In alliance with leading real-estate companies, the firm plans the first-half launch of a novel mezzanine-type fund in Chile.
International real estate gets boost from Chilean AFP regulator
Pension superintendent Osvaldo Macías said changes are coming to put international REITs on an equal playing field with their Chile-oriented brethren.
Chilean AFPs funneled USD 783 million to cross-border funds and ETFs in March
The AFPs finished the month with USD 81.3 billion invested in cross-border funds and ETFs, 70.5% of which was in equities, as they sought better returns.
CCR Monthly Approval Report – March 2019
iShares led with ten ETFs registered, while Franklin Templeton, AllianceBernstein and Baillie Gifford won approval for their mutual fund products. The CCR also approved five alternatives products from BlackRock, Morgan Stanley, Oak Hill, Portfolio Advisors, and Tikehau Capital.
After showing resilience in a tough 2018, Chilean funds could add 10% in AUM in 2019
The general manager of the Chilean Mutual Fund Association, Mónica Cavallini, shared her opinion about pension reform, individual retirement accounts and other market challenges.
CCR Monthly Approval Report – June 2019
A total of 29 products were added in the month from nine different asset managers: iShares, Amundi, MainFirst, Jupiter, MFS, GAM, JP Morgan, Bci and Lyxor.
Seventh pension manager – AFP Uno – enters Chilean market
AFP Uno is the brainchild of Mario Ignacio Álvarez Avendaño, the former chief executive of AFP Cuprum, which since 2013 has been owned by Principal Financial.
AFPs are third in line for independent-worker contributions
The staggered implementation, progressivity and varied purposing of independent workers’ contributions will cut into the planned inflows of AFP pension managers, notes AFP Association president Andrés Santa Cruz.
AFPs favor Asian equity and emerging-markets debt as markets recover
AFPs injected USD 760 million into emerging-markets bonds and USD 743 million into Asian equity in February, as total cross-border allocations passed the USD 80 billion mark.
Insurers look carefully at possible entry into pension business
In an interview with Fund Pro Latin America, Jorge Claude highlighted the qualities of the annuity product for execution of pension payments.