Resolution 4444 gives the USD 170 billion open pension system in Brazil some needed flexibility, and aligns the industry more closely with the investment regime of corporate pension plans. "In general, this is very positive," said Marcelo Mello, vice-president at SulAmérica Investimentos.
Retirement funds in Brazil empowered to invest more in equity, infrastructure and foreign instruments
November 23, 2015 by
USD2 billion pension portfolio in Latam whets appetite of Itaú AGF
May 23, 2012 by
The local manager of the Brazilian group has just registered a mutual fund with the Risk Rating Commission and hopes to attract investments from pension funds.
Compass Group to take over distribution of UBS for the region
April 4, 2012 by
Chilean and Peruvian pension funds currently hold investments in funds of this global asset manager.
IM Trust strengthens institutional focus with Allianz
February 6, 2012 by
Since the start of the year, IM Trust has been distributing Allianz’s funds in Chile, Peru and Colombia.
Foreign managers do not fear competition from local mutual funds
February 1, 2012 by
The Pensions Superintendency established procedures for accounting for shares which allow AFPs to use local mutual funds to invest offshore.
Regulatory change extends fixed income spectrum for AFPs
July 12, 2013 by
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.
BBVA may sell Latam pension businesses
May 25, 2012 by
Spain's No.2 bank BBVA may sell its Latin American pension fund businesses, joining the ranks of banks looking to shed operations outside their main markets to reduce risks and meet tougher capital rules.
Transfers begin to affect pension funds’ portfolio strategy
July 11, 2013 by
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.
Previ plans BRL 300 million to invest in shares of foreign companies
April 17, 2013 by
Rene Sanda, Chief Investment Officer, of Brazil's biggest pension, said the decision followed conversations with other other major pension funds, which agreed on the need to invest abroad.
Consar: flexibility is key to achieving the objective of better pensions
April 4, 2013 by
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.
