Emerging market bonds rivaled Asia equity for attention in January, attracting USD 702 million from Chilean AFPs. The category had USD 12.2 billion in AUM at the end of the month, making it the third-biggest allocation for the AFPs with a 13.9% share.
Brazilian fund industry raised USD 82 billion in 2017
Declining interest rates provoked transfers in 2017 to balanced/mixed funds which raised BRL 101 billion (USD 32 billion), and equity funds, which added BRL 21 billion (USD 7 billion).
Drop in interest rates pushes Brazilian investors out of short-term funds
A drop in interest rates has provoked investors to diversify their allocations, with most moving a portion of their holdings to balanced and mixed funds.
Chilean AFPs couldn’t get enough Asian equity in November
The pension fund managers allocated USD 1.4 billion into Asia equity in November. Funds from Investec, UBS, Allianz, and NN gained as other regions rose as well. iShares increased the Chilean AUMs it manages to USD 8.3 billion.
Colombia redemptions spare few regions in November
The biggest outflows in November came from emerging markets equity and North America. Emerging markets had been on a roll, capturing assets for nine straight months.
Latin American Asset-Gathering Strategies 2016: Cross-Border Distribution to High-Net-Worth and Pension Markets
Latin Asset Management has again teamed with long-time strategic partner Cerulli Associates to publish a report that sizes the market for cross-border funds and ETFs in the Latin American wealth and pension markets.