With 55 billion in technical reserves, insurers are now allowed to invest 10% in government debt, 50% in equities, 5% in private equity funds, 25% in real estate, 20% in structured, 10% in loans and up to 20% in foreign securities listed on the SIC.
Colombian AFPs hot on emerging markets and Europe as global allocations swell
July 17, 2017 by
Parvest Equity Europe Small Cap-I, a BNP Paribas fund, saw a USD 136 million May allocation that was the largest for an active fund within the Europe equity category. AFP allocations abroad in May totaled USD 17.1 billion, the highest level in over two years.
Central Bank boosts international limit for Peruvian AFPs
July 17, 2017 by
The increase will encourage AFPs to continue to diversify their investments abroad just as they approached the previous limit of 44%.
Principal Chile makes play for wealthy clients
July 17, 2017 by
The new wealth management office, headed by ex-Larrain executive Andrés Silva, will target clients with liquid net worth between USD 1 million and USD 50 million.
Natixis’s proprietary distribution arm lands its first AFP investment in Colombia
July 14, 2017 by
Natixis's José Luis León Dugand, country head Colombia, Panama and Peru, said the investment reflects a deepening of the confidence and knowledge of local institutional investors in the firm.
BTG Pactual adds Indian expert to third-party fund platform
July 6, 2017 by
BTG plans to distribute the UCITS funds to institutional clients across Latin America, according to Ignacio Pedrosa, head of third-party distribution at Pactual.
Leak: Chilean AFPs will be asked to foot up to 5% of third-party-fund fees
July 5, 2017 by
While an official position was not staked out by the government at Chile Day 2017 in London, on June 29 and 30, talk in the halls of the event suggests that AFP pension managers will no longer be able to pass third-party costs to the pension fund. In response, local distributors voiced their opposition to Fund Pro Latin America.
Chilean AFPs retreat from North America; look to Europe and Latam
July 5, 2017 by
Allianz, Deutsche and Schroders were among the beneficiaries in May of a transfer of AFP assets from North America to Europe and Latin America. The AFPs' total investment abroad increased USD 2 billion to USD 64.5 billion in the 30 days.
Rothschild takes another stab at Chilean market
July 3, 2017 by
Edmond de Rothschild, which shuttered its Santiago-based proprietary-distribution office in a couple of years back, now says it will work with Banchile Administradora de Fondos to rejoin the fray.
CCR Monthly Approval Report – June 2017
July 3, 2017 by
UBAM led with four mutual funds registered in the month, three of them bond products, followed by Allianz and Investec, each with one fund approved.
