Active funds fared much worse in the month, with the exception of money-market funds. High-yield products were hit hardest.
Chilean AFPs boosted cross-border allocations by USD 1.3 billion in January
Chilean AFP pension managers started the year with a hefty increase in their international exposure. Bond funds attracted the largest net flows.
Chilean AFPs finished 2022 with added flows to mutual funds and ETFs
After three straight months of net outflows, the pension managers made purchases of USD 295 million during the month of December.
International bond funds captured Chilean AFP investments in November
Pension funds increased their international debt portfolio by a total of USD 250 million in November 2022. Products specializing in the high-yield segment led subscriptions.
Global bond funds attracted AFP allocations in October
Even though AFPs continue shedding positions in cross-border funds and ETFs, global bond funds took in USD 136 million in new money in October.
Chilean AFPs continued to shed positions in international funds and ETFs in July
Among equity products, redemptions totaled USD 672 million in the month, while fixed-income products lost USD 357 million.
Chilean AFP cross-border redemptions extend to September, with sales of USD 1.3 billion
Equity funds in both European and Asian markets were hit by the largest redemptions, of USD 423 million and USD 353 million, respectively.
Chilean AFPs continue to shed positions in international fixed-income funds
In August, the cuts in international fixed-income funds totaled USD 255 million, while USD 85 million was invested in equity funds.
In May, AFPs cut back their international allocations
The largest redemptions were in the high-yield bond segment, totaling USD 309 million, followed by funds specializing in European equities with USD 161 million.
Chilean AFPs sold off cross-border-fund and ETF positions totalling USD 1.3 billion in June
Products specializing in the European market continued to receive the largest redemptions, totaling USD 537 million in the month.