Bond funds received placements totaling USD 320 million, with funds specializing in emerging markets outperforming.
AFPs soured on international equities in March
Funds specializing in equities in both the Asian and European markets sustained the heaviest redemptions, losing USD 859 million and USD 686 million, respectively.
Emerging-equity products were the choice for Chilean AFPs in February
By product type, ETFs received a total of USD 982 million in net subscriptions, while active funds shed USD 251 million.
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.
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.
Colombian AFPs added USD 3 billion to cross-border funds and ETFs through July 2017
Total AUMs abroad stood at USD 17.8 billion in July, up from USD 17.1 billion in June, their highest level for at least two years and a half. They compare with USD 14.5 billion at the end of last year.
Brazilian equity funds reaping benefits of Ibovespa climb
Fueled by October’s substantial 11.2% upturn in the Ibovespa, Brazilian equity funds were atop the industry’s return rankings, also recording the industry’s highest year‐to‐date returns.
Brazil’s fund industry suffers worst contraction since 2008
As a result, year-to-date net new investment fell to BRL 7.9 billion, the lowest 11-month level since 2008, despite record net flows of BRL 32.6 billion (USD 8 billion) into retirement funds for the year.