The managers once again favored North American equity, placing USD 82 million into those funds for AUM of USD 5.5 billion — their biggest allocation.
Chilean AFPs ease off equity, add to fixed income in July
The AFPs injected USD 447 million into cross-border funds and ETFs during the month. That brought total investments to USD 87.2 billion, 67% of which was in equities.
Over USD 1 billion flowed to global managers via Brazilian funds in 1H 2020
Managers with a local presence in Brazil are finally benefiting from their early-mover status in Brazil, among them Western Asset, PIMCO, JPM and Schroders.
Amid difficulties, Brazilian fund industry raises USD 27 billion through August
Balanced/Mixed and Equity classes raised more in the first eight months of the year (BRL 48.8 billion) than the amount in the same period of 2019 (BRL 41.4 billion).
Colombian AFPs plunged back into equity in June as markets rallied
Cross-border funds and ETFs attracted USD 376 million from the AFPs in June to finish the month with USD 19.2 billion in assets under management.
Picton takes over institutional distribution duties for Federated Hermes
Picton will focus on positioning Federated Hermes’ investment capabilities and services in the Latin American pension sector and with other institutions.
Jupiter expands Latin America and US offshore distribution team
Jupiter's William Lopez has put together a distribution team that relies on three external firms in addition to in-house professionals.
AMLO floats bid to increase Afore contribution rate to 15%
The Mexican president's surprise announcement would boost contributions from the current 6.5% rate over eight years, with employers footing the bill.