Measures under discussion run the gamut, from an increase in contribution rates to 14% from 10% and inclusion of the armed forces and police in the private system, to a reduction in the multifund system to three funds from five.
CCR Monthly Approval Report – December 2015
January 11, 2016 by
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
December 7, 2015 by
Repatriation or sunlighting of undeclared overseas assets could generate new flows to local private banks and wealth managers.
CCR Monthly Approval Report – November 2015
December 7, 2015 by
Santander and Amundi registered four and three mutual funds in the month, respectively, while five other managers also won approval for one product of their own.
Afores: Cross-border funds are the logical alternative to cumbersome mandate process
December 7, 2015 by
"We have emphasized repeatedly their advantages and [cross-border funds] are a proven option; Peru, Chile and Colombia use them and capitalize on them," said Carlos Noriega, president of the local Afore trade group (Amafore).
Retirement funds in Brazil empowered to invest more in equity, infrastructure and foreign instruments
November 23, 2015 by
Resolution 4444 gives the USD 170 billion open pension system in Brazil some needed flexibility, and aligns the industry more closely with the investment regime of corporate pension plans. "In general, this is very positive," said Marcelo Mello, vice-president at SulAmérica Investimentos.
CCR Monthly Approval Report – October 2015
November 5, 2015 by
While WisdomTree and iShares led with three and two ETFs, respectively, registered in the month, Franklin Templeton, PineBridge and JP Morgan also won approval for funds of their own.
CCR Monthly Approval Report – September 2015
October 1, 2015 by
AXA and Fidelity registered six new mutual funds, while Nordea had three new funds approved.
Rule changes in Chile could unleash AFP investment boom in private equity
September 10, 2015 by
Pension Superintendent Tamara Agnic recognized that significant changes to the AFP investment regimen are under consideration. These modifications could potentially result in higher allocations to alternative asset classes, and direct investment by the AFPs in cross-border private-equity funds and REITs.
Vibrant, agile Mexican fund industry in sight thanks to streamlined regulations
September 1, 2015 by
"There was a lot of very tedious bureaucracy in the past, but now the creation and operation of funds will be much smoother," says Eduardo Flores Herrera (photo) of Mexico's CNBV.
