Flexibility and adaptability are Schroders’ keys for achieving the first Afore funding

Alberto Delezé, head of distribution, said the potential market for mandates is brutally big and very interesting for any manager. It should eventually result in a more open investment regime and further easing of regulations.

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The process of setting up a mandate will be more flexible

Consar President Carlos Ramírez said that in the future not only will it take less time to set up new mandates, but there will be more interest in using them from other Afores. No progress on mutual funds.

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Gonzalo Binello will move to London to take up a new role in Schroders

In February, Gonzalo Binello, the Head of Distribution Latin America (ex-Brazil) of Schroders, will move to London to take up a new role in the Global Financial Institution Group (GFIG).

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Afore Banamex goes for two more mandates

About to fund the first mandate - which was won by BlackRock, Schroders and JP Morgan - Javier Orvañanos, investment manager at Afore Banamex, is now working on mandates for commodities and international securities.

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Performance Report – Chilean AFP Investments in Cross-Border Funds and ETFs – October 2013

Excel workbook detailing, over various time periods, returns of each international fund/ETF receiving investments from Chilean AFP. Period ending October 31, 2013.

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