AFPs had to shed positions in international funds and ETFs for a total of USD 1.1 billion in the month, shrinking exposure in these instruments to USD 86 billion at the end of August 2021.
Chilean AFP positions in international funds and ETFs continued to fall in August
Metlife Chile beefs up senior management as it fights redemption effort
MetLife has argued that affiliate redemptions from annuity plans constitutes expropriation and violates the Chile-USA free-trade agreement.
CCR Monthly Approval Report – October 2021
A total of 21 products were added in the month from 10 different asset managers: Schroder, Invesco, JP Morgan, Moneda, BNP Paribas, Goldman Sachs, Janus Henderson, UBAM, Vanguard and KKR.
M&G and Picton sign distribution agreement for Chile and Peru
"Picton continues to expand its footprint in Latin America through a partnership with a world-class active asset management firm," said founding partner Matias Eguiguren.
Franklin Templeton to acquire Lexington Partners
“This acquisition will position us to capitalize on the highly sought after secondary private equity market," said Jenny Johnson, president and CEO of Franklin Templeton.
Investment abroad slowed in 3Q 2021, but managers are still high on Brazil
"Throughout 2021, we have observed a significant increase in the demand for investment funds abroad," says Renata Cypreste, commercial head of BB DTVM
Afore SURA weighs funding new mandates in Mexico
Despite having the option to invest in UCITS, Andres Moreno, Afore SURA’s CIO, believes mandates will end up being the cheaper alternative.
Credicorp in Chile using fintech to reach micro investors
Chilean fintech Tenpo is giving Chilean managers - starting with Credicorp - access to the small-investor segment without the expense and hassle.
Credicorp Capital seals alliance with Tyba for digital fund placement in Peru
The fund manager plans to double its size in the Peruvian mutual fund industry over the next five years.
State Street very much plugged into Afores evolving international appetite
Afores have a keen interest on ETFs giving access to ESG, thematics and sector investing outside the S&P500, says SSGA's Heinz Volquarts.