While the industry scaled back its cross-border allocation overall, Asia equity took in USD 673 million from Chilean AFPs during February. The sector now has USD 22.3 billion in AFP allocations.
Colombian AFPs shun US, see better opportunities in Europe and Asia
AFP exposure to Europe, Asia and even emerging markets were at year-to-date highs, as the rise of the US stock market failed to excite Colombian portfolio managers.
Colombian AFPs hot on emerging markets and Europe as global allocations swell
Parvest Equity Europe Small Cap-I, a BNP Paribas fund, saw a USD 136 million May allocation that was the largest for an active fund within the Europe equity category. AFP allocations abroad in May totaled USD 17.1 billion, the highest level in over two years.
Colombian AFPs now allocate more to emerging markets than US equities
Two emerging-market ETFs - one from iShares and the other from Vanguard - gathered close to USD 600 million in March from Colombian pension managers. A single AFP was responsible for two-thirds of the net investment.
Colombian AFPs turn their attention to emerging markets and Europe
Colombian AFPs' net February allocation of USD 255 million to emerging-markets equity reversed a four-month retreat from the category. Total AUMs abroad of USD 15.7 billion compare with less than USD 13 billion in February 2016.
Chilean AFPs redeem heavily from North America in March; add to Europe and Japan
Chilean AFPs redeemed heavily from North America in March 2017, pulling the most AUMs since August, while boosting their allocations to Japan and Europe, benefiting Eastspring Japan Dynamic-B and iShares MSCI Eurozone.