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.
Managers project 20% fall in allocations from Peruvian AFPs
July 14, 2020 by
A law allowing withdrawal of 25% of pension savings is having a serious impact on AFP portfolios.
AFPs’ cross-border real-estate and infrastructure investment will not count against equity quotas
July 14, 2020 by
The Pension Superintendent said cross-border real-estate and infrastructure products will be classified as fixed-income investments, which should make them more attractive for AFPs.
Chilean lower chamber greenlights withdrawal of 10% of retirement savings
July 14, 2020 by
Unexpectedly, the bill gained the support of right-wing parliamentarians, threatening the stability of the individually funded system.
Idea of pension fund withdrawals gains ground in Chilean political and judicial arena
June 24, 2020 by
Though the Supreme Court can still weigh in , an appeals court ruling ordering AFP Cuprum to hand over to an affiliate all of her retirement savings has rattled the industry.
Singular strengthens local ETFs while promoting distressed-debt strategies for Oaktree
June 18, 2020 by
In just under two years of operations, the firm has earned a place in the market with its sponsored indexed products and alternatives offering through Oaktree.
Politicians look to AFPs to salve economic wounds during corona virus
May 31, 2020 by
Government officials across the Andes are suggesting allowing workers to tap into the pension savings to help make ends meet during the pandemic.
