Even though AFPs continue shedding positions in cross-border funds and ETFs, global bond funds took in USD 136 million in new money in October.
CCR changes criteria and reinstates Allianz funds
In October 2022, Allianz was authorized to distribute 26 strategies to Chilean pension funds.
CCR Monthly Approval Report – November 2022
A total of five products were added in the month from the following asset managers: Eastspring, Jupiter, Neuberger Berman, UBS and Stonepeak Partners.
Chilean AFPs continued to shed positions in international funds and ETFs in July
Among equity products, redemptions totaled USD 672 million in the month, while fixed-income products lost USD 357 million.
Chilean AFP cross-border redemptions extend to September, with sales of USD 1.3 billion
Equity funds in both European and Asian markets were hit by the largest redemptions, of USD 423 million and USD 353 million, respectively.
Latam Financial Services lands in Chile with funds from Virtus
The offshore-fund market operating from Uruguay is still growing, but we believe it is reaching a mature stage, says LFS's sales manager María José Fossemale.
Alberto Menéndez leaves institutional distribution at Credicorp to join State Street
The executive will take over management of the State Street office in Chile. The US firm maintains its distribution agreement with Credicorp.
CCR Monthly Approval Report – October 2022
A total of 35 products were added in the month from seven different asset managers: Aegon, Allianz, BNP Paribas, The Colchester, Bridge, Driftwood and Vitruvian.
CCR Monthly Approval Report – September 2022
UBS, Altor and Cortland were the fund sponsors gaining approval for new products in September.
Chilean AFPs continue to shed positions in international fixed-income funds
In August, the cuts in international fixed-income funds totaled USD 255 million, while USD 85 million was invested in equity funds.