AFP Porvenir made the biggest changes to its international portfolio vis-à-vis its pension-manager peers in November, shifting USD 400 million to a single iShares EAFE exchange-traded fund while redeeming passive positions in US equities.
Colombia’s AFP Porvenir opted for EAFE in November while slashing positions in US
February 19, 2016 by
Santander unveils Spanish fund lineup to Andean AFPs
February 9, 2016 by
With Lázaro de Lázaro, CEO of Santander Asset Management España in tow, the manager took a roadshow to Chile, Peru and Colombia, talking up its recently approved Spanish fund lineup and emphasizing the importance of diversifying portfolios to Europe.
HMC expands Andean reach with opening of Bogota office
February 9, 2016 by
Diana Roa, whose resume includes posts in the alternative-investment areas of Colombia-based Alianza Fiduciaria and AFP BBVA Horizonte, will run HMC's newest office.
Distributors are hopeful that Colombian regulator’s proposed changes will stick
January 28, 2016 by
Daniel Navajas of Compass Group viewed positively the proposed changes, which include increased access to alternatives, investment in high-yield bond funds and hedge funds, and AFP access to cross-border funds that might have a shareholder owning more than 10%.
Report: Latam Offshore market strengthens while US Offshore increasingly Miami-centric
January 21, 2016 by
“According to our estimates, the overall size of the three asset-gathering segments stands at USD 105 billion, with the US offshore segment accounting for more than half of the total at USD 56 billion,” said Thomas Ciampi, founder and director of Latin Asset Management.
Colombian AFPs load up on Europe; make shy return into emerging markets
January 21, 2016 by
Colombian AFPs sharply increased their investment into Europe in October, while posting positive funds into emerging markets for the first time since May. These moves benefited managers like Vanguard, iShares and Deutsche but hurt others like State Street.
Colombia’s Finance Ministry floats plan to allow AFP investment in high-yield bond funds
January 15, 2016 by
Another suggested change of interest to global managers is removal of the restriction on AFP investment in cross-border funds with a large shareholder holding more than 10% of outstanding shares.
Bias to Europe leads to advances by Vanguard and Deutsche in Colombian pension market
December 18, 2015 by
Colombian AFPs in September continued to show bias to Europe, as overall exposure to the region hit USD 3.5 billion, benefiting managers like Vanguard and Deutsche, who captured a combined USD 232 million in their European funds and ETFs during the month.
Allfunds opens second Latam rep office
September 10, 2015 by
Colombia native Carlos Felipe Stozitzky has been appointed as director of the new representative office in Bogotá.
AFP Protección: Informal economy and dueling systems complicate Colombian pension market
April 1, 2015 by
In a wide-ranging interview with Fund Pro Latin America, Mauricio Toro, president of AFP Protección, also commented on the firm's continued preference for ETFs over actively managed cross-border funds.
