December was tough on funds of AXA and BTG Pactual, while Deutsche and Henderson benefited from investment in Europe and PIMCO and JPM took advantage of AFP interest in low volatility fixed-income products.
Chilean AFPs boosted European equity holdings in December while fleeing from high-yield bonds
January 28, 2016 by
Report: Latam Offshore market strengthens while US Offshore increasingly Miami-centric
January 21, 2016 by
“According to our estimates, the overall size of the three asset-gathering segments stands at USD 105 billion, with the US offshore segment accounting for more than half of the total at USD 56 billion,” said Thomas Ciampi, founder and director of Latin Asset Management.
Picton head favors direct AFP investment in alternatives
January 21, 2016 by
The tax benefits of local feeders still make sense for insurers and family offices, says Matías Eguiguren of Picton Advisors. But allowing the tax-exempt pension funds to invest directly offshore "would give them the opportunity to differentiate themselves."
AFP Planvital names new chief of foreign investment
January 20, 2016 by
The new head replaces Javiera Prado, who left to join Vision Advisors as institutional manager some months ago.
Banchile AGF forms team to compete in institutional distribution business
January 15, 2016 by
Pablo Valero, Banchile AGF's investment head, said the fund manager is in talks with three global firms, which it will represent in the institutional market. Economist Cristian Schulin-Zeuthen, an ex-BCI executive, will be leading the team.
Excel Capital, Chile’s newest distributor, hits ground running with Aberdeen, Henderson and Aviva Investors as clients
January 13, 2016 by
The firm is headed by three executives with years of combined experience dealing exclusively with global asset managers. At Excel, they plan to treat distribution as a core activity and give it the focus and resources necessary to keep the business growing.
Chilean AFPs intensify flight from North America; Japan and Europe strong
January 12, 2016 by
Allocation moves of Chilean AFPs in November affected products of Julius Baer, Templeton, Eastspring, Deutsche, Vanguard, State Street and iShares, as focus shifted from the US and Asia to Europe and Japan.
CCR Monthly Approval Report – December 2015
January 11, 2016 by
Eleven mutual funds were added in December to the list of approved instruments eligible to receive allocations from Chilean Pension Managers (AFPs). Of those, eight are domiciled in Luxembourg, two in Ireland and one in the USA.
Market Vectors ETFs now trade in local currency on Chilean exchange
December 18, 2015 by
The commencement of trading in pesos is a significant development as it reduces currency risk for local investors.
