AFP exposure to Europe, Asia and even emerging markets were at year-to-date highs, as the rise of the US stock market failed to excite Colombian portfolio managers.
Colombia’s AFP Porvenir opted for EAFE in November while slashing positions in US
February 19, 2016 by
AFP Porvenir made the biggest changes to its international portfolio vis-à-vis its pension-manager peers in November, shifting USD 400 million to a single iShares EAFE exchange-traded fund while redeeming passive positions in US equities.
