Colombian Mutual Fund Managers Industry Statistics – December 2017

Excel workbook detailing, over various time periods, mutual fund industry asset growth by managers. Data as of December 31, 2017.

Companies mentioned in this report: Bancolombia; Alianza; Bogotá; Valores Bancolombia; Credicorp Capital; Corredores Davivienda; Corficolombiana; Davivienda; Occidente; BBVA; La Previsora; CitiValores; BTG Pactual; Ultraserfinco; Compañía de Profesionales de Bolsa; Helm; Acción; Fiduagraria; Colpatria; Popular; Old Mutual; SEAF Colombia; Casa de Bolsa; Servitrust GNB Sudameris; Alianza Valores; Colmena; ADCAP; Central; Global Securities; Fiducoldex; Progresion; Gestión; Helm; Acciones y Valores; Seguridad; País; Servivalores; GNB Sudameris; Asesoría e Inversiones; Compass Group; AFIN; Old Mutual; LarrainVial.

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Chilean AFPs make their first allocation to British manager Veritas

The Veritas Asian Fund, managed by Ezra Sun, invests in Asia (ex Japan) and its performance has shown great consistency. In 2017, it had a return of about 50%, undoubtedly catching the attention of AFPs.

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Four alternatives managers now approved in the CCR

Intermediate Capital Group, Oaktree Capital Management, The Carlyle Group and Ardian got the go-ahead from the risk-rating commission to offer alternatives products to the AFPs.

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Mirabaud AM exec shakeup brings new coverage of Latin America

Elena Villalba will be responsible for business development in Spain, Portugal and Latin America. Meanwhile, Raimundo Martín, managing director for Iberia and Latin America since October 2012, is leaving the company.

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Brazilian mutual fund industry raises BRL 25 billion in January

The road ahead for Brazilian fixed-income funds seems rough, as yields are compressed and the benchmark interest rate sits below 7%.

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Colombian AFP Pension Fund Industry Statistics – December 2017

Excel workbook detailing, over various time periods, asset totals and affiliate trends among Colombian AFP pension funds. Data as of December 30, 2017.

Companies mentioned in this report: AFP Protección; AFP Porvenir; AFP Colfondos; AFP Old Mutual.

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Latin American Pension Fund Investments in Cross-Border Securities – December 2017

Chart comparing levels of pension fund system investments in international mutual funds and other international securities. Data from Chile, Colombia, Costa Rica, Mexico and Peru. Data broken out by instrument, Year-end totals from December 2012 through 2016, and as of December 31, 2017.

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Chilean AFPs snapped up Asia and emerging market bonds in January

Emerging market bonds rivaled Asia equity for attention in January, attracting USD 702 million from Chilean AFPs. The category had USD 12.2 billion in AUM at the end of the month, making it the third-biggest allocation for the AFPs with a 13.9% share.

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The iShares business in Mexico enjoyed a 38% jump in organic growth in 2017

In an extended interview with Fund Pro Latin America, Nicolas Gomez, head of iShares for Latin America and Iberia, discussed the scope of ETF business in the region and BlackRock's asset-gathering approach from a distribution and product perspective.

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ETF providers seek to fill “commodity gap” in AFP investment regime

While commodities are off limits in AFP portfolios, ETF distributors are promoting products that have high correlation to various commodities and offer negative correlation to pension portfolios. Alberto Menéndez of Credicorp Capital, distributor of State Street, is among them.

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