Eleven mutual funds were added in December to the list of approved instruments eligible to receive allocations from Chilean Pension Managers (AFPs). Of those, eight are domiciled in Luxembourg, two in Ireland and one in the USA.
BofA Merrill survey: Majority of investors expect three or more US rate hikes in 2016
January 11, 2016 by
“The strong dollar view is writ large across all asset, regional and sector allocations. It will take a very dovish Fed and weak US earnings to reverse the strong dollar view in 2016,” said BofA Merrill's Michael Hartnett.
Nuveen’s Bob Doll predicts tough road for S&P and better year for global stocks
January 11, 2016 by
For more than 25 years, Robert C. Doll’s annual predictions have taken a deep and thorough look at key factors he believes are positioned to meaningfully shape the economy and markets for the coming year. They further lay the foundation for the noteworthy portfolios he and his team run in the Nuveen Large Cap Equity Series.
Afore XXI Banorte funds its first mandate with initial disbursement to BlackRock
January 4, 2016 by
Two years after naming Schroders and BlackRock winners of a USD 1.2 billion European mandate, Afore XXI Banorte disbursed USD 320 million to BlackRock. The mandate is the first to use the newly minted custody platform build by State Street.
Bias to Europe leads to advances by Vanguard and Deutsche in Colombian pension market
December 18, 2015 by
Colombian AFPs in September continued to show bias to Europe, as overall exposure to the region hit USD 3.5 billion, benefiting managers like Vanguard and Deutsche, who captured a combined USD 232 million in their European funds and ETFs during the month.
Market Vectors ETFs now trade in local currency on Chilean exchange
December 18, 2015 by
The commencement of trading in pesos is a significant development as it reduces currency risk for local investors.
Brazil’s fund industry suffers worst contraction since 2008
December 18, 2015 by
As a result, year-to-date net new investment fell to BRL 7.9 billion, the lowest 11-month level since 2008, despite record net flows of BRL 32.6 billion (USD 8 billion) into retirement funds for the year.
BlackRock: Cresting of easy-money tide puts strong recovery in doubt
December 18, 2015 by
“We expect little or no price appreciation in fixed income and only muted gains for most equity markets in 2016," said the authors of the outlook from BlackRock.
Natixis: Institutional investors bullish on global stocks and alternatives in 2016
December 18, 2015 by
Fifty percent of those surveyed said they will increase private-equity holdings, 46% said they will increase private debt allocations, and 41% responded that they plan to increase allocations to hedge funds.
Chilean AFPs rediscovered global equities in October, to the delight of cross-border managers
December 7, 2015 by
October was a good month for active managers Julius Baer, Deutsche, Schroders, Investec and Robeco, while ETF providers iShares and Vanguard finally caught a break as AFPs finally began taking positions in equity again.
