CCR Monthly Approval Report – July 2016

Goldman led with three products - two ETFs from its ActiveBeta family and one equity fund, while Vanguard followed with two ETFs and Credit Suisse, Pioneer and BNP completed the list with one fund each.

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Conditions in Chile ripe for creation of state-run AFP

The government seeks to integrate prison and military employees into the AFP system. Francisco Murillo, CEO of Sura AM, which controls AFP Capital, said he welcomed the initiative.

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CCR Monthly Approval Report – June 2016

Axa led with seven mutual funds registered in the month, all of them bond products, followed by Ashmore, Henderson and Natixis, each with one fund approved.

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Chilean insurers push for 40% foreign investment limit

Commenting on a bill under review in Congress, Jorge Claude, executive VP of the Association of Insurers, said wider latitude to invest offshore is required in light of the small local capital market.

Permitting early withdrawals of AFP assets a blow to Peruvian system

Eduardo Morón Pastor, a social security expert, believes the end game of Peruvian lawmakers is to make pension savings voluntary.

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CCR Monthly Approval Report – May 2016

The Chilean regulator delisted 34 funds for falling short of the required minimum of USD 100 million in assets under management, while added six mutual funds and six ETFs to the list of approved instruments eligible to receive allocations.

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Responding to calls for transparency, Consar provides more details on Afore investment strategies

In an interview with Fund Pro Latin America, the head of the Afore association defended the lack of access to pension fund portfolios, citing the competitive operating environment in which the Afores operate.

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AFPs may gain authorization to invest directly in infrastructure projects

The proposal would authorize direct investment by AFPs and insurers in infrastructure projects, and no longer require the managers to allocate to local closed-end investment funds.

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CCR Monthly Approval Report – April 2016

BNP Paribas led with three mutual funds - three of them Europe Equity products - registered in the month, while New Capital, a fund family belonging to EFG AM, followed with two mutual funds.

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Managers upbeat on new investment regulations for Peruvian insurers

Insurers' new ability to allocate a portion of their technical reserves in funds investing in real estate, infrastructure projects, receivables, leasing operations, factoring operations, and private equity pleased Daniel Dancourt, CEO of HMC Capital in Peru.

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