The AFPs decreased their exposure to equity by USD 3.2 billion during the month, while boosting investments in fixed-income funds by USD 893 million.
Colombian AFPs favor emerging-markets equities in choppy market
Led by iShares MSCI Emerging Markets ETF, the emerging-markets-equity category attracted USD 140 million from AFPs in an otherwise poor December for cross-border firms.
Brazilian equity funds reaping benefits of Ibovespa climb
Fueled by October’s substantial 11.2% upturn in the Ibovespa, Brazilian equity funds were atop the industry’s return rankings, also recording the industry’s highest year‐to‐date returns.
Fixed-income and flexible funds drive inflows in August
The Brazilian mutual fund industry posted net new inflows of BRL 21.1 billion (USD 6.4 billion) in August 2016, bringing total NNI to USD 72 billion in the first eight months of 2016.
Brazilian investors not enticed by sharp rise in share prices
Despite double-digit gains of the local stock market in July, investors dumped balanced and mixed funds and were agnostic on equity vehicles. Flows into short-term funds were strong, however.
Chilean AFPs bailed on US, Asian and European equities in July
Meanwhile, the fixed-income category received a USD 661 million allocation that reversed a USD 518 million outflow in June. AUMs of USD 17.5 billion in cross-border fixed income were at a 12-month high.
Vision Advisors enjoys expansion into new business areas
In addition to a local-fund offering that has grown to USD 80 million, Vision will begin regional distribution of Lansdowne and Cheyne Capital hedge funds. It already represents Templeton, Rogge and AllianceBernstein funds.
JP Morgan forecasts AFPs will maintain position in local equity
Despite the leeway available on limits on investing abroad, domestic equity has stabilized at 15% to 19% of portfolio during the last five to six years, which suggests their being influenced by a mix of strategic and political considerations.
Schroders shuts Brazilian equity fund
Schroders said the small size of the underperforming Schroder ISF Brazilian Equity had made it impossible to be run cost effectively.
Aseguradoras redujeron sus utilidades en 59.1% durante 2011
Mercado asegurador en su conjunto registró ventas totales que alcanzaron los USD9,681 millones en 2011.