Colombian AFPs pulled USD 175 million from cross-border funds and ETFs in April, with USD 135 million flowing out of equity and USD 52 million exiting fixed income.
Colombian AFPs shun US, see better opportunities in Europe and Asia
AFP exposure to Europe, Asia and even emerging markets were at year-to-date highs, as the rise of the US stock market failed to excite Colombian portfolio managers.
Colombian AFPs ended 2016 with rush into US equities and exit from Europe
Colombian pension-manager allocations to North American equity as of December reached USD 3.2 billion in December, or 22% of the USD 14.5 billion cross-border portfolio, vs. just 14% in July.
Colombian AFPs boosted their exposure to emerging markets in August
Colombian AFPs in August increased their exposure to emerging-markets equity by US 477 million, lifting their stake in the region to 24% just behind that of Europe. iShares reached USD 6.4 billion in AUMs, leading the field.
US and Asian equity managers again pounded by Chilean AFPs
Chilean AFPs pulled investments in February from Asian and North American equities, as well as from high-yield bonds, in moves that hurt funds and ETFs like iShares Core S&P 500, Financial Select Sector SPDR, Investec Asian Equity and Axa US High Yield Bonds.
Colombian AFPs redeemed positions in December in face of global equity downturn
A double-whammy of poor performance and redemptions by Colombian AFPs from positions in North America, Europe, Japan and emerging markets left global sponsors reeling in the final month of 2015.