Vivian Borzutzky, who oversees distribution of GAM products in the Andean institutional market, notes that both niche and traditional products have propelled the brand's growth in 2017.
Leak: Chilean AFPs will be asked to foot up to 5% of third-party-fund fees
While an official position was not staked out by the government at Chile Day 2017 in London, on June 29 and 30, talk in the halls of the event suggests that AFP pension managers will no longer be able to pass third-party costs to the pension fund. In response, local distributors voiced their opposition to Fund Pro Latin America.
Distributors are hopeful that Colombian regulator’s proposed changes will stick
Daniel Navajas of Compass Group viewed positively the proposed changes, which include increased access to alternatives, investment in high-yield bond funds and hedge funds, and AFP access to cross-border funds that might have a shareholder owning more than 10%.
Managers welcome easing of Peruvian AFP investment rules
A new SBS resoultion makes it easier for Peruvian AFPs to allocate to UCITs and other funds that use derivatives for non-hedging purposes and to ETFs based on synthetic indices.