The AFPs redeemed USD 522 million from iShares ETFs in February and USD 548 million in January, as allocations to the US and Europe were sharply reduced.
Brazil agency clears way for Bradesco’s takeover of HSBC
June 23, 2016 by
An OK from Brazil's Administrative Council for Economic Defense has cleared the way for Banco Bradesco to complete its takeover of HSBC in the country, with the firms setting a final transaction date of early July.
Scotia Wealth one of Mexico’s biggest promoters of third-party distribution
June 12, 2016 by
With its new brand Scotia Wealth Management, the Canadian firm manages (USD 9 billion) in Mexico, of which 7% is invested in third-party funds such as Compass Group and Black Rock.
Max Pinto takes reins of Allfunds in Chile
June 8, 2016 by
Pinto, a veteran in the Chilean market in fund sales and distribution, replaces Allfunds' Carlos Stozitzky, who has been charged with opening the firm's Colombian office
Chilean AFP replace equity with big positions in fixed income and money market
June 8, 2016 by
Despite the losses in equities, total AFP allocations to cross-border instruments grew by USD 372 million to surpass the USD 61 billion mark - their highest level since December. Vanguard also surpassed iShares as the leading asset gatherer among Chilean AFPs.
Permitting early withdrawals of AFP assets a blow to Peruvian system
June 8, 2016 by
Eduardo Morón Pastor, a social security expert, believes the end game of Peruvian lawmakers is to make pension savings voluntary.
CCR Monthly Approval Report – May 2016
June 8, 2016 by
The Chilean regulator delisted 34 funds for falling short of the required minimum of USD 100 million in assets under management, while added six mutual funds and six ETFs to the list of approved instruments eligible to receive allocations.
Allianz completes acquisition of Rogge Global Partners
June 8, 2016 by
Consistent with AllianzGI’s previous integrations, the distinct dynamics and processes of Rogge's 30-year-old investment philosophy will be maintained within AllianzGI’s global investment platform.
Afore redemptions from foreign equities seen as natural response to volatility
June 8, 2016 by
Afores have moved to instruments with the most favorable risk-adjusted returns in light of global volatility in both interest and exchange rates, said Carlos Noriega, president of the AMAFORE.
Under Macri, Argentine fund industry could spark financial-market growth
June 8, 2016 by
Fund managers in the country's small capital market hope the government will modify regulations to expand their investment options and allow Argentines repatriating money from abroad to escape penalties if they buy into mutual funds.
