Chilean AFPs flee funds in broad October selloff 

The AFPs wrapped October with USD 73.2 billion invested in cross-border funds, 70% of which was in equities.

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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.

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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.

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Investec shuts Compass-run Mexican equity fund amid fall in AUM

The Investec GSF Mexican Equity fund was launched as Luxembourg-domiciled fund in February 2014 using the expertise of Latin American investment specialist Compass Group and its CIO Luis Yance, Citywire reported.

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Chilean AFPs rediscovered global equities in October, to the delight of cross-border managers

October was a good month for active managers Julius Baer, Deutsche, Schroders, Investec and Robeco, while ETF providers iShares and Vanguard finally caught a break as AFPs finally began taking positions in equity again.

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Consar greenlights funding of USD 400 million Banamex mandate with Pioneer

The president of the Consar, Carlos Ramírez Fuentes (photo), told Fund Pro Latin America that the agency believes mandates are quite important vehicles at the disposal of Afores, but acknowledged that the approval processes need to be sped up.

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As assets swell, global managers may reconsider Chilean distribution strategies

After reaching a certain level of sales, some foreign firms have recognized the need to formalize their local presence. But many still remain faithful to multi-brand distribution. This article takes a fresh look at the pros and cons of the schemes currently in place in Chile.

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Compass Group tapped to manage Investec Mexico fund

The fund will be managed by the US-based Compass Group, which specializes in Latin America. Compass also runs Investec’s Latin American Corporate Debt, Latin American Equity, and Latin American Smaller Companies funds.

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Compass Group Mexico wants a piece of the Afore market

In an interview with Latin Asset Management, José Ignacio Armedariz and Luis Palacio said they will be very active in the next two years offering Afores new alternatives to benefit the pension managers' international portfolios.

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Managers confirm simplification of SBS registration process

Over the last few months the registration process for new foreign mutual funds has been reactivated, with record times of six weeks.

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