While iShares led with five ETFs registered in the month, four of them currency hedged products, Edmond de Rothschild (3), Legg Mason (2), Credit Suisse (2), Investec (1), Julius Baer (1) and Lazard (1) won approval for their mutual funds.
Panama finally removed from watch list of the Financial Action Task Force
The Central American nation was placed on the list in June 2014 after the IMF deemed there were significant flaws in its anti-money laundering policies.
CCR Monthly Approval Report – February 2016
Five funds were added, while 17 were delisted. Edmond de Rothschild led with three mutual funds listed, all of them equity products, followed by BlackRock and NN IP, each with one new fund approved.
Latin countries seek to breathe new life into regional fund association FIAFIN
Mónica Cavallini, CEO of the Chilean fund association and a past general manager of the FIAFIN, spoke to Fund Pro Latin America about the upcoming ambitious projects of the regional association.
CCR Monthly Approval Report – January 2016
A total of 19 products were added in January to the list of approved instruments to receive investments from Chilean Pension Managers (AFPs). Petercam, Highland Funds, AZ Multi Asset, MAN-GLG, Invesco, PIMCO and Pictet were among the managers registering products.
Distributors are hopeful that Colombian regulator’s proposed changes will stick
Daniel Navajas of Compass Group viewed positively the proposed changes, which include increased access to alternatives, investment in high-yield bond funds and hedge funds, and AFP access to cross-border funds that might have a shareholder owning more than 10%.
Picton head favors direct AFP investment in alternatives
The tax benefits of local feeders still make sense for insurers and family offices, says Matías Eguiguren of Picton Advisors. But allowing the tax-exempt pension funds to invest directly offshore "would give them the opportunity to differentiate themselves."
CCR Monthly Approval Report – December 2015
Eleven mutual funds were added in December to the list of approved instruments eligible to receive allocations from Chilean Pension Managers (AFPs). Of those, eight are domiciled in Luxembourg, two in Ireland and one in the USA.
Tax holiday on wealthy Chileans could alter local private-banking landscape
Repatriation or sunlighting of undeclared overseas assets could generate new flows to local private banks and wealth managers.