While an exemption for foreign investors from the 35% capital gains tax on remittances is what is what drove interest in the law, other modifications to closed-end fund regulations should widen their appeal among all types of investor groups, both domestically and regionally.
AFPs are also looking favorably at unified fund law
December 23, 2013 by
The elimination of capital-gains taxes on some local vehicles could encourage more foreign participation, contributing to more liquidity in types of products that are heavily dependent on AFP investment.
Peruvian AFPs ask SBS to consider Latam allocations as “local” investments
December 20, 2013 by
The maneuver would free up another 4% of quota for investing in cross-border instruments domiciled outside of the region.
Chile: Markets fret over Bachelet’s tax-free savings scheme
December 18, 2013 by
Alarm bells rang in the mutual fund industry because of doubts about what parameters will be used to define the concept of "risk-free." In general, the Bachelet initiative, if enacted, would cause disruption to, or conflict with, many long-established mechanisms already in place to foster savings and investment in the local markets.
