In an exclusive interview, Alejandro Bezanilla, investment manager, explains the investment process and risk management of the AFP’s portfolios. Selectivity in selection of managers of international funds and liquidity for meeting transfers are key factors.
Flexibility and adaptability are Schroders’ keys for achieving the first Afore funding
Alberto Delezé, head of distribution, said the potential market for mandates is brutally big and very interesting for any manager. It should eventually result in a more open investment regime and further easing of regulations.
JP Morgan Funds strengthen in Latin America
The creation of a new job to coordinate all sales in the region, filled by Guiuliano de Marchi, combines with the plans to open a distribution office in Colombia.
Bice Inversiones aims to strengthen its offer in Asia
The distributor is looking for a manager specializing in Asia to complement its existing offer. Bice currently distributes funds of Goldman Sachs, Van Eck, Nordea, and TIAA-CREF.
Regulatory change extends fixed income spectrum for AFPs
The E fund will soon be able to invest in mutual funds and fixed income ETFs, even though up to 10% of the portfolio of these instruments relates to the restricted category.
Transfers begin to affect pension funds’ portfolio strategy
AFPs could be looking for more liquid instruments to deal with mass changes, such as happened in April at the suggestion of a pension consultant.
Idea of raising the pension contribution percentage gains ground
A state AFP is one of the proposals with most impact on presidential candidates, but would not have the support of the technical people.
Consar: flexibility is key to achieving the objective of better pensions
Sergio Rodríguez, director general of Financial Planning and Economic Studies of the regulator, says his agency is planning to extend the 20% limit on foreign securities, and that flexibility is the key to long-term thinking on the system.
Mark Mobius: Mexican pensions have the potential to outperform the Chilean market opening
The emerging market guru of Franklin Templeton believes that if the regulations continue to promote diversification options, as they have done in the last year, the country has the potential to outperform the Chilean market in three years.
Foreign banks step up presence in Chile
For this year, Goldman Sachs announces opening of offices while State Street is set to expand operations.






