The biggest outflows in November came from emerging markets equity and North America. Emerging markets had been on a roll, capturing assets for nine straight months.
Colombian AFPs now allocate more to emerging markets than US equities
Two emerging-market ETFs - one from iShares and the other from Vanguard - gathered close to USD 600 million in March from Colombian pension managers. A single AFP was responsible for two-thirds of the net investment.
Colombian AFPs turn their attention to emerging markets and Europe
Colombian AFPs' net February allocation of USD 255 million to emerging-markets equity reversed a four-month retreat from the category. Total AUMs abroad of USD 15.7 billion compare with less than USD 13 billion in February 2016.
Pre-Trump, Colombian AFPs embraced emerging markets and North America while turning away from Europe
At the close of October, Colombian AFPs had boosted their exposure to emerging markets to nearly USD 4 billion, an 18-month high. Overall allocations abroad reached USD 14.9 billion, an 11-month high.
Chilean AFPs boost exposure to Latin America and Japan in September
AFPs continued to withdraw from US equities, while plowing money into Latin America and Japan. High-yield bonds and emerging markets funds ended up on the losing end as well.
Colombian AFPs boosted their exposure to emerging markets in August
Colombian AFPs in August increased their exposure to emerging-markets equity by US 477 million, lifting their stake in the region to 24% just behind that of Europe. iShares reached USD 6.4 billion in AUMs, leading the field.
iShares bears the brunt of Colombian AFP portfolio reshuffling
The AFPs redeemed USD 522 million from iShares ETFs in February and USD 548 million in January, as allocations to the US and Europe were sharply reduced.
Colombian AFPs load up on Europe; make shy return into emerging markets
Colombian AFPs sharply increased their investment into Europe in October, while posting positive funds into emerging markets for the first time since May. These moves benefited managers like Vanguard, iShares and Deutsche but hurt others like State Street.