In the medium term, AFPs will have to reorganize their portfolios after a series of 10% withdrawals, says ACAFI president Luis Alberto Letelier.
Redeemable funds in Chile have gathered USD 5.2 billion in AUM
July 29, 2018 by
Luis Alberto Letelier, president of the ACAFI, says redeemable funds - which increasingly invest in funds of global managers - have opened a great tax-efficient opportunity for affluent Chilean investors.
ACAFI welcomes new alternatives regulations, but still sees pending issues
January 4, 2018 by
ACAFI chief Luis Alberto Letelier said attractive products and the hard work of local managers - not capital repatriation - have been the major driver for growth of the closed-end fund business in Chile.
Conversion to public status boosts visibility of Chilean PE funds
September 10, 2015 by
The number of closed-end investment funds in Chile grew more than 30% in the first quarter of 2015 due mainly to the conversion of private funds into public funds, according to the president of the Chilean Investment Funds Association, Luis Alberto Letelier.
Foreign investors in Chilean funds get favorable tax treatment
April 9, 2015 by
Thanks to the recently-enacted Unified Fund Law (LUF), foreigners investing in Chilean-domiciled funds will be subject to a maximum 10% tax ceiling, even if direct investment in underlying assets is subject to a higher tax rates, says Luis Alberto Letelier, a legal advisor to the Chilean Association of Investment Fund Managers (ACAFI).
