The AFPs have roared back into Europe and Asia, pumping more than USD 1 billion into equity products from the two regions in June, to the benefit mostly of active managers.
Chilean AFPs redeem heavily from North America in March; add to Europe and Japan
Chilean AFPs redeemed heavily from North America in March 2017, pulling the most AUMs since August, while boosting their allocations to Japan and Europe, benefiting Eastspring Japan Dynamic-B and iShares MSCI Eurozone.
Chilean AFPs showed renewed interest for US equities ahead of of November elections
AFP exposure to North American equity hit a three-month-high of USD 10.4 billion in October, as managers plowed USD 438 million into the segment. Over the last three months, the SPDR S&P 500 has accumulated USD 1.2 billion in new AFP investment.
Chilean AFPs boost exposure to Latin America and Japan in September
AFPs continued to withdraw from US equities, while plowing money into Latin America and Japan. High-yield bonds and emerging markets funds ended up on the losing end as well.
Chilean AFPs added allocations to Asia and emerging-market-bond funds in August
Funds from Templeton and BlackRock led the advance in the Asian region, while an Asian products from Investec and a Japanese fund from Julius Baer were among the biggest losers in August, which was another bad month for US and European funds as well.