Inc. and is registered as a limited purpose broker-dealer with FINRA and markets certain investment vehicles for which SIMNA Inc. is an investment adviser. The Schroder mutual funds (the “Funds”) are distributed by SEI Investments Distribution Co (“SIDCO”), a member of FINRA. SFA previously served as the distributor of the Funds. Although SFA has been replaced by SIDCO as the distributor of the Funds, SFA continues to be involved in the distribution of shares of the Funds through an agreement with SIDCO, and SFA, SIMNA and their affiliates continue to provide shareholder services to the Funds. SIDCO is not an affiliate of Schroders plc. Schroder Adveq Management US Inc. (“Schroder 30 ASSET MANAGER’S GUIDE

Investment capabilities

EQUITY GLOBAL FIXED INCOME TRANSFORMATION RANGE Schroder ISF Global Credit Income Schroder ISF Global Energy Transition Schroder ISF Global Convertible Bond Schroder ISF Global Climate Change Equity Schroder ISF Global Corporate Bond Schroder ISF Global Disruption Schroder ISF Global High Yield Schroder ISF Global Sustainable Growth Schroder ISF Global Multi Credit Schroder ISF Securitised Credit EQUITIES Schroder ISF US Dollar Bond

Schroder ISF Asian Opportunities ALTERNATIVES & PRIVATE ASSETS Schroder China A Fund Schroder ISF Emerging Asia Schroder AS Commodity Fund Schroder ISF Global Emerging Market Schroder GAIA Contour Tech Equity Opportunities Schroder GAIA Wellington Pagosa Schroder ISF US Small & Mid-Cap Equity Schroder GAIA II Specialist Private Equity Semi Liquid Schroder Adveq Private Equity funds range

Not all funds and share classes are available to all investors

Total AUM by product and region. Total AUM $649.6bn

By product 9%9% Equities 12%12% 31%31% Multi-asset Fixed Income Income 19%19% Wealth Management Management 29% Private Assets & Alternatives 29% Private Assets & Alternatives

Source: Schroders, as of June 30, 2020

Contact us

Miguel Bustamente Alberto Vasquez Andres Uriarte Offshore Sales Director, West, Offshore Sales Director, Northeast Offshore Sales Director, Midwest, Home Office & Research & Canada Southeast & Caribbean [email protected] [email protected] [email protected] Mobile: (646) 432-3347 Mobile: (212) 641-3951 Mobile: (305) 748-5370

Adveq US” or “Schroder Adveq” herein) is registered as an investment adviser with the SEC. It provides asset management products and services to clients in the United States and Canada. Schroder Fund Advisors LLC (“SFA”) markets certain investment vehicles for which Schroder Adveq US is an investment adviser. SFA is an affiliate of Schroder Adveq US and is registered as a limited purpose broker-dealer with the Financial Industry Regulatory Authority. Schroder Adveq US is an indirect, wholly-owned subsidiary of Schroders plc. For more information, visit www.schroderadveq.com Schroder Secquaero (formerly Secquaero Advisors AG) is a Zurich-based, wholly owned subsidiary of Schroders plc, and provides non-dis- cretionary advice to certain strategies, including Insurance-linked securities, marketed in North America. Further information about Schroders can be found at www.schroders.com. For readers/viewers in the United States: Schroder Investment Management North America Inc., 7 Bryant Park, New York NY 10018-3706. CRD Number 105820. Registered as an investment adviser with the US Securities and Exchange Commission. 31 COMPANY INFORMATION

Headquarters

2300 North Ridgetop Road Santa Fe, New Mexico 87506 Director, Offshore Offshore Investment Advisory Channel Consultant Web www.thornburgglobal.com Vince León, AAMS Miguel Cortabarría, CFA 305-988-6765 917-283-1338 Independently owned and privately held since inception [email protected] Founded in 1982 [email protected]

Assets Under Management Employees

46 US$ bn in client assets* 250

IT’S MORE THAN WHAT WE DO. IT’S HOW WE DO IT

WHO WE ARE to our clients with innovative for opportunities across At Thornburg, we believe that investment solutions that are geographies, sectors, and siloed investment research highly active, high conviction, asset classes. leads to market inefficiencies. and benchmark agnostic. We exploit these inefficien- FIXED INCOME cies for our clients through a HOW WE DO IT Thornburg was founded on collaborative, benchmark-ag- When it comes to finding the belief that fixed income nostic investment process. We opportunity for clients, it’s managers should do a bet- oversee diversified invest- more than what we do. It’s ter job of preserving wealth ment solutions across fixed how we do it. for investors through active income and global equity management. With a strai- for institutions and financial PEOPLE ghtforward, fundamental advisors around the world. For Our investment team embra- approach, we seek to provide nearly four decades, we have ces a go-anywhere, collabora- clients with attractive returns delivered idiosyncratic alpha tive approach when searching and stability of principal.

Investment Professionals 49 Average PM Experience (yrs) 19 Average Tenure of PMs (yrs) 12

* Includes $44 billion in assets under management and $1.8 billion in assets under advisement as of January 31, 2021

32 ASSET MANAGER’S GUIDE

We launched our first fixed mental approach to equity income mutual fund in 1984. investing. Our investment FIXED INCOME SOLUTIONS Since then, we have launched culture demands diversity of Short-Term Bonds a series of actively managed thought, rigorous debate and Global Flexible Bonds strategies that can be used collaboration across asset to build a strong foundation classes. This creates the EQUITY SOLUTIONS for a diversified portfolio. long-term conviction neces- Equity Ex-U.S. sary for concentrated, Emerging Markets Equity EQUITY flexible strategies. Global Equity For decades, we have em- Aggressive Allocation/ ployed a bottom-up, funda- Dividend Focus

Investments carry risks, including possible loss of principal. All data as of of 1/31/21

Thornburg’s LEED gold certified headquarters in Santa Fe, New Mexico

33 THANKS TO OUR PARTNERS WHO HAVE CONTRIBUTED TO THE SUCCESS OF

COLCHESTER GLOBAL INVESTORS LIMITED

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