Chilean AFPs redeemed heavily from North America in March 2017, pulling the most AUMs since August, while boosting their allocations to Japan and Europe, benefiting Eastspring Japan Dynamic-B and iShares MSCI Eurozone.
CCR Monthly Approval Report – April 2017
May 1, 2017 by
BNP Paribas led with five ETFs of its Easy family registered in the month, while Axa and Wellington followed with two mutual funds each.
Leadership change announced at Sura-owned AFP Capital
May 1, 2017 by
Andrés Castro, whose career spanned three decades inside the Chilean AFP system, stepped down as chairman of Chilean pension manager AFP Capital. He was replaced by Juan Carlos Jobet, a Sura Asset Mgt. director who previously served in the Piñera government.
Foreign managers have low expectations about 50% boost in pension contribution
April 11, 2017 by
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.
