The AFPs finished April with USD 17.8 billion invested in cross-border funds and ETFs, almost all of which was in equities, after having yanked USD 597 million in the first quarter.
Tracking the Activities of Global Asset Managers in Latin America
The AFPs finished April with USD 17.8 billion invested in cross-border funds and ETFs, almost all of which was in equities, after having yanked USD 597 million in the first quarter.
Led by iShares MSCI Emerging Markets ETF, the emerging-markets-equity category attracted USD 140 million from AFPs in an otherwise poor December for cross-border firms.
Building on its own fund lineup and strengthening existing third-party traditional and alternatives relationships are Credicorp Capital's key objectives, says Felipe Sotomayor.
"Our Mexican-listed range now spans over 100 funds across broad and targeted fixed-income and equity exposures,” said SSGA's Heinz Volquarts.
The AFPs yanked USD 61 million from cross-border funds and ETFs in March 2019, but shoveled USD 447 million into a single Vanguard ETF, raising the firm’s total Colombian AUM to USD 2.5 billion.
US equity displaced emerging markets as the top draw for the AFPs, with the region attracting USD 392 million in November, ending with USD 4.6 billion in AUM and a 27.8% share.
Total allocations from Colombian AFPs to offshore funds and ETFs slipped to USD 16.4 billion in October; 97% of that exposure is to equity.
"We’re packaging an active strategy in rules-driven index, where security weights can change dynamically as relevant factors and big data indicators evolve," said Will Kinlaw of State Street Global Exchange.
Luis de la Cerda, investment director, said the Afore was open to granting new mandates and to evaluating options in mutual funds when the time comes.
"In private markets, we saw heightened exit activity in recent years as managers took the opportunity to exit their investments. Recently, however, capital calls have slowed, ” said State Street Associate's Will Kinlaw.
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