The AFPs finished June with USD 17.2 billion invested in cross-border funds and ETFs, almost all of which was in equity-oriented products.
Tracking the Activities of Global Asset Managers in Latin America
The AFPs finished June with USD 17.2 billion invested in cross-border funds and ETFs, almost all of which was in equity-oriented products.
Eemerging-markets-equity funds and ETFs continued to attract assets. Category favorite iShares MSCI Emerging Markets led inflows with USD 178 million coming into the fund.
The AFPs finished May with USD 78.5 billion invested in cross-border funds and ETFs, 69.7% of which was in equities.
While Asian, European and Japanese equity funds suffered outflows, emerging-markets-bond funds bagged USD 485 million. Ashmore Emerging Markets Short Duration was the big winner.
The AFPs finished 2018 with USD 71.9 billion invested in cross-border funds, 71% of which was in equities. Net outflows reached USD 1.7 billion in the fourth quarter due to the bloodbath in fixed-income funds.
Chilean AFPs added USD 554 million to cross-border funds and ETFs in April, taking in more emerging-market bonds and Latin American equity as they continued to seek yield amid high valuations.
US equity displaced emerging markets as the top draw for the AFPs, with the region attracting USD 392 million in November, ending with USD 4.6 billion in AUM and a 27.8% share.
The AFPs wrapped October with USD 73.2 billion invested in cross-border funds, 70% of which was in equities.
The AFPs yanked USD 516 million from emerging markets equity in September, including a USD 533 million redemption from the iShares MSCI Emerging Markets ETF.
Chilean AFPs pulled USD 125 million of assets from offshore funds and ETFs in May, cooling on European, Japanese and North American equities as trade concerns plagued markets. Asian and Latin American equities continued to attract flows, however.
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