Brazil: hire salespeople

EFAMA International Statistical Release (2010:Q3)

This release and additional tables 

of international statistics are

available on efama’s website

(www.efama.org)

 

Worldwide Investment Fund Assets and Flows

Trends in the third Quarter 2010

Brussels, 27 January 2011. Investment fund assets worldwide stood at €17.36 trillion at end September 2010, slightly below the €17.47 trillion recorded at end June 2010. Net cash flow to all funds increased in the third quarter to €156 billion in inflows, compared to €14 billion in net outflows in the second quarter.  Long-term funds experienced positive net cash flow for the sixth consecutive quarter, slightly increasing to €190 billion in the third quarter from €180 billion of inflows in the second quarter of 2010. Flows into bond funds, at €128 billion, accounted for over two-thirds of long-term fund flows in the third quarter. On the other hand, equity funds recorded outflows of €16 billion in the third quarter, the first such outflow since the first quarter of 2009. In contrast to long-term funds, money market funds continued to experience negative net cash flows for the sixthconsecutive quarter, albeit at a slower rate. Money market funds recorded outflows of €34 billion, significantly lower than the outflows €194 billionwitnessed in the second quarter of 2010.

The information presented in this report was compiled by EFAMA and the Investment Company Institute on behalf of the International Investment Funds Association, an organization of national investment fund associations. The collection for the third quarter of 2010 contains statistics from 45countries.

On a U.S. dollar-denominated basis, investment funds assets worldwide increased 10.5 percent in the third quarter of 2010, to $23.70 trillion. The difference with the slight decrease measured on a Euro-denominated basis reflects the strengthening of the euro by 11 percent over the quarter. For example, on a U.S. dollar–denominated basis and taking into account funds of funds, investment fund assets in the United States increased 7.9percent in the third quarter of 2010, compared with a 3.0 percent decrease on a Euro-denominated basis. 

On a Euro–denominated basis, equity fund assets increased 2.5 percent to €6.9 trillion in assets at the end of the third quarter of 2010, whilst balanced/mixed fund assets increased 2.2 percent. Money market fund assets dropped 7.9 percent to €3.4 trillion in the third quarter. Over the same period bond fund assets remained stagnant.

On a Euro–denominated basis, equity fund assets increased 2.5 percent to €6.9 trillion in assets at the end of the third quarter of 2010, whilst balanced/mixed fund assets increased 2.2 percent. Money market fund assets dropped 7.9 percent to €3.4 trillion in the third quarter. Over the same period bond fund assets remained stagnant.

Net cash flows into investment funds worldwide were €156 billion in the third quarter of 2010, the highest level of total net inflows seen since the first quarter of 2008, and significantly higher than the outflows of €14 billion recorded in the second quarter of 2010.

Equity funds worldwide experienced net cash outflows in the third quarter of 2010. Outflows from equity funds in the United States recorded €24 billion, lower than the outflows of €6 billion recorded in the second quarter of the year. However, Europe experienced inflows of €4 billion in the third quarter of 2010, notably higher than the outflows of €12 billion recorded in the second quarter.

Bond funds recorded strong inflows in the third quarter reaching €128 billion, up from inflows of €83 billion in the second quarter of 2010. Net flows into bond funds in the United States and Europe increased to €82 billion and €37 billion, respectively, in the third quarter, from €64 billion and €10 billion, respectively, in the previous quarter.

Worldwide net flows into balanced/mixed funds were €28 billion in the third quarter of 2010, down from €35 billion of inflows in the second quarter of 2010. Europe had €13 billion of inflows to balanced/mixed funds in the third quarter, compared to inflows of €21 billion in the previous quarter.  Net flows into mixed/balanced funds in the United States dropped to €3 billion in the third quarter from €5 billion in the second quarter.

Money market funds worldwide continued to experience outflows in the third quarter, however, at a drastically reduced rate than previous quarters.Worldwide outflows from money market funds totalled €34 billion in the third quarter, considerably lower than the €194 billion in net outflowsrecorded in the second quarter of 2010. Reduced net outflows were attributable to money market funds in the United States, were net outflows fell to €14 billion in the third quarter from €135 billion in the previous quarter. Outflows from European money market funds were €16 billion in the thirdquarter, still substantially lower compared to the net outflows of €52 billion registered in the second quarter.

At the end of the third quarter of 2010, 40 percent of worldwide investment fund assets were held in equity funds. The asset share of bond funds was 22 percent and the asset share of balanced/mixed funds was 11 percent. Money market fund assets represented 19 percent of the worldwide total.

The number of investment funds worldwide stood at 68,863 at the end of the third quarter of 2010. By type of fund, 40 percent were equity funds, 23 percent were balanced/mixed funds, 18 percent were bond funds, and 5 percent were money market funds.

