The new legislation should include authorization to repurchase up to 10% of their own shares annually, Enrique Ovalle, general secretary of Acafi, says.
Sura to distribute 66 BlackRock funds to non-institutional clients
The partnership will strengthen its open architecture model for fund sales. The U.S. firm is also pinning its hopes on potential growth in the retail segment.
Bice Inversiones launches international fund with tax break
The Bice EE.UU mutual fund will trade on the stock exchange giving participants tax-free gains.
Afores sector faces three challenges, Amafore says
International investment, the level of contributions and coverage are among priority topics. The regulator’s role is crucial for a real effort to deal with them and continue the evolution of the pension system in Mexico.
Corfo sees ending support for private equity by 2030
The state entity says 33% private participation in financing was achieved in 2012, and expects this figure to reach 60% by 2020.
Chilean Managers eye Luxembourg
By setting up mutual funds offshore, managers can offer advantages of liquidity to their institutional clients while simultaneously raising funds from foreign investors.
Bice Inversiones takes over distribution of Nordea in Chile
With this partnership the Norwegian bank aims to receive its first investments from the Chilean pension market.
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)
Mercer plans to expand investment consulting in Chile and Mexico
The firm’s Latin American operations are currently centralized in Brazil, however they expect to grow in the rest of the region, with institutional clients and sovereign funds.
Corfo sees ending support for private equity by 2030
The state entity says 33% private participation in financing was achieved in 2012, and expects this figure to reach 60% by 2020.