Total allocations to offshore funds and ETFs rose USD 109 million to end the month with USD 20 billion under management.
Trade rhetoric inspired Colombian AFPs to keep assets closer to home in April
Colombian AFPs showed a preference for North American and Latin American equity in April, while scaling back their positions in emerging-market equities, as escalating US trade rhetoric encouraged the AFPs to invest domestically.
Colombian AFPs turned to North American and Japanese equity in March
iShares Core S&P 500 and the iShares MSCI Japan added a combined USD 510 million for the month, as overall system AUM in cross-border funds and ETFs neared USD 20 billion.
Colombian AFPs raise exposure to North American equity amid volatility
Colombian AFPs raised their exposure to cross-border funds end ETFs by USD 186 million in February for USD 20.3 billion under management, plunging into North American equity even as volatility rocked US equity markets.
Colombian AFPs began 2018 with a redemption bias in cross-border markets
Despite the outflows, strong returns led to an increase in allocations to cross-border products, which stood at USD 20.9 billion versus USD 19.7 billion at the end of 2017.
Chilean AFPs snapped up Asia and emerging market bonds in January
Emerging market bonds rivaled Asia equity for attention in January, attracting USD 702 million from Chilean AFPs. The category had USD 12.2 billion in AUM at the end of the month, making it the third-biggest allocation for the AFPs with a 13.9% share.