League Table – Assets Gathered by Cross-Border Fund Managers and ETF Sponsors – Chilean AFP Market – February 2025

Includes assets gathered by cross-border fund managers and ETFs sponsors in the Chilean pension funds market (AFPs). Also includes monthly inflows / outflows and market share. Data as of February 28, 2025

Companies mentioned in this report: iShares, Schroders, JPMorgan, Vanguard, Baillie Gifford, DWS, PIMCO, Allianz, Robeco, Ninety One, Veritas, Dimensional, Goldman Sachs, Abrdn, Invesco, State Street, Lord Abbett, Axa, BNP Paribas, UBS, Lazard, Man GLG, PineBridge, Pictet, GAM, BlueBay, Barings, HSBC, Nomura, Berenberg, Vontobel, Amundi, LarrainVial, Fidelity, Janus Henderson, Moneda, Credit Suisse, BlackRock, Franklin Templeton, Eastspring, Morgan Stanley, Nordea, Neuberger Berman, DoubleLine, AllianceBernstein, Credicorp Capital, Aviva Investors, Security, Van Eck, BTG Pactual, Edmond de Rothschild, NN IP, MainFirst, Oaktree, Acadian, TIAA-CREF, Santander, AZ Multi Asset, Ashmore, Bci, Matthews, EFG, Mirae, William Blair, Candriam, Legal & General, Muzinich, Bradesco, Lyxor, BMO, Zurich, Itaú, La Financière de l’Echiquier, WisdomTree, T. Rowe Price, ODDO BHF.

Bidding for participant stock raises concerns about impact on profitability

Returns for a pensioner could drop by an estimated 12%.

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CCR Monthly Approval Report – February 2025

A total of 13 products were added in the month from 10 different asset managers: Veritas, Credicorp Capital, Global X, Jupiter, RAMS, Bain Capital, Copenhagen Infrastructure Partners, I Squared Capital, One Equity Partners and Revcap.

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Strong criticism of the pension reform from some AFPs

The bidding process for 10% of existing participants is one of the issues of most concern to players in this market.

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Congress passes reform confirming the individually funded model

With the support of the main political forces, Congress finally passed the pension system reform. The reform raises contributions, confirms the role of AFPs and strengthens social protection.

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CCR Monthly Approval Report – January 2025

Sponsors gaining approval were Schroders, Ishares, Invesco, Nomura, Pamlico and Permira.

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CCR Monthly Approval Report – December 2024

Comgest, Lord Abbett, Jupiter, BC Partners and Novacap were the fund sponsors gaining approval for new product.

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Sartor and Taurus set off alerts due to fund management issues

Both managers have had problems in managing their products which has been questioned by the regulator and the market.

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CCR Monthly Approval Report – November 2024

A total of 10 products were added in the month from the following asset managers: Franklin Templeton, Mirae, Antares Capital, Bain Capital, Intermediate CP, K1 Investment Management and Oakley Capital.

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Diego Ceballos to succeed Sergio Soto at Santander AM

New CEO takes on the challenge of boosting market share.

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