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.
Bias to Europe leads to advances by Vanguard and Deutsche in Colombian pension market
December 18, 2015 by
Colombian AFPs in September continued to show bias to Europe, as overall exposure to the region hit USD 3.5 billion, benefiting managers like Vanguard and Deutsche, who captured a combined USD 232 million in their European funds and ETFs during the month.
