With this partnership the Norwegian bank aims to receive its first investments from the Chilean pension market.
Merger of Afore XXI with Afore Banorte could lead to extension of limits for foreign investment
XXI-Banorte will be the largest Afore which could be too big for the Mexican market, and there is also an obvious need for the regulator to extend the foreign asset investment limit.
Ecus Capital captures European investors for USD30 million fund
The manager is confident that the Single Fund Bill (Ley Única de Fondos), currently in on its way through Congress, will allow foreigners to benefit from a less costly tax system.
Closed-end investment funds feel discriminated by the new rules
In the latest changes to the Pension Fund Investment System, the maximum percentage AFPs can invest in local funds was cut from 5% to 3%.
Afore Banamex goes for two more mandates
About to fund the first mandate - which was won by BlackRock, Schroders and JP Morgan - Javier Orvañanos, investment manager at Afore Banamex, is now working on mandates for commodities and international securities.
Regulations on AFP fees no longer concern managers
Congressional Committee on Labor and Social Security proposed a regulatory change so that part of the fees that AFPs charge members is based on portfolio returns.
Chilean pension managers added USD 460 million to their international portfolio in October
Cross-border investments regained space among Chilean Pension Fund portfolios in the last month, after affiliates returned to the more aggressive Multifunds (A and B)
Flow Report – Chilean AFP Investments in Cross-Border Funds and ETFs – October 2013
Excel workbook detailing inflows / outflows of Chilean pension funds into international funds / ETFs. Includes names of all funds/ETFs as well as amounts invested in each. Period ending October 31, 2013
Colombia – Monthly AFP Report Statistics – August 2013
Excel workbook detailing investments of all Colombian obligatory pension funds to international mutual fund managers. Data as of August 31, 2013.
Colombian AFP Obligatory System Investments in Individual International Mutual Funds – July 2013
Chart detailing investments of Colombian AFPs in international mutual funds and international managers. Includes names of all funds as well as amounts invested in each. Also shows overall system investment in each mutual fund. Data as of July 31, 2013.