Holdings Report – Colombian Pension Fund Investment in Cross-Border Securities – March 2025

Excel workbook detailing Colombian pension fund (Obligatory + Voluntary) allocations to cross-border mutual funds, ETFs, private equity funds, bonds, stocks and other securities. Includes names of all securities as well as amounts invested in each. Also included is a breakdown of offshore allocations by asset class. Data as of March 31, 2025.

Companies mentioned in this report: iShares, Vanguard, State Street, JPMorgan, Morgan Stanley, Schroders, Baillie Gifford, Groupama, UBS, Wellington, Allianz, Fidelity, Natixis, BNP Paribas, Vontobel, BlackRock, DWS, Invesco, Comgest, Veritas, AllianceBernstein, MFS, SPARX, Janus Henderson, Abrdn, Ninety One, BBH, Robeco, WisdomTree, Franklin Templeton, Barings, Man GLG, NN IP, PIMCO, Matthews, T. Rowe Price, GAM, Lyxor, HSBC, Neuberger Berman, Amundi, GuardCap, Pictet, Credit Suisse, Global X, Credicorp Capital, Lord Abbett, La Française, Goldman Sachs, KraneShares, Sky Harbor, First Trust, BTG Pactual, ProShares, Procure, Dimensional, La Financière de l'Echiquier, Porvenir, Protección, Colfondos, Skandia.

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Banco de la Republica’s international investment modality still in doubt

The investment regime, including alternative assets, should be operational on July 1 together with start-up of the pension reform.

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Positiva Seguros joins the list of ACCAI

This move places the Colombian government in direct competition with former AFPs.

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Porvenir gets 48.1% of participants in ACCAI selection process

The process showed some correlation with AFPs’ percentage market share before approval of the pension reform.

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Mid-January is the deadline for choosing a pension manager

In this first stage, participants will be allocated to the four existing AFPs but by mid-2025 new managers will be entering the system.

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