Chile-based Juan Pablo Valdes, who was heading a Sura Asset Management wealth-management team with USD 2 billion in client assets, has joined LarrainVial Asset Management as commercial director.
Piñera’s pension proposal likely to encourage cross-border investment
August 14, 2017 by
The candidate's campaign released a proposal that would boost employer contributions by 4%, all of it channeled to AFPs, as opposed to the current government's plan to use a government-supervised fund outside the purview of the AFP industry.
CCR Monthly Approval Report – July 2017
July 31, 2017 by
Only three products were added in the month from three different asset managers: HSBC, Macquarie and Kames Capital.
GAM, Invesco and Allianz reap Chilean AFP push into Asia and Europe
July 24, 2017 by
The AFPs have roared back into Europe and Asia, pumping more than USD 1 billion into equity products from the two regions in June, to the benefit mostly of active managers.
Principal Chile makes play for wealthy clients
July 17, 2017 by
The new wealth management office, headed by ex-Larrain executive Andrés Silva, will target clients with liquid net worth between USD 1 million and USD 50 million.
Leak: Chilean AFPs will be asked to foot up to 5% of third-party-fund fees
July 5, 2017 by
While an official position was not staked out by the government at Chile Day 2017 in London, on June 29 and 30, talk in the halls of the event suggests that AFP pension managers will no longer be able to pass third-party costs to the pension fund. In response, local distributors voiced their opposition to Fund Pro Latin America.
Chilean AFPs retreat from North America; look to Europe and Latam
July 5, 2017 by
Allianz, Deutsche and Schroders were among the beneficiaries in May of a transfer of AFP assets from North America to Europe and Latin America. The AFPs' total investment abroad increased USD 2 billion to USD 64.5 billion in the 30 days.
Rothschild takes another stab at Chilean market
July 3, 2017 by
Edmond de Rothschild, which shuttered its Santiago-based proprietary-distribution office in a couple of years back, now says it will work with Banchile Administradora de Fondos to rejoin the fray.
CCR Monthly Approval Report – June 2017
July 3, 2017 by
UBAM led with four mutual funds registered in the month, three of them bond products, followed by Allianz and Investec, each with one fund approved.
Bachelet parting gift would force AFPs to pay portion of fund fees
June 28, 2017 by
A few months before presidential and parliamentary elections, a reform initiative proposes that AFPs pay 10% to 15% of management fees, which would directly impact these managers’ profits, Fund Pro Latin America has learned.
