Pension funds invested USD 331 million in equity products during April, of which USD 313 million was invested in US equity funds.
Colombian AFPs restructure their positions, turning to international fixed income in March
Pension funds moved into fixed income during March, investing USD 170 million, mostly into emerging-markets debt funds. On the other hand, their redemptions of equity products totaled USD 139 million.
Colombian AFPs pumped brakes on cross-border allocations in February as market volatility rose
Although AFPs continued to increase their exposure in equities, they shed positions in debt and money market instruments. AUMs rose just USD 98 million for the month.
AFP Colfondos promotes in-house executive as new CIO
Andrés Herrera Jiménez, who has been with the firm since 2009, was appointed vice-president of investments of the pension manager.
Cross-border fixed-income funds being scooped up by Colombian AFPs
Over USD 900 million was invested in the asset class during the first half of 2020, with Colfondos and Protección leading the way.
Habitat swarms Colombia with acquisition of Colfondos
The Chilean pension giant, which also has a small operation in Peru, is buying the USD 11.5 billion Colombian AFP from Scotiabank and Mercantil Colpatria.
Colombian AFPs want more contributors in system, even if they receive less from each affiliate
Instead of two regimes (state-run pay-as-you-go and AFPs) competing, there should be a single system based on government social security and individual contributions to public and private AFPs, says the Colombian pension association.
New CEO named at AFP Colfondos
Alain Foucrier Viana was named head of the Colombian pension fund Colfondos, replacing Alcides Vargas Manotas.
Scotia-controlled AFP in Colombia names new CIO
Colombian AFP Colfondos has named Andrés Lozano as its new chief investment officer, replacing Mateo Ossa.
iShares big beneficiary of Colombian AFP focus on emerging markets
The iShares MSCI Emerging Markets ETF was by far the biggest gainer for the month, with allocations coming from AFP Proteccion, with a USD 218 million deposit, and smaller amounts coming from Colfondos, Porvenir and Old Mutual.