Local domiciled private-equity funds are enjoying strong growth just as the regulator is proposing increased limits on AFP investments in alternatives.
Chilean AFP replace equity with big positions in fixed income and money market
June 8, 2016 by
Despite the losses in equities, total AFP allocations to cross-border instruments grew by USD 372 million to surpass the USD 61 billion mark - their highest level since December. Vanguard also surpassed iShares as the leading asset gatherer among Chilean AFPs.
JP Morgan Brazil is bullish on demand for international offerings
May 2, 2016 by
Giuliano de Marchi believes there are 500,000 Brazilians with investments in excess of BRL 1 million, the amount needed to fully invest abroad. “Yet, only 1% of the investors able to invest abroad actually do it,” he told Fund Pro Latin America.
Chilean AFPs trimmed their exposure to Asia and emerging markets in January
March 17, 2016 by
While cutting back broadly on positions across Asia, emerging markets and in the US, the AFPs targeted European equities in January. Some large funds from AXA, iShares, and Henderson, suffered, while State Street and Deutsche had some reason to cheer.
Brazilian funds start year with outflows from equity and mixed funds
February 24, 2016 by
January’s net sales exceeded the BRL856 million posted in the same month in 2015.
Chilean AFPs boosted European equity holdings in December while fleeing from high-yield bonds
January 28, 2016 by
December was tough on funds of AXA and BTG Pactual, while Deutsche and Henderson benefited from investment in Europe and PIMCO and JPM took advantage of AFP interest in low volatility fixed-income products.
Picton head favors direct AFP investment in alternatives
January 21, 2016 by
The tax benefits of local feeders still make sense for insurers and family offices, says Matías Eguiguren of Picton Advisors. But allowing the tax-exempt pension funds to invest directly offshore "would give them the opportunity to differentiate themselves."
ANBIMA recategorizes Brazilian funds based partially on new CVM classification
December 7, 2015 by
Funds will be classified on three levels, using first the classification established by the CVM, followed by their management style, asset-allocation and risk factors, and finally additional details of their investment strategies.
Goldman Sachs gets in the ETF game with launch of US Large Cap vehicle
October 1, 2015 by
"Our clients asked us to apply our investment expertise to exchange-traded funds," said Michael Crinieri, GSAM's global head of ETF strategies. “We believe ActiveBeta ETFs create solutions for them and capitalize on our global reach and deep knowledge of the markets.”
Vontobel a believer in Mexico’s 100-year bonds
May 14, 2015 by
Mexico faces near-term challenges regarding oil revenues, but the longer-term growth story is solid, says Luc D’Hooge (photo), head of emerging-markets debt at the Swiss group.
