A total of 13 products were added in the month from ninedifferent asset managers: Fisch AM, Lord Abbet, Aktia, Pictet, PIMCO, Robeco, JP Morgan, Lindsay Goldberg and Manulife.
Providers of real-estate and infrastructure alternatives sense opportunity in Chile
Since real-estate and infrastructure alternatives are considered fixed income, these products compare more favorably to other long-term local bonds already in AFP portfolios, say local distributors.
Felipe Cárcamo leaves fund-distribution role at BTG to join Excel Capital
Cárcamo's mission will be to expand on Excel Capital's efforts to reach institutional clients, both in the area of traditional mutual funds as well as in alternatives.
Amid mass protests in Chile, fierce debate expected on additional 5% pension contribution
The anti-establishment fervor in Chile makes it nearly impossible to imagine increased withholdings heading to the AFP system.
CCR Monthly Approval Report – July 2019
A total of 28 products were added in the month from nine different asset managers: Amundi, Barings, BlueBay, Cathay, Fidelity, Janus Henderson, Principal, IK Investment Partners, Singuler Guff.
AFPs plunge back into emerging-markets debt, Asian equity
The AFPs finished the month with USD 84.3 billion invested in cross-border funds and ETFs, 70% of which was in equities.
Chilean labor-committee amendment would force AFPs to eat cross-border-fund fees
AFPs and cross-border managers are clinging to hopes that the amendment will be expunged or reversed before the final pension-reform bill goes to a vote in the Congress.
Real-estate manager Asset AGF targets USD 500 million AUM via residential rental fund
This pioneer in the residential rental market, led by Felipe Swett, now finds itself in competition with other firms, such as Ameris, BTG Pactual, Credicorp Capital and Compass Group.
Life insurers in legal battle to prevent client profits from being taxed
The Court of Appeals is analyzing the case. A decision against insurers could discourage people from using life insurance vehicles for savings, and push more clients to mutual funds.
Asset-management moves: AFP-industry veteran steps out of executive role
April proved to be a busy month for executive changes, as shareholder meetings convened in Chile. Changes at Moneda, Credicorp and Planvital garnered the most attention.