While local companies can fit into this category, it is expected that foreign banks that left the country due to lack of legal protections will try to make landfall again in Buenos Aires. To do this they will have to open offices in the country and register as an AAGI.
New advisory designation marks resumption of private-banking activity in Argentina
September 28, 2017 by
Chilean regulator on verge of publishing alternatives regulations
September 28, 2017 by
AFPs will likely be able to invest between 5% and 15% of their AUM in this asset class. Some distributors, such as Ignacio Montes of Credicorp Capital, had been hoping for sublimits to promote more real-estate and infrastructure investment.
CCR Monthly Approval Report – August 2017
August 30, 2017 by
Investec and Morgan Stanley had two products each registered, while JP Morgan and Lord Abbett followed completed the list with one fund each.
Piñera’s pension proposal likely to encourage cross-border investment
August 14, 2017 by
The candidate's campaign released a proposal that would boost employer contributions by 4%, all of it channeled to AFPs, as opposed to the current government's plan to use a government-supervised fund outside the purview of the AFP industry.
CCR Monthly Approval Report – July 2017
July 31, 2017 by
Only three products were added in the month from three different asset managers: HSBC, Macquarie and Kames Capital.
Insurers strengthen their role as institutional investors in Mexico
July 17, 2017 by
With 55 billion in technical reserves, insurers are now allowed to invest 10% in government debt, 50% in equities, 5% in private equity funds, 25% in real estate, 20% in structured, 10% in loans and up to 20% in foreign securities listed on the SIC.
Central Bank boosts international limit for Peruvian AFPs
July 17, 2017 by
The increase will encourage AFPs to continue to diversify their investments abroad just as they approached the previous limit of 44%.
Leak: Chilean AFPs will be asked to foot up to 5% of third-party-fund fees
July 5, 2017 by
While an official position was not staked out by the government at Chile Day 2017 in London, on June 29 and 30, talk in the halls of the event suggests that AFP pension managers will no longer be able to pass third-party costs to the pension fund. In response, local distributors voiced their opposition to Fund Pro Latin America.
CCR Monthly Approval Report – June 2017
July 3, 2017 by
UBAM led with four mutual funds registered in the month, three of them bond products, followed by Allianz and Investec, each with one fund approved.
Bachelet parting gift would force AFPs to pay portion of fund fees
June 28, 2017 by
A few months before presidential and parliamentary elections, a reform initiative proposes that AFPs pay 10% to 15% of management fees, which would directly impact these managers’ profits, Fund Pro Latin America has learned.
