Corpbanca's recently formed agreement with Spanish-owned March Gestión de Fondos, which would have introduced the latter's products - or at least advisory skills - to the institutional market in Latin America - would appear to be in doubt in light of the proposed deal with BBVA.
CCR Monthly Approval Report – December 2013
December 26, 2013 by
A rundown of the financial instruments approved, rejected and affirmed by the Comisión Clasificadora de Riesgo. Month of December 2013. Goldman Sachs got another two products listed: Global Strategic Income Bond Portfolio and Global US Real Estate Balanced Portfolio.
AFPs are also looking favorably at unified fund law
December 23, 2013 by
The elimination of capital-gains taxes on some local vehicles could encourage more foreign participation, contributing to more liquidity in types of products that are heavily dependent on AFP investment.
Chilean AFPs were strong buyers of cross-border mutual funds in November
December 19, 2013 by
Chilean pension funds made over USD 2 billion in new allocations, bringing total non-domestic investment to USD 68.8 billion. Cross-border mutual funds and direct investments in government bonds were the most chosen instruments type to increase positions. Products of Axa, Pioneer, BlackRock, and Invesco benefitted the most from the renewed enthusiasm of the AFPs.
Principal Chile explores shopping offshore fund to local and global investors
December 18, 2013 by
The vehicle is a Latin American equities fund domiciled in Dublin, which will be co-managed by the company’s teams in Brazil, Mexico and Chile, where each will contribute its view on the market and companies in its own country and areas of influence.
Chile: Markets fret over Bachelet’s tax-free savings scheme
December 18, 2013 by
Alarm bells rang in the mutual fund industry because of doubts about what parameters will be used to define the concept of "risk-free." In general, the Bachelet initiative, if enacted, would cause disruption to, or conflict with, many long-established mechanisms already in place to foster savings and investment in the local markets.
Santander Chile accepts purchase offer for its asset management subsidiary
December 10, 2013 by
Grupo Santander announced the creation of a new holding company, composed of Santander, Warburg Pincus and General Atlantic. Under the terms of the agreement, Warburg Pincus and General Atlantic will jointly control 50% of the holding company. Banco Santander Chile will distribute the products of the fund manager for a period of 20 years.
CCR monthly approval report – November 2013
December 1, 2013 by
A rundown of the financial instruments approved, rejected and affirmed by the Comisión Clasificadora de Riesgo. Month of November 2013.
USD2 billion pension portfolio in Latam whets appetite of Itaú AGF
May 23, 2012 by
The local manager of the Brazilian group has just registered a mutual fund with the Risk Rating Commission and hopes to attract investments from pension funds.
Celfin joins Threadneedle and goes for another manager
May 16, 2012 by
The move consolidates their foreign manager platform which also includes Henderson, Aberdeen, Credit Suisse and Barings.
