Meanwhile, several plans of consolidating pension schemes and even eliminating the AFPs are also being tossed about.
Insigneo reaches USD 20 billion AUM in Latin America
"Our aim is to be the best financial-services, wealth-management and private banking platform in Latin America," Insigneo's Rodolfo Castilla said.
Brazilian mutual funds bled BRL 82 billion in the first quarter of 2023
Among ANBIMA asset classes, only FIDCs (credit receivables investment funds) and FIPs (private-equity funds) had inflows in the three months.
CCR Monthly Approval Report – March 2023
A total of 17 products were added in the month from four different asset managers: WisdomTree, T. Rowe Price, Invesco, Capital Four, Equitix and Madison Realty Capital.
Aitor Jauregui named head of BlackRock’s Latam operations
The executive will also head the offshore Latin American high-net-worth-client business, which is concentrated in Miami.
Colombian AFPs shed risk positions in international portfolio in January
Pension funds took advantage of market rises at the beginning of the year to reduce their investments in international equity and bond funds, parking liquidity in money-market funds.
Chilean AFPs boosted cross-border allocations by USD 1.3 billion in January
Chilean AFP pension managers started the year with a hefty increase in their international exposure. Bond funds attracted the largest net flows.
March could be critical for pension reform in Peru
The government’s announcement on pension reform has been clouded by new bills for a withdrawal of funds from AFPs.
Brazilian mutual funds see outflows for a fourth straight month in February 2023
The balanced/mixed, fixed-income and equities classes accounted for the lion’s share in net selling for the month.