If the measure were to pass and another round of redemptions was allowed, AFP AUMs could fall by as much as USD 34 billion.
CCR defines special procedure for gold securities
October 12, 2020 by
The rating commission laid out the conditions for approval, relating to the manager’s experience, quality of the custodian, and the fund size.
AFPs on alert as Peru ponders creation of unemployment-insurance pool
October 12, 2020 by
The new measure opens the possibility of a private managers of a new pot of money, similar to the Chilean model.
Bill in Colombia would shift USD 12 billion from AFPs to public system
October 11, 2020 by
The measure seeks to lure wealthy AFP affiliates to the public system by subsidizing a more attractive pension payout, says Asofondos's Jorge Llano Salamanca.
BlackRock sees AFPs increasing their use of fixed-income ETFs
August 26, 2020 by
Fixed-income ETF trading volume spiked by a factor of four or five during the onset of the pandemic, said Benjamín Souza, director and fixed income strategist for Latin America at BlackRock.
Cross-border fixed-income funds being scooped up by Colombian AFPs
August 15, 2020 by
Over USD 900 million was invested in the asset class during the first half of 2020, with Colfondos and Protección leading the way.
Costs impede broad roll out of share-classes among Peruvian funds
August 11, 2020 by
Only nine of the 175 funds available use share classes for varying investor types, tax treatments, etc,, admits Fernando Osorio of the Peruvian Association of Fund Managers.
New manager Fintual targets millennial Chileans with online-only offering
July 31, 2020 by
Tech-savvy fund manager Fintual has built a proprietary platform catering to 16,000 clients. It aims to hit USD 200 million in AUM by year end, says portfolio manager Stella Melaragno.
Chilean AFPs face up to USD 20 billion in redemptions
July 24, 2020 by
Local distributors gamed out the winners and losers if AFP affiliates are allowed to redeem 10% of their positions. ETFs and illiquid investments such as private equity could suffer most.
BlackRock, others, eye listing of gold ETFs in Chile
July 14, 2020 by
Approval of gold representative securities comes as global investors focus on gold due to increased market volatility, said BlackRock's Francisco Rosemberg.
