Initiative of the Mutual Fund Association seems like more of a political announcement than a project with a real future, sources told Fund Pro Latin America.
CCR takes no action on HSBC funds in recent meeting
March 3, 2015 by
The CCR generally takes into consideration the potential for heightened "reputational risk" of an approved fund sponsor, which could impact system returns or negatively influence Chileans' perceptions of the pension system itself.
CCR Monthly Approval Report – February 2015
March 2, 2015 by
A total of 14 products were added in February to the list of approved instruments to receive investments from Chilean Pension Managers (AFPs). Schroders led with eight mutual funds, all of them equity products, followed by PIMCO with two mutual funds and First Trust with two ETFs. Eastspring and Fidelity completed the list each with one approval mutual fund.
Allfunds Bank strengthens regional team with hiring of Soraya Kamel
February 18, 2015 by
Kamel is a finance professional who has extensive experience in fund analysis and fund selection services, having worked for leading companies in this market such as Morningstar, Vision Advisors and Edmond de Rothschild AM.
CCR may review funds of scandal-rocked HSBC at February meeting
February 18, 2015 by
A review of the "reputational risk" of HSBC - again in the news due to a potential tax-evasion scandal over its handling of high-net-worth accounts - may be on the agenda of the regulatory agency that determines eligibility to receive AFP investments.
IM Trust opens its offering to the institutional segment
February 5, 2015 by
The firm registered an investment fund - the IMT Spread Corporativo Local - with the CCR, and this product will soon be joined by two more. Local AFPs are an obvious target of the closed-end fixed-income fund.
CCR Monthly Approval Report – January 2015
February 2, 2015 by
A total of 14 products were added in January to the list of approved instruments to receive investments from Chilean Pension Managers (AFPs). PowerShares led with 11 equity ETFs domiciled in the USA.
Political and legal questions could be provoking redemptions from Penta and CorpBanca funds
January 29, 2015 by
In the last quarter of 2014 these two managers suffered the worst falls in AUMs amid a period of great growth for many of their peers.
Delay in kickoff of independent-worker pension scheme impacts AFP Planvital and BTG
January 20, 2015 by
AFP Planvital is about to become a direct victim of the delay, since it would have benefited from independent workers' new compulsory flows. The situation complicates any potential plan by the AFP's owner - BTG Pactual - to sell the AFP to a third party.
Chilean insurers hold less than 3% of their portfolio in cross-border funds
January 5, 2015 by
Jorge Claude, general manager of the Chilean Insurance Association, said the bulk of life insurer investment, both inside and outside the country, focuses on fixed income since these instruments can be used to match the companies’ long-term payment commitments.
