The risk-rating agency responded to new rules put in place by the Pension authority, whose superintendent. Osvaldo Macías, said: "Investment in commodities will not be allowed at this stage by any modality, or investment in hedge funds."
CCR delists commodities products in response to new alternative-investment regime
November 21, 2017 by
Principal Chile strengthens wealth business and offshore fund lineup
November 21, 2017 by
With Andrés Silva’s appointment as head of Wealth Management and the incorporation of a dozen UCITS funds to its local platform, Principal now covers the HNW segment, i.e. clients with financial assets of over USD 1 million.
Chilean market approves of investment limits on alternatives
November 8, 2017 by
The more aggressive multifunds will eventually be able to allocate up to 15% of their assets to alternatives; however, initially the Central Bank is allowing a maximum of 10% in the type A fund.
EuroAmerica and MSCI partner on Chilean small-cap ETF
November 7, 2017 by
Amid a run-up in equity valuations, the two firms are trying to respond to higher levels of investor interest in local exposure.
CCR Monthly Approval Report – October 2017
November 7, 2017 by
While First Trust led with four ETFs registered in the month, while AllianceBernstein, Axa, LarrainVial and Credicorp Capital also won approval for funds of their own.
GAM funds prove irresistible to Andean institutions in 2017
November 7, 2017 by
Vivian Borzutzky, who oversees distribution of GAM products in the Andean institutional market, notes that both niche and traditional products have propelled the brand's growth in 2017.
CCR Monthly Approval Report – September 2017
October 12, 2017 by
Eurizon led with three mutual funds registered in the month, all of them domiciled in Luxembourg, followed by PineBridge and UBAM, each with two funds approved.
Credicorp to unveil Latin American strategies fund
September 28, 2017 by
Credicorp's Alejandro Perez-Reyes says the fund will be domiciled in a Latin American country first, with a follow-on UCITS launch possible in the future.
Capital repatriation sparks growth in Mexican fund business
September 17, 2017 by
Repatriation of some MXP 100 billion, driven by the government decree that offers tax incentives on return of undeclared capital, has benefited mutual fund operators, says Principal's Luis Lozano.
BICE Inversiones tapped to subadvise cross-border fund
September 15, 2017 by
The fund will invest in investment-grade Latin American fixed-income securities and be marketed through various global mutual fund platforms, but under the name (or brand) of a European bank, said t BICE's Enrique Santibáñez.
