AFP exposure to North American equity hit a three-month-high of USD 10.4 billion in October, as managers plowed USD 438 million into the segment. Over the last three months, the SPDR S&P 500 has accumulated USD 1.2 billion in new AFP investment.
Chilean AFPs showed renewed interest for US equities ahead of of November elections
December 10, 2016 by
Chilean AFPs suffering small-scale exodus of talent
December 5, 2016 by
Jorge Valencia left AFP Habitat to join Banco Santander as head of global markets. AFPs are finding it difficult to retain executives as salaries tend to pale vs. those offered in the local asset-management market.
CCR Monthly Approval Report – November 2016
December 2, 2016 by
Ashmore, Eastspring, AXA, BNY Mellon, and Stone Harbor Investment were among the fund sponsors gaining approval for new products.
Chilean AFPs boost exposure to Latin America and Japan in September
December 1, 2016 by
AFPs continued to withdraw from US equities, while plowing money into Latin America and Japan. High-yield bonds and emerging markets funds ended up on the losing end as well.
CCR Monthly Approval Report – October 2016
November 2, 2016 by
While iShares led with 14 ETFs registered in the month, Fidelity (three), Invesco, Neuberger Berman and UBS also won approval for funds of their own.
Public marches to protest tax credits of AFPs owned by multinationals
October 21, 2016 by
The public is up in arms over the USD 400 million tax benefits received on a write-down of the goodwill stemming from MetLife's purchase of AFP Provida and Principal's purchase of AFP Cuprum in recent years.
CCR Monthly Approval Report – September 2016
October 7, 2016 by
M&G led with eight mutual funds registered in the month, all of them domiciled in the UK, followed by Lazard and Veritas, each with one fund approved.
Chilean AFPs added allocations to Asia and emerging-market-bond funds in August
September 22, 2016 by
Funds from Templeton and BlackRock led the advance in the Asian region, while an Asian products from Investec and a Japanese fund from Julius Baer were among the biggest losers in August, which was another bad month for US and European funds as well.
Vision Advisors creates business development area, led by Javiera Prado
September 20, 2016 by
As a replacement for Prado in the institutional area, Vision has named an executive that had previously worked for local third-party representative Swiss Advisors.
Credicorp takes over Andean distribution for State Street
September 11, 2016 by
The tri-national firm had been looking for a passive manager for its distribution business, to complement its roster of traditional and alternatives firms, said Credicorp's Ignacio Montes, regional director of institutional distribution.
