An IDB study found that retirees removing 95.5% of their pensions at age 65 made poor investment decisions or spent the money without regard for their future, noted Eduardo Morón, head of a Peruvian insurance group.
Study finds that Peruvian retirees make poor choices with their lump-sum pension payouts
November 2, 2018 by
CCR Monthly Approval Report – October 2018
November 1, 2018 by
MFS, Amundi, Invesco , Schroders, Franklin Templeton, Deutsche, and Nomura were among the fund sponsors gaining approval for new products in October 2018.
Global managers dealt series of body blows in Mexico
November 1, 2018 by
Cross-border firms lost nearly USD 500 million in allocations when BlackRock took over Banamex's fund unit. Meanwhile, a large Afore is close to unwinding two global mandates as regulators delay implementation of fund rules.
Brazilian fund industry shows resilience despite investor uncertainty
October 29, 2018 by
In September, the fund industry posted net inflows of BRL 7.2 billion (USD 2 billion), accumulating inflows of BRL 24.9 billion and BRL 71.1 billion in the quarter and year to date, respectively.
AFPs go long emerging markets; cool on Asia, Europe
October 28, 2018 by
Total allocations from Colombian AFPs to offshore funds and ETFs reached USD 19.2 billion in August.
BlackRock vet joins DWS in senior Latin-American and US-Offshore sales role
October 27, 2018 by
Aiviel Sanchez most recently held the role of offshore relationship manager at BlackRock, where he spent 10 years.
Brazilian government fixed-income ETF to be launched by Itaú
October 27, 2018 by
“We believe that this product has a competitive price and can be accessed by individual and institutional investors,” said Itau's Marcelo Fatio. An IPO of at least BRL 300 million is expected in mid-2019.
Chilean AFPs’ investment processes could soon incorporate ESG factors
October 25, 2018 by
Local managers are already starting to offer funds with this type of standard, while Moneda Asset Mgt. became the first fund manager in Chile to sign on to the United Nations' Principles for Responsible Investment (PRI).
Chilean AFPs retreated in September; add modestly only to Europe
October 24, 2018 by
In a difficult month, Investec held on to the top spot for brands after having displaced iShares for the Number 1 spot in June. It attracted an additional USD 89 million in September for USD 6.6 billion in overall AUM.
Eduardo Montero to assume helm at Credicorp next January
October 19, 2018 by
Since mid-2016, the executive has been head of the wealth management division in charge of the private banking (UHNW clients) and also of the affluent segment (Super Afluente) segment in Atlantic Security Bank, a unit of the Credicorp group.
