Nordea's Roberto Martinho noted a jump in risk aversion with regard to European equities, in the wake of the Ukraine invasion.
JP Morgan AM widens distribution of its funds in Chile
Through an alliance with Banco Bci, the manager will intensify its distribution to private-banking clients, says Juan Pablo Soffia Moller, JPAM's Chilean MD.
Workaround? AFPs may be able to form subsidiaries to manage new flows
Despite the pessimistic pronouncements of undersecretary of social security, Christian Larraín, AFPs may not be left out of the new pension model after all.
Brazilian Mutual Funds: Select List of Vehicles Investing in Cross-Border Instruments – July 2022
Spreadsheet listing Brazilian mutual funds with cross-border strategies, international manager, local sponsor, vehicle type (feeder fund, FOF, fund of ETFs, etc.) as well as amounts invested in each. Data as of July 31, 2022.
Brazilian Mutual Funds: Select List of Cross-Border Feeder Funds – July 2022
Excel workbook detailing a select list of Brazilian cross-border feeder funds. Workbook lists name of underlying mutual fund and international manager as well as amounts invested in each. Data as of July 31, 2022.
Berenberg makes play for Afore money in “attractive” Mexican market
Berenberg's Matthias Born expects to land an allocation from the Afore industry before September. Its first approved fund invests in small-cap European equity.
Pension reform: AFPs may be excluded from receiving future worker contributions
Undersecretary of Social Security, Christian Larraín, said the pension reform would likely limit the role of these managers, but hopes remain.
In May, sector ETFs attracted investments from Colombian AFPs
Pension funds turned to equity products specializing in the health, consumer and tech sectors, which received subscriptions for USD 115 million.
In May, AFPs cut back their international allocations
The largest redemptions were in the high-yield bond segment, totaling USD 309 million, followed by funds specializing in European equities with USD 161 million.
League Table – Assets Gathered by Distributors of Cross-Border Funds and ETFs – Chilean AFP Market – July 2022
This league table provides a ranking of all distributors of cross-border funds and ETFs, by AUM and market share, and a listing of the brands that each distributor represents in dealings with Chilean pension managers. It also includes annual inflows/outflows by cross-border brand. Data as of July 31, 2022.
Companies mentioned in this report: Robeco, Invesco, Lord Abbett, Lazard, Pictet, HSBC, LarrainVial, Ashmore, Lyxor, BMO, PIMCO, Ninety One, UBS, Nomura, Eastspring, WisdomTree, Jupiter, iShares, BlackRock, Schroders, Allianz, State Street, Credicorp Capital, Candriam, Legal & General, JPMorgan, Vanguard, Baillie Gifford, DWS, Man GLG, BlueBay, Neuberger Berman, DoubleLine, Acadian, Bradesco, Abrnd, Janus Henderson, Aviva Investors, Goldman Sachs, Nordea, Van Eck, TIAA-CREF, Mirae, Veritas, ODDO BHF, Dimensional, Axa, BNP Paribas, PineBridge, Barings, Morgan Stanley, Matthews, GAM, Berenberg, Vontobel, Amundi, Fidelity, Moneda, Credit Suisse, Franklin Templeton, AllianceBernstein, Security, BTG Pactual, T. Rowe Price, Edmond de Rothschild, NN IP, MainFirst, Oaktree, Santander, AZ Multi Asset, Bci, EFG, William Blair, Muzinich, La Financière de l'Echiquier, Zurich, Itaú, LarrainVial, Compass Group, BlackRock, Schroders, Credicorp Capital, JPMorgan, Vanguard, Volcom Capital, DWS, HMC Capital, XLC, Bice, Falcom AM, Capital Advisors, LAAMA, BNP Paribas, PineBridge, Picton, Swiss Advisors, Link, Altis, Amundi, Fidelity, Moneda Asset Mgt., Credit Suisse, Franklin Templeton, Vision, Security, BTG Pactual, Banchile, NN IP, Ameris Capital, Singular, Santander, AZ Andes, Bci, EFG, Misti Capital, Unicorn, Zurich, Itaú.