BlackRock and Lazard led, both with three mutual funds approved in the month, while Jupiter, UBS and State Street with one product each completed the list.
AFPs soured on international equities in March
Funds specializing in equities in both the Asian and European markets sustained the heaviest redemptions, losing USD 859 million and USD 686 million, respectively.
CCR Monthly Approval Report – March 2022
Nordea lead with four equity funds approved, followed by Bci, Candriam, JSS, Schroders, Vontobel and Arcano with one product each.
Emerging-equity products were the choice for Chilean AFPs in February
By product type, ETFs received a total of USD 982 million in net subscriptions, while active funds shed USD 251 million.
Not dead yet: Chilean Congress still pushing for fifth pension withdrawal
Seven withdrawal bills will begin to be processed in the next few days, some for 10% and others for 100%. The executive is urging patience.
In election month, Chile’s AFPs increased their liquid positions
In December, Chilean AFPs dismantled USD 1.6 billion of their positions in cross-border funds and ETFs. The equities segment suffered most from the redemptions.
Chilean AFPs showed strong bias for passive vehicles in January
ETFs received the largest portion of subscriptions, totaling USD 870 million, while redemptions were USD 834 million from active funds and USD 615 million from money-market funds.
Nervous investors forced Chilean mutual funds to allocate record amounts abroad
Political uncertainty had an impact on the investors’ focus; 2021 ended with an unprecedented 20% foreign exposure for local mutual fund portfolios.
Chilean AFPs: 2022 will not be a year of sweeping changes
With several balls in the air for this year, not least of which a Constitutional Convention, few expect big pronouncements from the incoming Boric government in 2022.
Scotiabank launches wealth advisory to engage with affluent Chileans
"It’s a 360° approach, which implies a total wealth advisory service, covering financial planning and the best onshore and offshore experience," said Scotia's Ignacio Ruiz-Tagle.