The AFPs yanked USD 6.7 billion from cross-border funds and ETFs in December, mostly from equity. That brought total fund and ETF allocations to USD 89.1 billion.
Global firms suffer year-ending rout as Chilean AFPs brace for second round of redemptions
Itaú gets shareholder nod for XP spinoff, awaits Fed approval
Itaú will retain a roughly 5% stake in XP following the spinoff, although the bank has signaled it may sell that remaining stake to monetize part of its investment.
CCR Monthly Approval Report – January 2021
HSBC, Aviva Investors, Dimensional, Federated Hermes, Morgan Stanles, Pictet, WisdomTree, Aberdeen Standard and, Berkshire Partners were the managers registering products in January 2021.
Cross-border funds regained lost flows from Chilean AFPs in November
The AFPs increased their exposure to equity funds by USD 4 billion, while adding USD 1.2 billion to fixed-income. The buying spree came as the S&P 500 surged 10.7%.
Mexico’s largest Afore may double its fund allocations in the short term
Afore XXI Banorte's new CIO revealed the firm's approach to manager selection and monitoring, and noted the key role active funds will play in building out its international investment strategy.
Will 2021 be a breakout year for active funds in Mexico? The Amafore seems to think so.
The Amafore's Alvaro Melendez predicted an uptick in allocations to active funds while emphasizing need to increase cap on international investments.
Active managers key to Afore SURA’s international exposure
"We will have a local expert helping us make better investment decisions and adding alpha to our clients' portfolios," said SURA's Andrés Moreno.
Multimarket funds see record net inflows in 2020
Multimarket funds saw the largest net inflows in 2020, at BRL 97.6 billion, followed by equity funds with net inflows of BRL 69.4 billion.
Lexington Partners opens São Paulo office, expanding presence in Latin America
"We are pleased to establish a local base in Brazil from which to engage directly with investors and high-quality managers," said Lexington's Jose Sosa del Valle.