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.
CCR Monthly Approval Report – January 2017
February 7, 2017 by
A total of 16 products were added in January to the list of approved instruments to receive investments from Chilean Pension Managers (AFPs). UBAM, Allianz, BNP Paribas, Vanguard, Man, and Edmond de Rothschild were among the managers registering products.
Banchile looks for new managers and does not rule out regional distribution
February 7, 2017 by
Cristian Schulin-Zeuthen, institutional distribution manager of Banchile Inversiones AGF, said Manulife and Stone Harbour are merely the first two of several new brands that will be brought on in the first half of 2017.
Santander AM turns page in wake of Unicredit/Pioneer non-deal
January 25, 2017 by
After the failed merger operation with Pioneer Investments, the Chilean unit of Santander Asset Management is now working on reinforcing its investment team, starting with the entry of Héctor Godoy as head of equity.
Chilean AFPs pull money from global equities, ending three-month streak
January 24, 2017 by
Allocations into high-yield and money market offset the equity pullout. Total AUMs invested in cross-border funds and ETFs came to USD 58 billion, down from USD 62 billion a year earlier.
Toesca AGF relaunches with team of ex-BTG execs
January 13, 2017 by
The independent Chilean firm was spun off by Moneda Asset Mgt. and purchased by ex BTG executive Alejandro Reyes. Since then, it's been populated by a slew of BTG analysts and managers, including lead portfolio manager Rodrigo Rojas.
