Valmex’s Luis Lozano said the voluntary pension market is a solution for those with higher income, “who are not fully covered under the traditional and obligatory pension market.”
Tracking the Activities of Global Asset Managers in Latin America

Valmex’s Luis Lozano said the voluntary pension market is a solution for those with higher income, “who are not fully covered under the traditional and obligatory pension market.”

In the medium term, AFPs will have to reorganize their portfolios after a series of 10% withdrawals, says ACAFI president Luis Alberto Letelier.

Equity funds saw outflows of BRL 10.6 billion in January, impacted by the Equity–Free Portfolio subcategory, with redemptions totaling BRL 4 billion.

Moneda, AlpInvest Partners, Astorg Partners , HarbourVest Partners and HG CP were the managers registering products in January 2022.

"iShares ETFs give Chilean investors the means to build their portfolios in an effective and simple way," said BlackRock's Andrés De Goyeneche.

Pension managers turned to European equity products as the most attractive option, making purchases totaling USD 168 million in November.

Funds investing in Asian equities received USD 1.47 billion while funds investing in the US market attracted a total of USD 1.15 billion.

Colombian AFPs reduced their exposure to emerging-market-equity products while increasing their positions in specialized instruments with European exposure.

In October, high-yield and EMD funds were hit with USD 1 billion in redemptions from Chilean AFPs, which again faced withdrawals from clients.

The Brazilian fund industry brought in BRL 369 billion in new flows in 2021, more than double the amount reached in the previous year.
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