At the end of March, the US sponsor handled about USD 3 billion from institutions such as AFPs, AGFs and insurance companies.

Jorge Simino, investment director at Funcesp, says that pension funds are still cautious about investing abroad.

iShares led with 11 ETFs registered in the month, while M&G followed with five mutual funds. Invesco, Nordea,Baillie Gifford, and Vontobel, joined the list along with four alternatives products.

This pioneer in the residential rental market, led by Felipe Swett, now finds itself in competition with other firms, such as Ameris, BTG Pactual, Credicorp Capital and Compass Group.

April proved to be a busy month for executive changes, as shareholder meetings convened in Chile. Changes at Moneda, Credicorp and Planvital garnered the most attention.