Allianz, which distributes its products through Credicorp Capital in Santiago, had a great third quarter, with its Euroland Equity Growth attracting USD 430 million from Chilean pension funds.
CCR delists commodities products in response to new alternative-investment regime
November 21, 2017 by
The risk-rating agency responded to new rules put in place by the Pension authority, whose superintendent. Osvaldo Macías, said: "Investment in commodities will not be allowed at this stage by any modality, or investment in hedge funds."
Afore Principal to evaluate mandate options in January
November 21, 2017 by
As the the pension manager looks to gain approvals to incorporate MetLife Afore into the fold, CEO Mariano Ugarte said the firm will evaluate whether to implement an already-approved external mandate in January 2018.
BlackRock Retirement Institute aims to widen pension dialogue in Latin America
November 21, 2017 by
BlackRock's Axel Christensen said the global initiative would have a broad presence in Latin America, starting in Mexico followed by Chile, Colombia, Peru and Brazil, tackling themes such as models, fees, diversification, education, etc.
USD 20 billion returns to Mexican economy from repatriation
November 21, 2017 by
Mexicans took advantage of the 8% tax payment on repatriated capital to forego being subject to income tax owed on profits for each year the money was invested outside the country, said Deloitte Mexico's Luis Liñero.
Principal Chile strengthens wealth business and offshore fund lineup
November 21, 2017 by
With Andrés Silva’s appointment as head of Wealth Management and the incorporation of a dozen UCITS funds to its local platform, Principal now covers the HNW segment, i.e. clients with financial assets of over USD 1 million.
Carolina Montiel to head BNY Mellon’s family-wealth investment-advisor group
November 21, 2017 by
Based in Miami, Montiel will report to Ridge Powell, managing director and team leader of the advisory group, and will support the Florida region alongside Managing Director Ray Sidwell and the international team.
Europe and Latam gain as Colombian AFPs unwind US and Asian positions
November 8, 2017 by
Colombian AFPs moved USD 661 million into cross-border funds in September, with European funds from JP Morgan and Lyxor garnering large investments. Products in the Latam region also advanced.
Chilean market approves of investment limits on alternatives
November 8, 2017 by
The more aggressive multifunds will eventually be able to allocate up to 15% of their assets to alternatives; however, initially the Central Bank is allowing a maximum of 10% in the type A fund.
Chilean AFP flows to Europe and Asia topped USD 1 billion in September
November 7, 2017 by
Chilean AFP assets in cross-border funds and ETFs reached USD 71.8 billion at the close of 3Q 2017. Henderson, Allianz, UBS and Investec products enjoyed high levels of inflows for the month.
