While lauding the goals of incentives to repatriate overseas assets, Pioneer's Gustavo Lozano told Fund Pro Latin America that Mexico's current problems complicate the likelihood of a strong response from wealthy investors.
Chilean AFP industry faces uncertainty from many angles
The CEO of the Chilean AFP Association, Fernando Larrain, discusses issues confronting the pension system, from potential legislation, the impact of third-party advisors, lack of definition on the alternatives front, and others.
CCR Monthly Approval Report – January 2017
A total of 16 products were added in January to the list of approved instruments to receive investments from Chilean Pension Managers (AFPs). UBAM, Allianz, BNP Paribas, Vanguard, Man, and Edmond de Rothschild were among the managers registering products.
CCR Monthly Approval Report – December 2016
Eight mutual funds were added in December to the list of approved instruments eligible to receive allocations from Chilean Pension Managers (AFPs). Of those, only one it is an equity product, while the others belong to the fixed income and money market asset class categories.
Money managers could benefit from latest Brazilian repatriation law
“A relevant horizon of about BRL 150 billion (USD 40 billion) of "new" resources to be administered onshore and offshore has been opened," said Itau Private Bank's Gustavo Tavares.
CCR Monthly Approval Report – November 2016
Ashmore, Eastspring, AXA, BNY Mellon, and Stone Harbor Investment were among the fund sponsors gaining approval for new products.
CCR Monthly Approval Report – October 2016
While iShares led with 14 ETFs registered in the month, Fidelity (three), Invesco, Neuberger Berman and UBS also won approval for funds of their own.
Public marches to protest tax credits of AFPs owned by multinationals
The public is up in arms over the USD 400 million tax benefits received on a write-down of the goodwill stemming from MetLife's purchase of AFP Provida and Principal's purchase of AFP Cuprum in recent years.
CCR Monthly Approval Report – September 2016
M&G led with eight mutual funds registered in the month, all of them domiciled in the UK, followed by Lazard and Veritas, each with one fund approved.
CCR Monthly Approval Report – August 2016
HSBC led with three mutual funds - two of them fixed-income products and one equity - while BNY Mellon and Lazard followed with two funds each. The list was completed by fund listings from Nordea and GAM, while State Street listed a real-estate ETF from its SPDR family.