Appetite for cross-border investments of Colombian Pension Funds got frozen in April. With a stronger Peso plus the equity-investment limit of the multifondo Moderado virtually reached, cross-border fund activity was brought to nearly a standstill.
Colombian Pension Funds: international exposure impacted by reaching of equity ceiling
July 2, 2014 by
Colombian unit of Old Mutual builds out its local business
July 2, 2014 by
The president of Old Mutual in Colombia, Daniel Cortés McAllister (photo), said the firm is intent on growing the mutual-fund and life-insurance businesses, and is also adding brokerage and real estate to its product portfolio.
Panel recommendation on AFP benchmarks could force additional offshore allocations
June 2, 2014 by
A committee of experts is set to opine on how to set minimum-return benchmarks, and also weigh in on the government's proposal to stimulate the outflow of dollars by encouraging additional cross-border exposure on the part of the AFPs.
Horizons and FiduBogotá launch an ETF that tracks S&P Colombia Select Index
June 2, 2014 by
Howard Atkinson (photo) claimed the new ETF offers low-cost exposure to a more diversified index than other currently available Colombian benchmarks.
March was iShares month in the Colombian pension fund market
May 28, 2014 by
Emerging-markets- and European-equity oriented products led the preferences of AFP portfolio managers, receiving USD 360 million and USD 185 million, respectively in the month.
Colombian AFPs directed USD 500 million to cross-border ETFs and funds in January, despite market turmoil
March 24, 2014 by
Colombian AFP pension funds added USD 525 million to their positions in cross-border mutual funds and ETFs in January. Purchases were concentrated in equity-oriented products to the USA. Vanguard, Aberdeen, iShares and MFS were among those who benefited from the new inflows.
New Colombian pension decree may include loosened cross-border investment rules
February 25, 2014 by
David Salamanca, director of financial regulation at the Ministry of Finance, said a technical commission had been meeting since November last year and would continue its work until March, when it would deliver its final considerations.
Four cross-border funds landed first-time investments in November from Colombian AFPs
February 3, 2014 by
Colombian pension funds added another USD 415 million to their holdings of cross-border ETFs and mutual funds in November, surpassing the USD 9 billion level. Aberdeen, BlackRock, Investec and Schroders all succeeded in landing a first-time investment for an equity product during the month.
Relaunch of Colombian fund industry set for 2014
January 16, 2014 by
The most important changes in the new rules include allowing specialization of the various activities required to operate mutual funds, fast-tracking the authorization and distribution process for funds investing in traditional assets, and a more prominent role for custodians. In addition, non-Colombian securities registered in MILA countries would now be considered "traditional" assets.
Colombian pension managers added a USD 1 billion to their cross-border portfolios in October
January 6, 2014 by
Colombian AFP pension funds added USD 580 million to their positions in cross-border securities in October, of which 80% was applied to ETFs. Purchases were concentrated in equity-oriented products to the USA and Europe. Products of State Street and iShares benefitted the most for the new inflows.
