AFPs will soon have funds domiciled in 11 different markets.
Registration of funds: a situation that managers have taken on board
Whether because of the procedure developed by the regulators or the AFPs themselves, it is not possible to place a fund until three months after the start of the process.
Principal buys stake in Claritas
As part of its long-term strategy to boost its presence in Brazil it will buy a 60% percent indirect ownership stake in the Brazilian mutual fund manager.
HMC starts the year raising over US$400 million from AFPs
Ricardo Morales, partner of HMC - firm associated with the Brazilian firm Itajuba Investimentos - says they achieved sales for managers Matthews, Neuberger Berman, BlueBay and East Capital.
IM Trust strengthens institutional focus with Allianz
Since the start of the year, IM Trust has been distributing Allianz’s funds in Chile, Peru and Colombia.
Foreign managers do not fear competition from local mutual funds
The Pensions Superintendency established procedures for accounting for shares which allow AFPs to use local mutual funds to invest offshore.
BlackRock to start managing equity and bonds for sovereign fund
The firm was one of the managers selected by the Central Bank to manage these assets. The portfolio should begin operating during the first quarter of the year.
BBVA may sell Latam pension businesses
Spain's No.2 bank BBVA may sell its Latin American pension fund businesses, joining the ranks of banks looking to shed operations outside their main markets to reduce risks and meet tougher capital rules.
Transfers begin to affect pension funds’ portfolio strategy
AFPs could be looking for more liquid instruments to deal with mass changes, such as happened in April at the suggestion of a pension consultant.