Three initiatives are bringing new products to high-net-worth individual investors.
Bci Asset Management adds HSBC funds to its offering
One hundred global mutual funds will be made available to private banks, stockbrokers, family offices and insurance companies throughout the region.
Amundi splits its institutional and retail distribution channels
Representative office in Chile will keep only institutional clients.
Acafi gets four new managers with a focus on alternative assets
The Chilean Association of Mutual Fund Managers now groups 42 fund managers with assets under management of more than USD 33 billion.
Credicorp enters the pension debate in Peru
The firm proposes the entry of new players and fees based on fund performance.
Bolivia dissolves its USD 2.4 billion private pension system
Transfer of assets to a state-run agency means private managers owned by Zurich and BBVA have closed shop.
Election of constitutional delegates in Chile seems to secure current AFP pension model
The strong presence of right-wing and center-right forces looks set to wreck the left-wing initiatives for a drastic overhaul of the individually funded system.
Peru discussing a seventh withdrawal of AFP savings
Meanwhile, several plans of consolidating pension schemes and even eliminating the AFPs are also being tossed about.











