"We want to bring the entire line of Robeco funds [to Brazil], with exclusive distribution of BTG Pactual," said Robeco's Jimmy Ly at a recent investor conference in Sao Paulo.

BlackRock's Diego Mora viewed the government's rule change with optimism, noting that AFP demand for internationally diversified products like ETFs will increase.

The ex-head of the Afore association and now installed in Mexico's Ministry of Finance and Public Credit, Carlos Noriega has helped keep important pension reform measures on track in the Legislature.

Building on its own fund lineup and strengthening existing third-party traditional and alternatives relationships are Credicorp Capital's key objectives, says Felipe Sotomayor.

The AFPs finished April with USD 17.8 billion invested in cross-border funds and ETFs, almost all of which was in equities, after having yanked USD 597 million in the first quarter.