The AFPs have shunned fixed-income ETFs to date because most are domiciled in the US and subject to withholding tax.
Cross-border products finally catch a break, capture USD 600 million in April from Chilean AFPs
May 20, 2014 by
Purchases were channeled for the most part through mutual funds, while ETFs lost positions. Seven products received at least USD 100 million in the period. Funds from Invesco, Templeton, DWS, BNP, and Blue Bay gathered the most.
JP Morgan forecasts AFPs will maintain position in local equity
May 14, 2014 by
Despite the leeway available on limits on investing abroad, domestic equity has stabilized at 15% to 19% of portfolio during the last five to six years, which suggests their being influenced by a mix of strategic and political considerations.
Market Vectors: Institutions return to EMD; retail investors still fearful
May 14, 2014 by
Fran Rodilosso, fixed income portfolio manager for Market Vectors ETFs, noted that there is evidence that some institutional asset managers, including asset allocation strategists, pension funds, and foreign fund managers, are now increasing exposure to emerging markets in various ways.
US-Chile tax treaty would rekindle AFP interest in US-domiciled funds
May 14, 2014 by
If the US does away with charging a 30% withholding tax on certain distributions, US-domiciled funds would gain tax-equalization vis-à-vis Luxembourg and, hopefully, a fresh look from Chilean pension managers.
Larrain Vial selects Raptor Trading for global order routing to MILA markets
May 14, 2014 by
“Adding Raptor to our points of entry allows us to expand our regional offering, providing convenience for clients trading the MILA Markets, " said Claudio Larrain, managing partner of Larrain Vial.
Fitch affirms top rating for BTG Pactual Asset Management
May 14, 2014 by
The 'Highest Standards' rating reflects Fitch's opinion that the manager's investment platform and operating framework are superior relative to the standards applied by institutional investors in international markets. The rating applies only its domestic Brazilian operations in traditional funds and does not include its overseas asset management activities.
Federated Investors embarks on regional distribution effort with backing of RJ Delta
May 14, 2014 by
The firm now has six funds registered with the CCR and new registrations are projected, in the framework of a regional distribution rollout undertaken by the United States' seventh-largest fund manager.
Pimco and GAM first to register Irish funds as CCR lifts suspension
May 14, 2014 by
The rating agency took Moody's upgrade into consideration when accepting this domicile again. Irish funds had been banned for purchase by Chilean AFPs since September 2011.
Wagner Guida departs Chile to assume institutional product area at Itaú Brazil
May 9, 2014 by
After five years as CEO at Itaú AGF Chile, the executive returns to Brazil to control the area of products for the institutional investors, corporates and distributors.
