Prohibition of new withdrawals and entry of new players into pension fund management are some of the innovations.
Demand for cross-border oriented funds recovered in the third quarter
Fixed income strategies attracted greater attention from institutional investors. Regulatory changes in the taxation of funds can boost greater demand from high-net wealth clients in allocating their resources internationally, said Fernando Cavallete, portfolio specialist at Itaú Asset.
Constitutional Council secures the continuity of the AFP system
The Plenary vote reflects the views of the right-wing sectors that dominate the body.
Dimensional launches its active ETFs in Chile
With advice from Capital Advisors, the firm is making available to investors 15 ETFs already registered in the CCR.
JP Morgan closes agreement with Calastone in Brazil
Brazil is one of the largest fund markets in the world and is currently growing in scale. CVM 175 presents an opportunity for Brazilian investors to further diversify their investments, and this connectivity allows JP Morgan Asset Management in Brazil to prepare for the future," said William Brennan, Director of New Markets at Calastone.
AFP profits don’t seem to concern pension participants
According to a survey, 60% of workers still prefer to join the private pension system over the public system.
Mutual funds see outflows of BRL 4.7 billion in October
The Balanced-Mixed/Foreign Investment had the largest net selling of BRL 4.7 billion in October, followed by the Balanced-Mixed/Macro, with BRL 4.5 billion in outflows.
CCR Monthly Approval Report – October 2023
A total of six products were added in the month from six different asset managers: Franklin Templeton, Goldman Sachs, Impax, Jupiter, KPS Capital and Vanguard.
Brazil mutual funds lose BRL 13.6 billion in September
The Balanced-Mixed class led losses, with outflows of nearly BRL 11.9 billion in the month.
CCR Monthly Approval Report – September 2023
A total of five products were added in the month from four different brands: Franklin Templeton, Colchester, M&G, and Independencia.