The financial advisory firm Picton became the new distributor, for the Chilean and Peruvian institutional market, of the mutual funds of the asset management firm MFS, which previously had the same type of agreement with LarrainVial. With this move, Picton has added a second foreign manager to its institutional distribution area which began with the...
iShares recovers leadership among AFPs
January 31, 2013 by
In December iShares received investments of over USD1 billion. Axel Christensen, executive director for South America (ex Brazil) of BlackRock, pointed to the strong interest in increasing exposure in assets and regions with higher risk-return, in markets other than the USA.
Pension fund portfolios ended 2012 with innovations
January 30, 2013 by
In December flows to international funds and ETFs stalled, but there was significant movement of portfolios toward equity in emerging markets and Asia. Fixed income funds are losing ground.
Corfo sees ending support for private equity by 2030
January 19, 2013 by
The state entity says 33% private participation in financing was achieved in 2012, and expects this figure to reach 60% by 2020.
Chilean Managers eye Luxembourg
January 3, 2013 by
By setting up mutual funds offshore, managers can offer advantages of liquidity to their institutional clients while simultaneously raising funds from foreign investors.
Bice Inversiones takes over distribution of Nordea in Chile
December 13, 2012 by
With this partnership the Norwegian bank aims to receive its first investments from the Chilean pension market.
Ecus Capital captures European investors for USD30 million fund
November 30, 2012 by
The manager is confident that the Single Fund Bill (Ley Única de Fondos), currently in on its way through Congress, will allow foreigners to benefit from a less costly tax system.
Closed-end investment funds feel discriminated by the new rules
November 12, 2012 by
In the latest changes to the Pension Fund Investment System, the maximum percentage AFPs can invest in local funds was cut from 5% to 3%.
Acafi: 30% of closed-end investment fund assets are from the non-institutional segment
August 29, 2012 by
Vehicles with better liquidity windows and activation of the secondary market have attracted interest from smaller investors.
Market approves relaxation of public offerings
July 17, 2012 by
SVS issues new regulations to permit offerings of restricted securities to groups of up to 250 investors under certain conditions.
