After incorporating industry feedback, the Chilean regulator has broadened portfolio bands and tracking-error limits, giving AFPs greater flexibility in implementing generational investment strategies.
Grey and Lascar refresh their offerings, stirring up Chile’s MFO market
International partnerships and integrated wealth-management services are at the heart of their new strategies.
The risk of renewed herding in Chile’s generational funds
AFPs are calling for wider deviation bands and greater flexibility in the selection of benchmarks to ensure that performance incentives do not ultimately push managers toward overly similar investment strategies.
CCR Monthly Approval Report – July 2026
A total of 14 products were added during the month, from eight different asset managers: Deerpath Capital, Echiquier, Eurizon, Franklin Templeton, Invesco, JP Morgan, Reverence Capital Partners. and UBAM.
New pension superintendent reduces lifecycle funds to ten
AFPs had previously warned the outgoing administration that managing 15 separate lifecycle portfolios would create significant operational challenges.
CCR Monthly Approval Report – June 2026
In June, Allianz, BlackRock, Bluebay, Fidelity, First Trust, GAM, I Squared Capital, Morgan Stanley and Xtrackers were the fund sponsors gaining approval for new products.
Pension reform also reshapes rules on indirect investment fees
Some of the new restrictions on management fees have been in force since April, while others will take effect alongside the rollout of Chile's new lifecycle funds.
Mercer’s AltamarCAM deal draws attention in Chile pensions
The transaction would bring a leading private markets platform under Mercer’s umbrella at a time when the firm is playing a key role in the implementation of Chile’s pension reform.
CCR Monthly Approval Report – May 2026
A total of 11 products were added in the month from five different asset managers: Artemis, Columbia, Five Arrows, L Catterton and Xtrackers.
Chile’s domestic ETF market enters a new phase of growth and competition
BTG Pactual’s entry introduces the first credible competitive challenge to Singular Asset Management, which has effectively dominated the market for several years.




