BanBif: retail wealth that left Peru could remain abroad

"At the individual level alone, savings of around USD 8 billion have left Peru,” Roberto Montero, manager of BanBif's wealth banking division, told Fund Pro Latin America.

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Peruvian AFPs given roadmap to scale back alternatives exposure

With the AFPs overexposed to these illiquid vehicles, the SBS issued guidance on how reduce positions while limiting the impact on returns and the market.

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Peru’s economy ministry warns about further weakening AFP system

The Congress is still pining for an additional withdrawal that could be approved in the second quarter of 2022.

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Peruvian insurer launches local fund line investing overseas

Fondos Max invest overseas using ETFs of JP Morgan, BlackRock and Vanguard, says Fernando Menéndez, investment manager of Vivir Seguros.

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M&G and Picton sign distribution agreement for Chile and Peru

"Picton continues to expand its footprint in Latin America through a partnership with a world-class active asset management firm," said founding partner Matias Eguiguren.

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Credicorp Capital seals alliance with Tyba for digital fund placement in Peru

The fund manager plans to double its size in the Peruvian mutual fund industry over the next five years.

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State Street very much plugged into Afores evolving international appetite

Afores have a keen interest on ETFs giving access to ESG, thematics and sector investing outside the S&P500, says SSGA's Heinz Volquarts.

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Could Castillo’s arrival deal a death blow to the Peruvian system?

A right-leaning Congress and resistance from the Central Bank are the industry's best hopes for survival.

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Pension withdrawals: Andean AFPs still hold lion’s share of most managers’ Latin AUMs

Matías Eguiguren, a partner at Picton, recognized the damage done to pension fund positions since the outbreak of COVID-19.

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Peruvian AFPs will face additional redemptions after May 19 ruling

Regardless of the outcome of the presidential election, additional withdrawals and weakening of the AFP system appear likely.

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