Executives from Investo, HMC Capital and Franklin Templeton highlight growing institutional demand for international ETFs and active funds, driven by portfolio rebalancing, currency dynamics, geopolitical risks and the search for diversification and resilience in 2026.
Brazilian investors expand international ETF exposure, eyeing diversification in 2026
CCR Monthly Approval Report – January 2026
Sponsors gaining approval were Amundi, Azimut, Blue Owl Capital, Echiquier, Eurazeo, Invesco, iShares, Leonard Green and M&G.
SP sets limits on indirect fees
In general terms, these management fees may not be charged when the investment vehicles offered have more than 10% of their assets invested in instruments that AFPs could invest in directly with relative ease.
BlackRock and Partners Group launch private markets SMA for wealth platforms
The introduction of an outcome-oriented private markets SMA reflects a broader industry shift from products to portfolio solutions, with meaningful implications for wealth platforms.
Grupo Aval restructures its asset management business
Grupo Aval has completed a major restructuring of its asset management operations under the leadership of Alejandro Gómez, former CEO of AFP Porvenir. The group aims to preserve its industry leadership, leveraging its current approximately 25% market share.
Early 2026 brings leadership changes across Chile’s pension system
These include Paulina Yazigi’s planned departure from the AAFP amid speculation about a potential government role, as well as key executive transitions at AFP Habitat.
Investment advisors now influence 5% of Chile’s financial wealth
Registered advisors oversee nearly USD 30 billion in assets under advisory as regulation and demand accelerate the growth of Chile’s advisory market
CCR Monthly Approval Report – December 2025
Bradesco, HSBC, Invesco, VanEck, Wisdomtree, Lone Star Funds and TPG Angelo Gordon were the fund sponsors gaining approval for new product.
SBS promotes the interconnection of financial services and retirement savings
Existing pension fund managers (AFPs) will have to compete with new players, while also being allowed to expand into areas such as banking and insurance. The reform aims to level the playing field, boost competition, and create new opportunities for product distribution and partnerships.
Colombian Government steps back from pension fund repatriation
A newly released draft decree on capital markets development omits any reference to mandatory repatriation, signaling a shift toward strengthening local markets through regulatory reform rather than direct intervention—at least for now.








