Just 1 in 4 older Colombians has the means to retire, and just 40% of active citizens make contributions, says consultant Andrés Felipe Izquierdo Aguiar.
In May, sector ETFs attracted investments from Colombian AFPs
Pension funds turned to equity products specializing in the health, consumer and tech sectors, which received subscriptions for USD 115 million.
Colombian AFPs increased positions in international equities in June
AFPs allocated USD 126 million to international equity and USD 40 million to cross-border fixed-income, while redeeming USD 343 million from money-market products.
Pension reform in Colombia: definition time gets closer
The results of this first round of elections (Gustavo Petro 40% and Rodolfo Hernández 28%) guarantee a lively discussion on pension reform before the runoff election on June 19.
Cross-border equity funds raised USD 331 million from Colombian AFPs in April
Pension funds invested USD 331 million in equity products during April, of which USD 313 million was invested in US equity funds.
Colombian AFPs restructure their positions, turning to international fixed income in March
Pension funds moved into fixed income during March, investing USD 170 million, mostly into emerging-markets debt funds. On the other hand, their redemptions of equity products totaled USD 139 million.
Colombian closed-end funds given OK to issue bonds
Until now only private-equity funds have been allowed to issue bonds. Leveraging is also a new possibility for closed-end vehicles.
Colombian AFPs pumped brakes on cross-border allocations in February as market volatility rose
Although AFPs continued to increase their exposure in equities, they shed positions in debt and money market instruments. AUMs rose just USD 98 million for the month.
Colombian AFPs boosted equity global positions in December
Purchases in the last month of the year were concentrated in US and European equity, for a total of USD 263 million and USD 108 million, respectively.
Colombian AFPs bet heavily on US equities in January
Equity instruments, mostly funds specializing in the US and emerging markets, attracted most allocations, with USD 577 million.