Piñera cracks whip on Congress to avoid third withdrawal from AFPs

The Senate seems unlikely to pass a bill allowing AFPs to touch any additional money flowing from worker paychecks to meet pension obligations.

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Wealthy likely to move AFP money to tax-deferrable local investments

To avoid a tax hit, higher earners may shift their redemptions to local mutual funds using the voluntary retirement framework.

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Chilean AFPs see heavy outflows in August as savers redeem pensions

The AFPs decreased their exposure to international equity by USD 4.1 billion, while shaving USD 547 million from their holdings of fixed-income funds.

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BlackRock, others, eye listing of gold ETFs in Chile

Approval of gold representative securities comes as global investors focus on gold due to increased market volatility, said BlackRock's Francisco Rosemberg.

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Rule changes in Chile could unleash AFP investment boom in private equity

Pension Superintendent Tamara Agnic recognized that significant changes to the AFP investment regimen are under consideration. These modifications could potentially result in higher allocations to alternative asset classes, and direct investment by the AFPs in cross-border private-equity funds and REITs.

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A second AFP may join Habitat in directly transacting with global firms

A second Chilean AFP could join Habitat in the practice of not putting their transactions through local distributors, but sending them directly to the central offices of foreign managers, Fund Pro Latin America has learned.

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