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.
BTG Pactual Chile names new group heads
September 8, 2016 by
Fernando Massú, ex CEO of Corpbanca, has taken over as BTG's president, in replacement of Juan Andres Camus. New heads of the fund-management and brokerage arms were also named.
CCR Monthly Approval Report – August 2016
September 7, 2016 by
HSBC led with three mutual funds - two of them fixed-income products and one equity - while BNY Mellon and Lazard followed with two funds each. The list was completed by fund listings from Nordea and GAM, while State Street listed a real-estate ETF from its SPDR family.
First Trust gains access to Chilean investors via alliance with BCI
September 7, 2016 by
“We are focused on building a team worthy of the clients we have the privilege of working with in Chile and across Latin America," said Codie Sanchez-Baker, head of Latin America and US Offshore Distribution at First Trust.
LarrainVial installs UBAM as subadvisor for European fund, replacing EDM
September 7, 2016 by
Larrain said it made the switch after reviewing several managers, and found that "UBAM was the firm that best fit our investment philosophy, with processes and standards at the maximum level in the European fund industry."
Moneda taps Rojas to head its HNW segment
August 28, 2016 by
Traditionally an institutional manager, Moneda has been making inroads into the private-client segment, in response to demand from wealthy Chileans and the need to diversify the composition of its investor base and product lines.
