Advance collections of income tax and higher expenses leading into summer led to net outflows of roughly USD 5 billion in November.
Bolsonaro selection boosted local fund AUMs in October
Brazilian funds ended October with net inflows of BRL 6.4 billion, bringing the year-to-date amount to BRL 76.6 billion, albeit still below the BRL 251.3 billion raised in the same period of 2017.
Brazilian fund industry shows resilience despite investor uncertainty
In September, the fund industry posted net inflows of BRL 7.2 billion (USD 2 billion), accumulating inflows of BRL 24.9 billion and BRL 71.1 billion in the quarter and year to date, respectively.
Brazilians shrug off market volatility, boost fund investments
Despite market turbulence, the Brazilian investment fund industry ended the month with net inflows of BRL 12.7 billion (USD 3.1 billion), with year-to-date inflows coming in at BRL 61 billion.
Managers eye new pension contributions from self-employed in Chile
Unfortunately for AFPs and foreign managers receiving their allocations, the phase-in of these contributions and their partial diversion to social programs will equate to a negligible uptick in short-term flows.
After June losses, investment fund industry shows small recovery in July
The Brazilian investment fund industry ended July with just BRL 2 billion (USD 500 million) in net inflows, yet it came as a relief for the market, which suffered a net outflow of BRL 23.6 billion in June.
Brazilian funds suffered outflows in June, but YTD balance remains positive
In June, Brazilian mutual funds suffered BRL 25.9 billion (USD 7 billion) in capital outflows, their worst monthly result since October 2008.
Colombian AFPs favor North America, emerging markets amid trade tensions
Total allocations to offshore funds and ETFs rose USD 109 million to end the month with USD 20 billion under management.
Trade rhetoric inspired Colombian AFPs to keep assets closer to home in April
Colombian AFPs showed a preference for North American and Latin American equity in April, while scaling back their positions in emerging-market equities, as escalating US trade rhetoric encouraged the AFPs to invest domestically.
Poor showing in May puts small dent in Brazilian fund industry’s YTD growth for 2018
Despite negative flows of BRL 4 billion in May, there was positive flows for riskier asset classes, including equities, hybrid funds and riskier classes of fixed-income funds.