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Latin American Equity

Why Santander Asset Management for Latin American Equity?

Santander Asset Management’s core business is Latin America, where the bank’s operations are also strategically relevant. The unmatched resources on the ground combined with global expertise underscore SAM’s competitive advantage. We aim to provide investors with confidence through a fully integrated team of over 30 professionals exclusively dedicated to the asset class. Long term oriented fundamental approach anchors Local Alpha performance, which is optimized into a single strategy.

Investment Philosophy and Process

As an integrated investment team, we aim to invest in companies that create Value to shareholder on a consistent and sustainable manner with proven track-record of management. We focus on companies with solid free cash flow generation and earnings growth while at the same time increase returns on investment at reasonable valuation. Having local presence in the region allows us to convey more than +2000 meetings annually, searching for the desired characteristics in under-researched spots of the market. Thus, the strategy could be biased towards small and mid-cap.

Institutional Booklet Santander AM Latin American Equity Opportunities Fund Q2 2019 (PDF 1985 KB)

The Team

Luciano Buyo, Head of Latam Equities
Luciano Buyo

Luciano is a Head Portfolio Manager in Latin American equities team, based in London, UK. Luciano moved from Argentina to join SAM Madrid Global Latin American equities team in February 2012, as a Senior Portfolio Manager. Prior to that, he made his career in SAM Argentina since 2004, where he specialized in Latin American equities, first as a Portfolio Manager, then was appointed a Lead Portfolio Manager of the Equity team of 3 people. He managed directly 7 mutual equity funds with different investment objectives. Luciano began his career in S&P International Ratings LLC in 1997 as an Associate for Brazilian, Mexican, Peruvian and Chilean Markets. He is a CIIA Chart holder, hold a degree in Public Accounting from the University of Buenos Aires, Argentina, and holds a Master's degree in Finance from Universidad del CEMA, Argentina. Awarded 3 times Top Manager by Apertura-S&P.

  • 2 x London: Portfolio Managers
  • 10 x Brazil: Portfolio Managers, Analysts, Economists & Traders
  • 6 x Mexico: Portfolio Managers, Analysts, Economists & Traders
  • 8 x Chile: Portfolio Managers, Analyst, Economists & Traders
  • 2 x Argentina: Portfolio Manager & Analyst
  • 5 x Madrid: Specialized Latin American Traders and Economists