Through an alliance with Banco Bci, the manager will intensify its distribution to private-banking clients, says Juan Pablo Soffia Moller, JPAM's Chilean MD.
Workaround? AFPs may be able to form subsidiaries to manage new flows
Despite the pessimistic pronouncements of undersecretary of social security, Christian Larraín, AFPs may not be left out of the new pension model after all.
Pension reform: AFPs may be excluded from receiving future worker contributions
Undersecretary of Social Security, Christian Larraín, said the pension reform would likely limit the role of these managers, but hopes remain.
In May, AFPs cut back their international allocations
The largest redemptions were in the high-yield bond segment, totaling USD 309 million, followed by funds specializing in European equities with USD 161 million.
CCR Monthly Approval Report – June 2022
A total of nine products were added in the month from five different asset managers: Fidelity, DWS, Fullerton, Liontrust, PineBridge and Exeter Property Group.
Chilean AFPs sold off cross-border-fund and ETF positions totalling USD 1.3 billion in June
Products specializing in the European market continued to receive the largest redemptions, totaling USD 537 million in the month.
CCR Monthly Approval Report – July 2022
A total of 34 products were added in the month from eight different asset managers: Eaton Vance, GAM, Greystar, Invesco, Jupiter, Manulife, PIMCO and UBS.
Azimut targets acquisitions in Chilean wealth space
Among individuals in Chile, "there is a preference for having money offshore and also for the platform to be offshore," Azimut's Diego Varela said,
CCR suspends some Allianz funds in Chile on heels of SEC charges
Market actors said they did not see fraud charges in the US impacting the firm's success in Chile.
Chilean AFPs and alternatives funds incorporate ESG into investment policies
ESG investment among 18 Chilean fund managers amounted to USD 6 billion through 44 funds, said Acafi board member María José Montero.






