It's looking like any additional pension-related contribution from employers will not be channeled to the AFPs, but rather to an independent body, which will stick to a conservative investment policy.
CCR Monthly Approval Report – March 2017
April 10, 2017 by
While Manulife led with eight funds registered in the month, seven of them equity products, UBAM (3), HSBC (2), Axa (1), and Nordea (1) won approval for their mutual funds. iShares (5) and WisdomTree (1) got approvals for their ETFs.
Columbia Threadneedle emphasizes AFPs’ need for returns
March 24, 2017 by
The representation office opened in Santiago in the middle of last year and headed by Santiago Zarauza, looks set to strengthen the brand at the regional level.
Positive flows, good returns boosted Chilean AFP assets abroad in February
March 23, 2017 by
The total Chilean portfolio abroad reached USD 60.9 billion in February and was at its highest since USD 61.3 billion in April 2016. Active funds from Eastspring, TIAA, Pimco, Julius Baer and BNP Paribas were among the leading gatherers for the month.
National pension protests have not affected voluntary contributions to AFPs
March 6, 2017 by
The pool of voluntary pension contributions rose from USD 7.8 billion to USD 9.1 billion in 12 months ended September 2016, and AFPs' share of the market was holding steady at 53%.
Aberdeen to be acquired by Standard Life in USD 4.7 billion stock deal
March 6, 2017 by
The deal, which will create a USD 800+ billion asset manager, is the latest move by the active management industry to combat a tide of investors shifting money to low-cost, passive funds.
CCR Monthly Approval Report – February 2017
March 2, 2017 by
Five mutual funds were added to the list of approval products for sale to the AFPs. BNP Paribas led with two mutual funds listed, followed by Pictet, Neuberger Berman and NN IP, each with one new fund approved.
Credicorp lands ex-AFP equity manager to spearhead distribution of SSGA ETFs
March 1, 2017 by
Alberto Menendez had been AFP Provida's head of international equity for more than three years before joining Credicorp to manage State Street ETF distribution to Andean institutions.
Chilean AFPs cut Europe, Asia exposure in January while hiking North America
March 1, 2017 by
Schroders, Pimco, AXA and Fidelity benefited from AFP allocations to specialty fixed-income products. The first month of 2017 was positive for cross-border managers thanks in part to strong market returns.
Chilean AFP industry faces uncertainty from many angles
February 28, 2017 by
The CEO of the Chilean AFP Association, Fernando Larrain, discusses issues confronting the pension system, from potential legislation, the impact of third-party advisors, lack of definition on the alternatives front, and others.
