Acafi expressed its concern about a proposed tax increase on dividends, which could be a major disincentive for investors.
Chilean AFPs and alternatives funds incorporate ESG into investment policies
June 30, 2022 by
ESG investment among 18 Chilean fund managers amounted to USD 6 billion through 44 funds, said Acafi board member María José Montero.
Alternative funds seen losing share in AFP portfolios due to affiliate withdrawals
March 1, 2022 by
In the medium term, AFPs will have to reorganize their portfolios after a series of 10% withdrawals, says ACAFI president Luis Alberto Letelier.
Redeemable funds in Chile have gathered USD 5.2 billion in AUM
July 29, 2018 by
Luis Alberto Letelier, president of the ACAFI, says redeemable funds - which increasingly invest in funds of global managers - have opened a great tax-efficient opportunity for affluent Chilean investors.
ACAFI welcomes new alternatives regulations, but still sees pending issues
January 4, 2018 by
ACAFI chief Luis Alberto Letelier said attractive products and the hard work of local managers - not capital repatriation - have been the major driver for growth of the closed-end fund business in Chile.
Private-equity funds in Chile added USD 2 billion in AUMs in 12 months
June 29, 2016 by
Local domiciled private-equity funds are enjoying strong growth just as the regulator is proposing increased limits on AFP investments in alternatives.
AFPs may gain authorization to invest directly in infrastructure projects
May 18, 2016 by
The proposal would authorize direct investment by AFPs and insurers in infrastructure projects, and no longer require the managers to allocate to local closed-end investment funds.
Acafi promotes boost in alternatives investment, but through Chilean-domciled funds
February 9, 2016 by
In light of a potential boost in AFP investment in alternatives, Cristián Letelier of the Acafi trade group wants the pension managers to continue using local funds to do so, enumerating many benefits of the current practice.
Picton head favors direct AFP investment in alternatives
January 21, 2016 by
The tax benefits of local feeders still make sense for insurers and family offices, says Matías Eguiguren of Picton Advisors. But allowing the tax-exempt pension funds to invest directly offshore "would give them the opportunity to differentiate themselves."
Conversion to public status boosts visibility of Chilean PE funds
September 10, 2015 by
The number of closed-end investment funds in Chile grew more than 30% in the first quarter of 2015 due mainly to the conversion of private funds into public funds, according to the president of the Chilean Investment Funds Association, Luis Alberto Letelier.
