AFP exposure to North American equity hit a three-month-high of USD 10.4 billion in October, as managers plowed USD 438 million into the segment. Over the last three months, the SPDR S&P 500 has accumulated USD 1.2 billion in new AFP investment.
Chilean AFPs showed renewed interest for US equities ahead of of November elections
Chilean AFPs boost exposure to Latin America and Japan in September
AFPs continued to withdraw from US equities, while plowing money into Latin America and Japan. High-yield bonds and emerging markets funds ended up on the losing end as well.
Citi Private Bank continues to build out Latin American team
As newly named head of the Latin American multi-asset trading & advisory team, Nicolas Schmidt-Urzua will be responsible for providing complex trading solutions to the firm’s most sophisticated capital markets clients, including active traders.
Chilean AFPs added allocations to Asia and emerging-market-bond funds in August
Funds from Templeton and BlackRock led the advance in the Asian region, while an Asian products from Investec and a Japanese fund from Julius Baer were among the biggest losers in August, which was another bad month for US and European funds as well.
JPM Brazil launches Global HY Bond in local currency
"This new fund will have returns calculated by the local interbank deposit certificate rate – CDI + 3%,” said Giuliano De Marchi, head of sales for Latam.
Stronger Real spurs selloff of international funds in Brazil
BB DTVM's major partners are BlackRock, Nordea, JP Morgan and Schroders, who represent more than 70% of total AUM of its international products, said Ricardo Forni, product manager.
Chilean AFPs bolt from global equity May
AFPs cut their positions in May from over two dozen Asia-oriented funds and ETFs, while also trimming their exposure to Japanese, North American and European equity, leading to a net redemption of USD 1.9 billion in the fifth straight month of equity outflows.
JP Morgan AM takes minority stake in ETF provider Global X
"Investing in Global X augments our ETF strategy by expanding and deepening our participation in this fast-growing industry," said Jed Laskowitz, co-head of global investment management solutions for JP Morgan Asset Management.
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.
XP Investimentos sees opportunities in broadening its platform with international products
XP's Gustavo Pires said conversations with global managers are ongoing, after having added locally-domiciled feeder funds of JP Morgan, Western Asset, AllianceBernstein and Principal Financial's Claritas unit to its platform.