Principal Chile makes play for wealthy clients

The new wealth management office, headed by ex-Larrain executive Andrés Silva, will target clients with liquid net worth between USD 1 million and USD 50 million.

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Leak: Chilean AFPs will be asked to foot up to 5% of third-party-fund fees

While an official position was not staked out by the government at Chile Day 2017 in London, on June 29 and 30, talk in the halls of the event suggests that AFP pension managers will no longer be able to pass third-party costs to the pension fund. In response, local distributors voiced their opposition to Fund Pro Latin America.

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Chilean AFPs retreat from North America; look to Europe and Latam

Allianz, Deutsche and Schroders were among the beneficiaries in May of a transfer of AFP assets from North America to Europe and Latin America. The AFPs' total investment abroad increased USD 2 billion to USD 64.5 billion in the 30 days.

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Rothschild takes another stab at Chilean market

Edmond de Rothschild, which shuttered its Santiago-based proprietary-distribution office in a couple of years back, now says it will work with Banchile Administradora de Fondos to rejoin the fray.

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CCR Monthly Approval Report – June 2017

UBAM led with four mutual funds registered in the month, three of them bond products, followed by Allianz and Investec, each with one fund approved.

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Bachelet parting gift would force AFPs to pay portion of fund fees

A few months before presidential and parliamentary elections, a reform initiative proposes that AFPs pay 10% to 15% of management fees, which would directly impact these managers’ profits, Fund Pro Latin America has learned.

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Azimut nails down first AFP investment with sale of global bond fund

While Azimut is a very strong player in Italian retail, efforts to place funds with Latin institutions has taken a while. With one AFP already investing, the firm expects tickets from a few others, as well as from family offices and FOFs.

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With hire of Felipe Cárcamo, BTG Pactual looks to rejoin third-party fund distribution fray

BTG Pactual, whose third-party-fund distribution business disintegrated in late 2015 following the departure of key executives, appears to be making another go of it.

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CCR Monthly Approval Report – May 2017

The Chilean regulator added 14 ETFs, all sponsored by UBS, and four mutual funds the list of approved instruments eligible to receive allocations.

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Chilean AFPs boost European and EMB positions in April

Total Chilean AFP assets abroad reached in April USD 62.7 billion and were at their highest level since October 2015. The increase from USD 61.7 billion was powered by returns, as the AFPs redeemed a net USD 177 in cross-border investments.

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