By product type, ETFs received a total of USD 982 million in net subscriptions, while active funds shed USD 251 million.
Itaú puts Goldman brand name on in-house feeder fund
The Goldman Sachs Global Millennials USD Selection Ações feeder fund will be available through Itaú’s fund of funds platform and is aimed at qualified local investors.
Colombian AFPs boosted equity global positions in December
Purchases in the last month of the year were concentrated in US and European equity, for a total of USD 263 million and USD 108 million, respectively.
In election month, Chile’s AFPs increased their liquid positions
In December, Chilean AFPs dismantled USD 1.6 billion of their positions in cross-border funds and ETFs. The equities segment suffered most from the redemptions.
Peruvian insurer launches local fund line investing overseas
Fondos Max invest overseas using ETFs of JP Morgan, BlackRock and Vanguard, says Fernando Menéndez, investment manager of Vivir Seguros.
Compass starts distribution of Luxembourg-based Latam high-yield fund
Targeted at institutional investors and financial intermediaries.
Colombian AFPs bet heavily on US equities in January
Equity instruments, mostly funds specializing in the US and emerging markets, attracted most allocations, with USD 577 million.
Chilean AFPs showed strong bias for passive vehicles in January
ETFs received the largest portion of subscriptions, totaling USD 870 million, while redemptions were USD 834 million from active funds and USD 615 million from money-market funds.
CCR Monthly Approval Report – February 2022
A total of 15 products were added in the month from four different asset managers: iShares, Allianz, M&G and Vanguard.
Alternative funds seen losing share in AFP portfolios due to affiliate withdrawals
In the medium term, AFPs will have to reorganize their portfolios after a series of 10% withdrawals, says ACAFI president Luis Alberto Letelier.







