If the US does away with charging a 30% withholding tax on certain distributions, US-domiciled funds would gain tax-equalization vis-à-vis Luxembourg and, hopefully, a fresh look from Chilean pension managers.
Loan funds make initial appearance in Chilean pension portfolios
April 29, 2014 by
Senior loan funds have a similar risk structure to high yield, but with shorter duration. The big players in these instruments include firms such as PIMCO, Neuberger Berman, Ares, and Oak Tree. Chilean AFPs have made allocations to funds sponsored by ING, Invesco and PIMCO.
As assets swell, global managers may reconsider Chilean distribution strategies
April 25, 2014 by
After reaching a certain level of sales, some foreign firms have recognized the need to formalize their local presence. But many still remain faithful to multi-brand distribution. This article takes a fresh look at the pros and cons of the schemes currently in place in Chile.
Tax reform will impact the asset management industry
April 25, 2014 by
Some items in the tax reform proposal presented April 1 by President Michelle Bachelet could impact the competitiveness or attractiveneness of asset management vehicles vis-a-vis other savings vehicles.
BTG Pactual strengthens fund platform in Chile and Luxembourg
April 9, 2014 by
The asset manager will continue to develop closed-end funds in both domiciles, as a way of diversifying the investor base - a benefit to Pactual and to the investors themselves, argues Rodrigo Nader, CEO of Asset Management of BTG Pactual Chile.
Credicorp Capital: Institutionals will return to emerging markets
April 2, 2014 by
The firm believes there are no long-term fundamentals in favor of developed markets and that a change in asset allocation could take place by mid-year.
Larrain blames Latam-equity-fund redemptions on market pullback
March 28, 2014 by
The market in general has been looking to boost its exposure to developed countries and Europe, a more likely explanation for the wave of redemptions in the Latam product.
LV Asset Management studying new registrations in Luxembourg
March 24, 2014 by
Along with other Chilean asset managers, Larrain doesn't see the point in doing locally-domiciled fund launches when the end client is a regional institutional investor. Registering in Luxembourg seems to make more sense for the additional doors it opens for smaller managers.
MFS hires proprietary sales head in Chile to develop business beyond AFPs
March 21, 2014 by
Fuenzalida's major focus will be on developing and expanding MFS's business in the retail segment of that country, namely locally-owned private banks, local brokerage houses and advisories, funds of funds, family offices, multi-family offices and insurance companies.
Distributors have mixed feelings about SBS change
March 19, 2014 by
Market agents contacted by Fund Pro Latin America said that, with the new rule, the SBS is clearly taking a load off its own shoulders, but at the same time saddling AFPs with the responsibility for due diligence. ETF providers and active managers with well-established relationships are the likely beneficiaries.
