Purchases in the last month of the year were concentrated in US and European equity, for a total of USD 263 million and USD 108 million, respectively.
Not dead yet: Chilean Congress still pushing for fifth pension withdrawal
Seven withdrawal bills will begin to be processed in the next few days, some for 10% and others for 100%. The executive is urging patience.
In election month, Chile’s AFPs increased their liquid positions
In December, Chilean AFPs dismantled USD 1.6 billion of their positions in cross-border funds and ETFs. The equities segment suffered most from the redemptions.
Peruvian insurer launches local fund line investing overseas
Fondos Max invest overseas using ETFs of JP Morgan, BlackRock and Vanguard, says Fernando Menéndez, investment manager of Vivir Seguros.
Compass starts distribution of Luxembourg-based Latam high-yield fund
Targeted at institutional investors and financial intermediaries.
Colombian AFPs bet heavily on US equities in January
Equity instruments, mostly funds specializing in the US and emerging markets, attracted most allocations, with USD 577 million.
Chilean AFPs showed strong bias for passive vehicles in January
ETFs received the largest portion of subscriptions, totaling USD 870 million, while redemptions were USD 834 million from active funds and USD 615 million from money-market funds.
OECD recommends single compulsory pension scheme for Colombia
The Colombian pension association used the report to promote conversion of the pay-as-you-go state-run scheme to the AFPs and the creation of a state-run AFP.
Nervous investors forced Chilean mutual funds to allocate record amounts abroad
Political uncertainty had an impact on the investors’ focus; 2021 ended with an unprecedented 20% foreign exposure for local mutual fund portfolios.
Chilean AFPs: 2022 will not be a year of sweeping changes
With several balls in the air for this year, not least of which a Constitutional Convention, few expect big pronouncements from the incoming Boric government in 2022.