One of the proposal’s key features is the creation of a new legal category for portfolio managers, which would allow fund administration to be separated from fund management.

Amundi, Alpine Investors, J.F., Artemis, Columbia, Federated Hermes, Eurizon, Invesco, Kline Hill Partners, Lehman & Co., LarrainVial, Robeco, VanEck were the fund sponsors gaining approval for new products in August.

The Constitutional Court upholds most of the reform, while the new administration moves to repeal the 30% cap on international pension fund investments.

After incorporating industry feedback, the Chilean regulator has broadened portfolio bands and tracking-error limits, giving AFPs greater flexibility in implementing generational investment strategies.

International partnerships and integrated wealth-management services are at the heart of their new strategies.