The measure seeks to lure wealthy AFP affiliates to the public system by subsidizing a more attractive pension payout, says Asofondos's Jorge Llano Salamanca.
Colombian AFPs added USD 317 million to global fund and ETF holdings in July
The managers once again favored North American equity, placing USD 82 million into those funds for AUM of USD 5.5 billion — their biggest allocation.
Colombian AFPs plunged back into equity in June as markets rallied
Cross-border funds and ETFs attracted USD 376 million from the AFPs in June to finish the month with USD 19.2 billion in assets under management.
Cross-border fixed-income funds being scooped up by Colombian AFPs
Over USD 900 million was invested in the asset class during the first half of 2020, with Colfondos and Protección leading the way.
Colombian AFPs go longer on equities, favor emerging markets, in February
The AFPs finished February with USD 18.4 billion invested in cross-border funds and ETFs, almost entirely in equity funds. They increased their total equity exposure by USD 935 million during the month, to USD 18 billion.
Colombian AFPs add to emerging markets, North America equity in December
The AFPs injected USD 138 million into emerging-markets equity in December, making that category their top allocation with USD 5 billion in AUM and 27% of the AFPs’ cross-border investments.