AFP exposure to emerging markets rose in September to nearly 25%, compared with only 10% in December 2015. The largest allocation for the month was for USD 136 million into Vontobel Emerging Markets Equity–I, made by a single AFP.
Chilean AFPs boost exposure to Latin America and Japan in September
AFPs continued to withdraw from US equities, while plowing money into Latin America and Japan. High-yield bonds and emerging markets funds ended up on the losing end as well.
Colombian AFPs boosted their exposure to emerging markets in August
Colombian AFPs in August increased their exposure to emerging-markets equity by US 477 million, lifting their stake in the region to 24% just behind that of Europe. iShares reached USD 6.4 billion in AUMs, leading the field.
iShares big beneficiary of Colombian AFP focus on emerging markets
The iShares MSCI Emerging Markets ETF was by far the biggest gainer for the month, with allocations coming from AFP Proteccion, with a USD 218 million deposit, and smaller amounts coming from Colfondos, Porvenir and Old Mutual.
Chilean AFPs added allocations to Asia and emerging-market-bond funds in August
Funds from Templeton and BlackRock led the advance in the Asian region, while an Asian products from Investec and a Japanese fund from Julius Baer were among the biggest losers in August, which was another bad month for US and European funds as well.
Allocation from Colfondos bolsters Pictet European fund
The USD 150 million allocation juiced the AUMs of the Pictet Europe Index-I EUR product in June. Meanwhile, AFP Protección made some significant changes to its portfolio that impacted Morgan Stanley, iShares and Vanguard.
Chilean AFPs bailed on US, Asian and European equities in July
Meanwhile, the fixed-income category received a USD 661 million allocation that reversed a USD 518 million outflow in June. AUMs of USD 17.5 billion in cross-border fixed income were at a 12-month high.
iShares Emerging Markets a magnet for Colombian AFP money
Amid a pullback from Europe and North America, Colombian AFPs were not shy about plowing nearly USD 500 million into the iShares Emerging Markets ETF in the March-May period.
Chilean AFPs continue exodus from US and European equity
Total allocations in equity as of June, at USD 37 billion, were the lowest in over a year and compare with USD 50 billion a year earlier.
Colombian AFPs made play for emerging markets in April
Exposure to emerging-markets climbed to 15%, up from just over 10% in December 2015, benefiting iShares and Fidelity. Henderson also scored a major allocation in the Euro segment.