Pension managers turned to European equity products as the most attractive option, making purchases totaling USD 168 million in November.
Chilean AFPs plowed more than USD 3.5 billion into equity funds in November
Funds investing in Asian equities received USD 1.47 billion while funds investing in the US market attracted a total of USD 1.15 billion.
Colombian AFPs pursued European equity in October
Colombian AFPs reduced their exposure to emerging-market-equity products while increasing their positions in specialized instruments with European exposure.
Chilean AFPs slashed overseas fixed-income positions in October
In October, high-yield and EMD funds were hit with USD 1 billion in redemptions from Chilean AFPs, which again faced withdrawals from clients.
Consar hands UCITS fund-approval responsibilities back to pension association
After a change in leadership at the CONSAR, the Amafore will again be responsible for approving international funds suitable for Afore consumption.
CCR Monthly Approval Report – December 2021
Vanguard led the list of registered investment products in the month with two ETFs, followed by Man GLG with one mutual fund and Cheyne Capital with one alternative product approved.
US equity ETFs attracted Colombian AFP investment in September
AFPs increased exposure to US equities, adding USD 338 million in the month. In contrast, they shed positions in Japanese and emerging-market-equity funds.
Singular AGF expands local ETF offering in Chile with Nasdaq 100 product
Singular's Pablo Jaque said the ETF gives any investor with 1,000 Chilean pesos access to global companies that are leading the technological revolution.
Chilean AFPs re-embraced equities while dumping some fixed-income positions in September
Meanwhile, by vehicle type, ETFs received net subscriptions of USD 45 million while sales of cross-border mutual funds took in USD 355 million.
CCR Monthly Approval Report – November 2021
Pictet, Fidelity, Robeco, Neuberger Berman, Francisco Partners, StepStone Group and NREP AB were the fund sponsors gaining approval for new products.