Archives for June 2016

Holdings Report – Peruvian Pension Fund Investment in Cross-Border Securities – January 2016

Excel workbook detailing Peruvian pension fund allocations to cross-border mutual funds, ETFs, investment funds, stocks, bonds and deposits. Includes names of all securities as well as amounts invested in each. Also included is a breakdown of offshore allocations by asset class. Data as of January 31, 2016.

Companies mentioned in this report: iShares; State Street; Vanguard; WisdomTree; Henderson; PowerShares; Pioneer; Matthews; Allianz; Fidelity; Julius Baer; BNP Paribas; Threadneedle; Dimensional; Pictet; Morgan Stanley; Deutsche; Muzinich; Axa; Robeco; JP Morgan; Investec; Schroders; NN IP; UBS; GBM; Aberdeen; Vontobel; BlackRock; Invesco; Nomura; GAM; Van Eck; MFS; Franklin Templeton; BNY Mellon AM; Habitat; Prima; Profuturo; Integra.

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Chilean AFPs and distributors await regulator pronouncement on alternatives

Authorities are considering an update to AFP investment rules similar to those adopted in Peru and Chile, which have greatly promoted the use of alternatives, especially private equity funds.

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Chilean AFPs bolt from global equity May

AFPs cut their positions in May from over two dozen Asia-oriented funds and ETFs, while also trimming their exposure to Japanese, North American and European equity, leading to a net redemption of USD 1.9 billion in the fifth straight month of equity outflows.

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Ground shifting rapidly in Chilean distribution landscape

The institutional-distribution division of BTG Pactual was recently taken over by Danny Aballay, who is tasked with rebuilding the unit after the flight of several of its cross-border clients. His promotion was one of several in the Chilean market.

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Institutional risk-management strategies need urgent overhaul, finds AllianzGI RiskMonitor

Neil Dwane, global strategist at AllianzGI said that that two-thirds of institutions are calling for innovative new strategies to help balance risk-return trade-offs, provide greater downside protection and replace traditional approaches to risk management.

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Morgan Stanley opens third Miami office dedicated to Latin American wealth management

James Jesse, head of International Wealth Management, said he considers the "meeting the offshore-wealth-management needs of Latin American clients" to be a significant growth opportunity. Most of the 22 advisors at the new office are former Credit Suisse employees.

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BNP Securities Services launches locally in Peru

“We are committed to the Latin American region where we have been expanding our network and developing a strong local know-how. Peru is an exciting addition," said Alvaro Camuñas, head of BNP Paribas Securities Services Spain and Latin America.

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iShares bears the brunt of Colombian AFP portfolio reshuffling

The AFPs redeemed USD 522 million from iShares ETFs in February and USD 548 million in January, as allocations to the US and Europe were sharply reduced.

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Brazil agency clears way for Bradesco’s takeover of HSBC

An OK from Brazil's Administrative Council for Economic Defense has cleared the way for Banco Bradesco to complete its takeover of HSBC in the country, with the firms setting a final transaction date of early July.

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Latin American Pension Fund Investments in Cross-Border Securities – April 2016

Chart comparing levels of pension fund system investments in international mutual funds and other international securities. Data from Chile, Colombia, Mexico and Peru. Data broken out by instrument, Year-end totals from December 2011 through 2015, and as of April 30, 2016.

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