Looking at the worldwide distribution of investment fund assets, the United States and Europe held the largest share in the world market, 47.5percent and 30.9 percent, respectively. Brazil, Australia, Japan, Canada and China follow in this ranking.  Taking into account non-UCITS assets, the market share of Europe reached 37.5 percent and that of the United States 43.0 percent.1

1

Assets of UCITS and non-UCITS funds in Europe at end Q3 2010 are provided in Table 6 in annex

Financials 2020

O setor financeiro já era bastante peculiar "before Inside Job" e continuará assim até que outro segmento corporativo catapulte tal posição, atualmente alterada com frequência apenas com Oil & Gas, um setor equivocadamente classificado pela Forbes The Global 2000  em função do peso econômico do setor fóssil, quando na verdade deve ser apenas Energy, em tempos de combate ao aquecimento global.

Até lá, devemos considerar o impacto do dinamismo do setor financeiro em nossas estratégias devido a frenética mudança de cadeiras ao ritmo de A&F que tornou, ainda que por pouco tempo, o Citigroup maior que todos os seus concorrentes quando atingiu market cap de US$ 251 bilhões, pulverizando as economias dos investidores quando foi reduzido para US$ 5 bilhões em 2008, valor inferior ao bolsa família brasileiro, para em seguida ser socorrido pelo bolsa banco do governo norte-americano, em parte com lastro nos investimentos brasileiros.

Embora o Citi não dorme nunca, alguma coisa mudou na foto oficial de fundo vermelho que passou a contar com alguns bancos brasileiros, novos protagonistas que não desistem nunca e que passam a impor uma nova agenda energética verde.

Enquanto o Goldman Sachs projetou em 2007 que a economia chinesa será maior que a norte-americana em 2027, o BNP Paribas refez os cálculos após a crise de 2008, lançando nova data:

2020. Dois mil e vinte. Daqui duas décadas, o que também significa que qualquer espirro na economia ou do clima,  afetará primeiro os países desenvolvidos e menos provavelmente os países em desenvolvimento focados em conforto, saúde e progresso.

O que chama a atenção nesta sopa de projeções é que a Índia dá um sprint em 2010, três posições atrás do Brasil para ser a maior economia do mundo em 2050 com os brazucas ocupando a 5º posição.

A julgar pelos investimentos brasileiros em capital de giro na economia norte-americana, hoje, e nossa responsabilidade indireta na Lybia, por exemplo, é possível que os indianos tenham puxado a sardinha para si devido as posições importantes que ocupam em empresas e bancos americanos. Sem contar a quantidade de gurus religiosos e de management de classe internacional pela fluência em inglês, produto da colonização inglesa.

Embora os brasileiros não contem com a vantagem liguistica dos indianos mas a expertisse global made in Brazil se manterá em alta pelas próximas décadas no tabuleiros global, o que exige nova postura estratégica criativa das multinacionais presentes ou ausentes país uma vez que as melhores cabeças brasileiras formadas e antes absorvidas no exterior, estão em franco refluxo, um movimento inédito lançado por Lula e continuado pela presidenta  Dilma.

Isto significa que a vantagem competitiva da língua que os indianos herdaram é superada pela fato de que, qualquer que seja a economia líder nas próximas décadas, vai requer energia elétrica e, a julgar que a crise financeira de 2008 precedida por crise energética, o Brasil será a maior economia do mundo, antes de 2020, pois esta melhor posicionado no mundo em commodity  nas próximas décadas.

Atualmente o Brasil forma profissionais em ritmo acelerado e diretores com três anos de experiência concluem projetos bilionários, algo impensável na Europa.
Some-se a isto, a demanda reprimida por CEOs de classe brasileira está elevando a importância de filiais ou a chegada de novas onde as decisões chaves, antes partindo das matrizes, implica na  transferência de algumas matrizes para o Brasil, ao passo que amplia-se a internacionalização de empresas brasileiras consolidando o Brazilian Way of  Management and Life e sem a necessidade de uma Hollywood ou aparato militar.

Facts About Citigroup

Country: United States
Sector: Financials
Industry: Banks
Number of Employees: 263.000

Open jobs: 631

About Citigroup

Citigroup, incorporated in 1988, is a global diversified financial services holding company. Citigroup provides consumers, corporations, governments and institutions with a range of financial products and services. As of December 31, 2009, Citigroup had approximately 200 million customer accounts and did business in more than 140 countries. Citigroup operates through two primary business segments.

