The AFPs further reduced exposure to their top allocation, Asian equity, by USD 689 million in August, after having pulled out USD 707 million in July.
Chilean AFPs funneled USD 783 million to cross-border funds and ETFs in March
The AFPs finished the month with USD 81.3 billion invested in cross-border funds and ETFs, 70.5% of which was in equities, as they sought better returns.
AFPs favor Asian equity and emerging-markets debt as markets recover
AFPs injected USD 760 million into emerging-markets bonds and USD 743 million into Asian equity in February, as total cross-border allocations passed the USD 80 billion mark.
Chilean AFPs flee fixed income in November selloff
Emerging market bond funds took the biggest hit in November, with pension managers withdrawing USD 565 million from the category.
Afore Sura funds mandate with Investec for USD 150 million
Luis de la Cerda, investment director, said the Afore was open to granting new mandates and to evaluating options in mutual funds when the time comes.
Afore Sura funds its first international mandate for USD 150 million
Afore Sura has given the green light to its diversification strategy in international investments, funding a global equity mandate valued at USD 150 million. Two more mandates for a total of USD 350 million are awaiting a final go-ahead.