The pool of voluntary pension contributions rose from USD 7.8 billion to USD 9.1 billion in 12 months ended September 2016, and AFPs' share of the market was holding steady at 53%.
Aberdeen to be acquired by Standard Life in USD 4.7 billion stock deal
March 6, 2017 by
The deal, which will create a USD 800+ billion asset manager, is the latest move by the active management industry to combat a tide of investors shifting money to low-cost, passive funds.
CCR Monthly Approval Report – February 2017
March 2, 2017 by
Five mutual funds were added to the list of approval products for sale to the AFPs. BNP Paribas led with two mutual funds listed, followed by Pictet, Neuberger Berman and NN IP, each with one new fund approved.
Afore Sura funds its first international mandate for USD 150 million
March 1, 2017 by
Afore Sura has given the green light to its diversification strategy in international investments, funding a global equity mandate valued at USD 150 million. Two more mandates for a total of USD 350 million are awaiting a final go-ahead.
Pioneer exec sees little upside in latest Mexican repatriation decree
March 1, 2017 by
While lauding the goals of incentives to repatriate overseas assets, Pioneer's Gustavo Lozano told Fund Pro Latin America that Mexico's current problems complicate the likelihood of a strong response from wealthy investors.
Credicorp lands ex-AFP equity manager to spearhead distribution of SSGA ETFs
March 1, 2017 by
Alberto Menendez had been AFP Provida's head of international equity for more than three years before joining Credicorp to manage State Street ETF distribution to Andean institutions.
Chilean AFPs cut Europe, Asia exposure in January while hiking North America
March 1, 2017 by
Schroders, Pimco, AXA and Fidelity benefited from AFP allocations to specialty fixed-income products. The first month of 2017 was positive for cross-border managers thanks in part to strong market returns.
Afore CitiBanamex funds USD 550 million in Asia Pacific mandates with three global firms
February 28, 2017 by
The successful implementation makes the mandates the first-ever targeting the Asian continent, which CitiBanamex said underscores its leadership in the implementation of innovative strategies within the retirement savings system in Mexico.
Chilean AFP industry faces uncertainty from many angles
February 28, 2017 by
The CEO of the Chilean AFP Association, Fernando Larrain, discusses issues confronting the pension system, from potential legislation, the impact of third-party advisors, lack of definition on the alternatives front, and others.
Afore Sura and BlackRock agree to swap USD 200 million mandate for advisory agreement
February 20, 2017 by
Since investing the mandated assets in iShares global-equity ETFs would mean paying a double fees to BlackRock, Afore Sura has modified its mandate with the global firm to a no-cost advisory agreement.
