Even US equity funds enjoyed gains in December, as Chilean AFPs capped off a banner year. "Valuations are not necessarily crazy, but they’re certainly high,” said Richard Garland, managing director at Investec.
Brazilian fund industry raised USD 82 billion in 2017
Declining interest rates provoked transfers in 2017 to balanced/mixed funds which raised BRL 101 billion (USD 32 billion), and equity funds, which added BRL 21 billion (USD 7 billion).
Drop in interest rates pushes Brazilian investors out of short-term funds
A drop in interest rates has provoked investors to diversify their allocations, with most moving a portion of their holdings to balanced and mixed funds.
Chilean AFPs couldn’t get enough Asian equity in November
The pension fund managers allocated USD 1.4 billion into Asia equity in November. Funds from Investec, UBS, Allianz, and NN gained as other regions rose as well. iShares increased the Chilean AUMs it manages to USD 8.3 billion.
Colombia redemptions spare few regions in November
The biggest outflows in November came from emerging markets equity and North America. Emerging markets had been on a roll, capturing assets for nine straight months.
Performance Report – Mexican Mutual Fund Investments in Cross-Border Funds and ETFs – December 2017
Excel workbook detailing, over various time periods, returns of each international fund/ETF receiving investments from Mexican Mutual Funds. Data as of December 31, 2017.
Companies mentioned in this report: BBVA; Van Eck; Santander; Aberdeen; Schroders; Guggenheim; MFS; Global X; Franklin Templeton; First Trust; Goldman Sachs; iShares; BlackRock; JP Morgan; Pioneer; WisdomTree; State Street; PowerShares; Vanguard; Man; Old Mutual; Robeco; Principal; Henderson; PIMCO; Julius Baer; Union Bancaire Privée; Fidelity; Deutsche; ProShares; Exane; Lyxor; Direxion Shares.
Performance Report – Mexican Mutual Fund Investments in Cross-Border Funds and ETFs – November 2017
Excel workbook detailing, over various time periods, returns of each international fund/ETF receiving investments from Mexican Mutual Funds. Data as of November 30, 2017.
Companies mentioned in this report: BBVA; Van Eck; Santander; Aberdeen; Schroders; Guggenheim; MFS; Global X; Franklin Templeton; First Trust; Goldman Sachs; iShares; BlackRock; JP Morgan; Pioneer; WisdomTree; State Street; PowerShares; Vanguard; Man; Old Mutual; Robeco; Principal; Henderson; PIMCO; Julius Baer; Union Bancaire Privée; Fidelity; Deutsche; ProShares; Exane; Lyxor; Direxion Shares.
Record net inflows continue in Brazil
The Brazilian fund industry’s record net inflow through October 2017 - BRL 243 billion - reinforces the positive trajectory of the segment this year.
Colombian AFPs look to US and Latin America in October
The biggest inflows went to North America equity, with Colombian AFPs shifting USD 99 million into the funds after pulling money out the previous month.
Chilean AFPs turn conservative in October, pour USD 958 million into money-market funds
Total Chilean AFP investments in mutual funds and ETFs rose USD 1.7 billion to reach USD 74.9 billion in October.