In December iShares received investments of over USD1 billion. Axel Christensen, executive director for South America (ex Brazil) of BlackRock, pointed to the strong interest in increasing exposure in assets and regions with higher risk-return, in markets other than the USA.
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.
Pension fund portfolios ended 2012 with innovations
In December flows to international funds and ETFs stalled, but there was significant movement of portfolios toward equity in emerging markets and Asia. Fixed income funds are losing ground.
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.
BlackRock to buy Credit Suisse ETF arm
Upon completion of the deal iShares – BlackRock’s ETF arm – will run 264 ETFs with USD157.6 billion.
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.
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%.
Criteria for contracting managers fine tuned
The Risk Review Committee issued a document clarifying the criteria for contracts between afores and managers in Mexico which makes the system viable.
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.





