The AFPs finished June with USD 17.2 billion invested in cross-border funds and ETFs, almost all of which was in equity-oriented products.
Tracking the Activities of Global Asset Managers in Latin America

The AFPs finished June with USD 17.2 billion invested in cross-border funds and ETFs, almost all of which was in equity-oriented products.

"We are very glad to take this next step in extending our relationship and deepening our commitment to Latin America,” said Howard Marks, co-chairman of Oaktree.

The executive had been serving as head of offshore sales in Miami. Meanwhile, Schroders also promoted Pablo Albina to a top regional investment role.

A total of 28 products were added in the month from nine different asset managers: Amundi, Barings, BlueBay, Cathay, Fidelity, Janus Henderson, Principal, IK Investment Partners, Singuler Guff.

The AFPs finished the month with USD 84.3 billion invested in cross-border funds and ETFs, 70% of which was in equities.

The Spanish firm is launching UCITS FoFs with Amundi, Morgan Stanley, Robeco, JPMorgan and PIMCO. The products will be distributed in Latin America either directly or via locally domiciled feeders.

Colombian AFPs pulled away from cross-border funds and ETFs in May, yanking USD 1.2 billion mostly from equity funds as global markets reeled amid trade tensions.

“Last year’s market volatility was a strong reminder of the importance of professional advice in helping to build diversified portfolios," said David Giunta, CEO for the US and Canada at Natixis Investment Managers.

AFPs and cross-border managers are clinging to hopes that the amendment will be expunged or reversed before the final pension-reform bill goes to a vote in the Congress.

This pioneer in the residential rental market, led by Felipe Swett, now finds itself in competition with other firms, such as Ameris, BTG Pactual, Credicorp Capital and Compass Group.
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