In December flows to international funds and ETFs stalled, but there was significant movement of portfolios toward equity in emerging markets and Asia. Fixed income funds are losing ground.
Chilean Managers eye Luxembourg
January 3, 2013 by
By setting up mutual funds offshore, managers can offer advantages of liquidity to their institutional clients while simultaneously raising funds from foreign investors.
Managers confirm simplification of SBS registration process
December 27, 2012 by
Over the last few months the registration process for new foreign mutual funds has been reactivated, with record times of six weeks.
Bice Inversiones takes over distribution of Nordea in Chile
December 13, 2012 by
With this partnership the Norwegian bank aims to receive its first investments from the Chilean pension market.
Closed-end investment funds feel discriminated by the new rules
November 12, 2012 by
In the latest changes to the Pension Fund Investment System, the maximum percentage AFPs can invest in local funds was cut from 5% to 3%.
SBS to ease restrictions on plain vanilla international funds
October 31, 2012 by
Superintendent Schydlowsky said he was ready to simplify registration of funds representing traditional assets, but will keep a wary eye on more complex instruments.
Scotiabank to buy majority stake in Colombian pension fund Colfondos AFP
August 14, 2012 by
Scotiabank says it has reached an agreement to buy a 51% stake in Colombia's fourth-largest pension fund company.
Private equity managers are enthusiastic about Provida’s decision
June 25, 2012 by
The largest Chilean AFP has set up an Alternative Investment Department which may reflect a long-term view that opens the door to less liquid instruments.
Picton Advisors takes on Morgan Stanley distribution in Chile
May 31, 2012 by
The distributor is also preparing a global private equity closed-end investment fund with Warburg Pincus.
Regulations on AFP fees no longer concern managers
May 28, 2012 by
Congressional Committee on Labor and Social Security proposed a regulatory change so that part of the fees that AFPs charge members is based on portfolio returns.
