Since the start of the year, IM Trust has been distributing Allianz’s funds in Chile, Peru and Colombia.
Foreign managers do not fear competition from local mutual funds
The Pensions Superintendency established procedures for accounting for shares which allow AFPs to use local mutual funds to invest offshore.
AFP Habitat leads Fund Pro ranking for third year in a row
In an exclusive interview, Alejandro Bezanilla, investment manager, explains the investment process and risk management of the AFP’s portfolios. Selectivity in selection of managers of international funds and liquidity for meeting transfers are key factors.
Pensions Superintendent looking at use of currencies by AFPs
It had been noticed that some foreign managers have issued special share series denominated in currencies different from the underlying asset.
JP Morgan Funds strengthen in Latin America
The creation of a new job to coordinate all sales in the region, filled by Guiuliano de Marchi, combines with the plans to open a distribution office in Colombia.
Fixed-income ETFs waiting for Chile-US double taxation agreement
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.


