A total of 15 products were added in the month from six different brands: Actis, Amundi, Brookfield, Global X, M&G, and Mirae.
Fintech law may be nearer to passage thanks to client-data agreement
The law would create a regulatory framework for the activities carried out by third parties via the internet, including distribution of mutual funds.
Chilean alternatives industry on alert due to Boric tax proposal
Acafi expressed its concern about a proposed tax increase on dividends, which could be a major disincentive for investors.
Econsult transfers half its funds to Principal AGF
Following the agreement, the manager retains only two local feeder funds that invest in foreign real-estate assets through Brookfield.
JP Morgan AM widens distribution of its funds in Chile
Through an alliance with Banco Bci, the manager will intensify its distribution to private-banking clients, says Juan Pablo Soffia Moller, JPAM's Chilean MD.
Workaround? AFPs may be able to form subsidiaries to manage new flows
Despite the pessimistic pronouncements of undersecretary of social security, Christian Larraín, AFPs may not be left out of the new pension model after all.
Pension reform: AFPs may be excluded from receiving future worker contributions
Undersecretary of Social Security, Christian Larraín, said the pension reform would likely limit the role of these managers, but hopes remain.
In May, AFPs cut back their international allocations
The largest redemptions were in the high-yield bond segment, totaling USD 309 million, followed by funds specializing in European equities with USD 161 million.
CCR Monthly Approval Report – June 2022
A total of nine products were added in the month from five different asset managers: Fidelity, DWS, Fullerton, Liontrust, PineBridge and Exeter Property Group.
Chilean AFPs sold off cross-border-fund and ETF positions totalling USD 1.3 billion in June
Products specializing in the European market continued to receive the largest redemptions, totaling USD 537 million in the month.