The Equity class saw outflows of BRL 40.5 billion, driven by net redemptions concentrated in a few funds, but not reflecting a general trend in the category.
Andean AFPs hope improving economies will negate need for further withdrawals
A third withdrawal in Chile or in Peru does not have sufficient support at this time but, once the economic effect of the previous withdrawals is over, the situation could change.
Global firms suffer year-ending rout as Chilean AFPs brace for second round of redemptions
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.
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.