Business segments
Citicorp, consisting of its Regional Consumer Banking (RCB) businesses and Institutional Clients Group (ICG), and Citi Holdings, consisting of its Brokerage and Asset Management (BAM), Local Consumer Lending (LCL), and Special Asset Pool (SAP). In April 2010, Barclays PLC acquired Italian credit card business of Citibank International Bank plc. In May 2010, the Company announced the creation of a new Collateral Management Services unit within its Securities and Fund Services business.


Working at Citigroup
One thing that all the people at Citigroup appreciate is the sense of opportunity. It manifests itself in many ways and, when you join Citigroup, you experience it every day. By being part of a truly international business, you will enjoy wide career choices and broad development opportunities. What is more, because innovation is fundamental to Citi Group's success, there is a sense of freedom.

In a genuinely supportive environment, working alongside the top talent in the industry, that does not just mean you have the chance to push boundaries: it gives you the opportunity to break them.

Graduate Programmes

In such a broad business, if you are serious about a career in financial services and have the right attitude and talent to achieve, Citigroup will have a program to match your ambitions. Citigroup offers the following programmes:


Capital Markets Origination - Analyst
The Capital Markets Origination team (Fixed Income Capital Markets and Equity Capital Markets) is focused on raising capital in financial markets for corporate and public sector organisations. CMO originates, structures and executes new issues of capital, provides clients with a range of related services and manages their existing liabilities. These services include secondary trading assistance, real-time market insight, hedging strategies, investor relations advice, regulatory assistance and equity-specific M&A guidance.


Global Transaction Services - Analyst
The GTS Analyst Program gives you a unique experience and a head start on a career in banking and finance within the EMEA region. The program is structured to ensure you build invaluable business, technical and leadership skills that will help you navigate and thrive in a fast-paced, multi-national corporate environment.

Global Transaction Services - Associate
Citigroup offer a number of diverse opportunities to challenge talented individuals across a broad base of skill-sets within their organisation. This also gives you the opportunity to work within a high performance team and contribute directly to the growth of this exciting business. In order to give you a better understanding of Global Transaction Services (GTS), the GTS Associate Program will run for just over two years. It consists of rotations within product and client sales management, and offers opportunities across the different geographies in EMEA.

Investment Banking - Analyst
Analysts are critical to the success of our investment bank. They provide the foundation for everything we do, from research, valuation and modelling to coordination.


Investment Bank - Associate
Associates are the linchpins of a project team, responsible for everything from the smallest detail to integrating high-level strategy. They will contribute their ideas, impact valuations and help to improve they way we deal with clients. These experiences are the best way to prepare for a future of more senior banking roles.


Citi Private Bank Junior Talent
The programme commences in July with an intensive training course. The programme is interactive, ensuring that you play a full part in the learning process and get the most out of the experience through relevant, stimulating and effective training. Initial training will take place with Analysts from other parts of the bank, including Capital Markets Origination, Investment Banking and Risk to help develop relationships across functions and businesses.

Sales and Trading - Analyst
The full-time Analyst Program commences in September with an intensive training course. The program is interactive, ensuring that you play a full part in the learning process and get the most out of the experience through relevant, stimulating and effective training.


Once you have completed the initial classroom based training, you will join Sales & Trading where you take part in a series of rotations across both Fixed Income and Equities before being finally placed at a desk. This decision is reached through your preferences and the requirements of our business. Citi Group's goal is to ensure that every Analyst is placed in a position that best matches your skill-sets and personal interests with their business needs.

Mathematical Finance Programme
Sales & Trading is heavily dependent on the use of mathematical and quantitative techniques. Innovation and excellence are driven by the use of new knowledge and new techniques that come both from within finance and from the wider academic arena. Consequently we place a great emphasis on attracting people to the firm who have very strong mathematical and analytical skills. The Markets Mathematical Finance Programme gives you the opportunity to undertake placements in the following areas: Quantitative Analysis, Structuring and Exotics Trading.


Management Associate Programme in Consumer Banking
Citi offers a spectrum of financial needs: credit cards, retail banking and consumer finance serving more than 15 million accounts with a variety of quality products and services delivered through 5,300 locations, as well as around the clock internet and telephone banking. Citi Group's established local and global presence means their customers can make transactions both in a single country and across regions.


 

Financials Sector

	Banks
	Consumer Financial Services
	Financial Services - Diversified
	Financials - Specialty
	Insurance - Life &; Health
	Insurance - Multiline
	Insurance - Property &; Casualty
	Investment Services - Diversified
	Real Estate Development &; Operations
	Reinsurance
	REITs - Residential
	Investment Services - Specialty
	Investment Banking &; Brokerage Services
	Investment Management &; Fund Operators
	REITs - Commercial
	Financial and Commodity Market Operators
	Insurance Brokers
	REITs - Diversified