The AFPs added USD 207 million to cross-border fixed-income and money market funds in October. Three-month outflows totaled USD 7.9 billion.
Chilean AFPs sold off USD 3 billion in cross-border funds in September
Affiliates withdrew close to USD 20 billion under an initial emergency program to help savers get through COVID-19.
Wealthy likely to move AFP money to tax-deferrable local investments
To avoid a tax hit, higher earners may shift their redemptions to local mutual funds using the voluntary retirement framework.
CCR Monthly Approval Report – November 2020
UBAM, Schroder, Axa, AZ Fund, Legg Mason, Lyxor, Pinebridge, DWS, Harrison Street and Kohlberg Kravis Roberts & Co. were the fund sponsors gaining approval for new products.
Nordea tapped to train 7,000 XP Investimentos advisors on ESG practices
“The advisor has to be more prepared for the language of ESG themes," says Roberto Martinho, head of business development at Nordea Asset Management in Latin America.
Chilean alternatives firm raises USD 1.1B from HNW, institutional sectors
Frontal Trust's original focus was on real estate, but in the last five years the firm developed expertise in private debt, private equity and infrastructure, said GM Carmen Vicuña.
CCR Monthly Approval Report – October 2020
Berenberg, Candriam, Credit Suisse, Ninety One, UBS, iShares, State Street, Crow Holdings, Goldman Sachs and TCV were the fund sponsors gaining approval for new products listed on the month.
Brazilians swarmed to cross-border funds in 3Q 2020, fueling new product launches
JPM's Giuliano De Marchi predicted a tenfold increase in international fund AUMs, and revealed that regulators are considering opening global feeders to the general public, not just qualified investors.