The agreement will grant a 30% exemption for these instruments from the current withholding on the capital gains.
Bice Inversiones aims to strengthen its offer in Asia
The distributor is looking for a manager specializing in Asia to complement its existing offer. Bice currently distributes funds of Goldman Sachs, Van Eck, Nordea, and TIAA-CREF.
Transfers begin to affect pension funds’ portfolio strategy
AFPs could be looking for more liquid instruments to deal with mass changes, such as happened in April at the suggestion of a pension consultant.
Idea of raising the pension contribution percentage gains ground
A state AFP is one of the proposals with most impact on presidential candidates, but would not have the support of the technical people.
Chile Monthly AFP Report Statistics – July 2013
Excel workbook detailing investments of all Chilean AFPs to international mutual fund managers. Data as of July 31, 2013.
Peruvian AFP Investments in International Mutual Funds – July 2013
Excel workbook detailing Peruvian AFP allocations to global mutual fund managers, over various time periods. Also included is a breakdown of offshore allocations by asset class, over various time periods. Data as of July 31, 2013.
Consar: flexibility is key to achieving the objective of better pensions
Sergio Rodríguez, director general of Financial Planning and Economic Studies of the regulator, says his agency is planning to extend the 20% limit on foreign securities, and that flexibility is the key to long-term thinking on the system.
Foreign banks step up presence in Chile
For this year, Goldman Sachs announces opening of offices while State Street is set to expand operations.
MFS chooses Picton as distributor to win back institutional market
The financial advisory firm Picton became the new distributor, for the Chilean and Peruvian institutional market, of the mutual funds of the asset management firm MFS, which previously had the same type of agreement with LarrainVial. With this move, Picton has added a second foreign manager to its institutional distribution area which began with the...
iShares recovers leadership among AFPs
In December iShares received investments of over USD1 billion. Axel Christensen, executive director for South America (ex Brazil) of BlackRock, pointed to the strong interest in increasing exposure in assets and regions with higher risk-return, in markets other than the USA.



