Total Chilean AFP investments in mutual funds and ETFs rose USD 1.7 billion to reach USD 74.9 billion in October.
Chilean AFPs turn conservative in October, pour USD 958 million into money-market funds
Allianz quenches AFPs’ thirst for foreign equities
Allianz, which distributes its products through Credicorp Capital in Santiago, had a great third quarter, with its Euroland Equity Growth attracting USD 430 million from Chilean pension funds.
CCR delists commodities products in response to new alternative-investment regime
The risk-rating agency responded to new rules put in place by the Pension authority, whose superintendent. Osvaldo Macías, said: "Investment in commodities will not be allowed at this stage by any modality, or investment in hedge funds."
BlackRock Retirement Institute aims to widen pension dialogue in Latin America
BlackRock's Axel Christensen said the global initiative would have a broad presence in Latin America, starting in Mexico followed by Chile, Colombia, Peru and Brazil, tackling themes such as models, fees, diversification, education, etc.
Principal Chile strengthens wealth business and offshore fund lineup
With Andrés Silva’s appointment as head of Wealth Management and the incorporation of a dozen UCITS funds to its local platform, Principal now covers the HNW segment, i.e. clients with financial assets of over USD 1 million.
Chilean market approves of investment limits on alternatives
The more aggressive multifunds will eventually be able to allocate up to 15% of their assets to alternatives; however, initially the Central Bank is allowing a maximum of 10% in the type A fund.
Chilean AFP flows to Europe and Asia topped USD 1 billion in September
Chilean AFP assets in cross-border funds and ETFs reached USD 71.8 billion at the close of 3Q 2017. Henderson, Allianz, UBS and Investec products enjoyed high levels of inflows for the month.
EuroAmerica and MSCI partner on Chilean small-cap ETF
Amid a run-up in equity valuations, the two firms are trying to respond to higher levels of investor interest in local exposure.
CCR Monthly Approval Report – October 2017
While First Trust led with four ETFs registered in the month, while AllianceBernstein, Axa, LarrainVial and Credicorp Capital also won approval for funds of their own.
GAM funds prove irresistible to Andean institutions in 2017
Vivian Borzutzky, who oversees distribution of GAM products in the Andean institutional market, notes that both niche and traditional products have propelled the brand's growth in 2017.