Closed-end investment funds feel discriminated by the new rules

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%.

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Acafi: 30% of closed-end investment fund assets are from the non-institutional segment

Vehicles with better liquidity windows and activation of the secondary market have attracted interest from smaller investors.

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Market approves relaxation of public offerings

SVS issues new regulations to permit offerings of restricted securities to groups of up to 250 investors under certain conditions.

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Chilean wealth management clients optimistic

A survey reveals that in the global crisis, Chileans are relying more on local investment instruments. Most investors are guided by newspapers and magazines when taking decisions, against 39% who use financial advisors.

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Private equity managers are enthusiastic about Provida’s decision

The largest Chilean AFP has set up an Alternative Investment Department which may reflect a long-term view that opens the door to less liquid instruments.

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Picton Advisors takes on Morgan Stanley distribution in Chile

The distributor is also preparing a global private equity closed-end investment fund with Warburg Pincus.

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Chilean pension managers added USD 460 million to their international portfolio in October

Cross-border investments regained space among Chilean Pension Fund portfolios in the last month, after affiliates returned to the more aggressive Multifunds (A and B)

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Flow Report – Chilean AFP Investments in Cross-Border Funds and ETFs – October 2013

Excel workbook detailing inflows / outflows of Chilean pension funds into international funds / ETFs. Includes names of all funds/ETFs as well as amounts invested in each. Period ending October 31, 2013

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Performance Report – Chilean AFP Investments in Cross-Border Funds and ETFs – October 2013

Excel workbook detailing, over various time periods, returns of each international fund/ETF receiving investments from Chilean AFP. Period ending October 31, 2013.

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CCR Quarterly Mutual-Fund Ratings Actions – Nine Months Ending September 30, 2013

Filterable Excel spreadsheet detailing all interational mutual fund authorizations, rejections, and delistings during the period. Includes fund name, manager, month approved, fund domicile, asset class, and investment region. Period: January to September 2013.

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