While commodities are off limits in AFP portfolios, ETF distributors are promoting products that have high correlation to various commodities and offer negative correlation to pension portfolios. Alberto Menéndez of Credicorp Capital, distributor of State Street, is among them.
EuroAmerica AGF closed 2017 as a market innovator
February 12, 2018 by
The Chilean asset manager launched a string of diverse products, including Argentine equity and fixed-income vehicles that captured the attention of institutional and family-office clients.
Schroders bolsters Chilean presence with Banchile tie-up; eyes role in alternatives
February 12, 2018 by
The appetite for alternative products from clients in the region is here to stay, says Schroders' head of South American distribution, Alex Toledo.
Franklin Templeton names representative in Chile for non-AFP clients
January 29, 2018 by
Gonzalo Ramírez, formerly with Legg Mason, will head the new office. The relationship with AFPs will stay in the hands of Vision Advisors.
Chilean regulator sets comment period for rules banning hedge funds from AFP portfolios
January 14, 2018 by
Amid concern from foreign distributors and managers, the Pensions Superintendency published a draft resolution on January 8 aimed at clarifying what types of hedge funds can be purchased by Chilean AFPs.
Boosted by AUM growth, JP Morgan to open Colombian office
January 9, 2018 by
Giacomo Grage, who until now has been working from JPM's Andean flagship in Santiago, will head the initiative in Bogota.
ACAFI welcomes new alternatives regulations, but still sees pending issues
January 4, 2018 by
ACAFI chief Luis Alberto Letelier said attractive products and the hard work of local managers - not capital repatriation - have been the major driver for growth of the closed-end fund business in Chile.
HMC Capital selected as subadvisor for Swedish manager East Capital
January 4, 2018 by
The Latin American firm’s investment team, led by Santiago Arias, will collaborate with managers of the Swedish firm's Sustainable Emerging Markets Fund.
Allfunds sees opportunity in pension and wealth markets across Latam
December 13, 2017 by
Laura González, newly-named head of Allfunds' business in Iberia and Latin America, sees great opportunity in Mexico and Brazil and in onshore wealth management in general.
Alternatives registration already underway in Chile
December 13, 2017 by
Managers that already have investments via feeder funds can submit their approval directly, while new firms will have to gain sponsorship from an AFP.
