AFPs allocated USD 126 million to international equity and USD 40 million to cross-border fixed-income, while redeeming USD 343 million from money-market products.
Cross-border equity funds raised USD 331 million from Colombian AFPs in April
Pension funds invested USD 331 million in equity products during April, of which USD 313 million was invested in US equity funds.
Colombian AFPs restructure their positions, turning to international fixed income in March
Pension funds moved into fixed income during March, investing USD 170 million, mostly into emerging-markets debt funds. On the other hand, their redemptions of equity products totaled USD 139 million.
Colombian AFPs pumped brakes on cross-border allocations in February as market volatility rose
Although AFPs continued to increase their exposure in equities, they shed positions in debt and money market instruments. AUMs rose just USD 98 million for the month.
Colombian AFPs stocked up on US Equity and EMD in August
Colombian AFPs channeled USD 150 million in new investments into specialized US equity products - mostly passive - in the month of August.
JP Morgan adds to retail reach in Colombia with Skandia launch
Skandia's voluntary pension multi-fund is making JPM's Global Equity Portfolio available to members of its plan.
Old Mutual ponders expansion out of Colombia and Mexico
The firm is said to be particularly interested in the Brazilian and Peruvian marketplaces, where life-insurance penetration is relatively low.
Old Mutual to offload Latin American operations, including Colombian AFP
The Skandia name is set to be revived in Latin America by the prospective buyer, the Chinese-owned CMIG International.
Colombian unit of Old Mutual builds out its local business
The president of Old Mutual in Colombia, Daniel Cortés McAllister (photo), said the firm is intent on growing the mutual-fund and life-insurance businesses, and is also adding brokerage and real estate to its product portfolio.