In December, Chilean AFPs dismantled USD 1.6 billion of their positions in cross-border funds and ETFs. The equities segment suffered most from the redemptions.
Chilean AFPs showed strong bias for passive vehicles in January
March 15, 2022 by
ETFs received the largest portion of subscriptions, totaling USD 870 million, while redemptions were USD 834 million from active funds and USD 615 million from money-market funds.
Chilean AFPs plowed more than USD 3.5 billion into equity funds in November
January 24, 2022 by
Funds investing in Asian equities received USD 1.47 billion while funds investing in the US market attracted a total of USD 1.15 billion.
Chilean AFPs slashed overseas fixed-income positions in October
January 24, 2022 by
In October, high-yield and EMD funds were hit with USD 1 billion in redemptions from Chilean AFPs, which again faced withdrawals from clients.
Chilean AFPs re-embraced equities while dumping some fixed-income positions in September
December 11, 2021 by
Meanwhile, by vehicle type, ETFs received net subscriptions of USD 45 million while sales of cross-border mutual funds took in USD 355 million.
Chilean AFP positions in international funds and ETFs continued to fall in August
November 11, 2021 by
AFPs had to shed positions in international funds and ETFs for a total of USD 1.1 billion in the month, shrinking exposure in these instruments to USD 86 billion at the end of August 2021.
Chilean House approves fourth withdrawal despite range of opposing voices
October 20, 2021 by
As the bill moves to the Senate, the impact of November elections will weigh heavily on the outcome given the salience of the matter in the eyes of the public.
Colombian legislator proposes allowing older workers to leave AFPs and join government retirement system
September 29, 2021 by
Colombian AFPs and the Ministry of Finance oppose the initiative but in the political world there is interest in a far-reaching rethink of the pension system.
Short law on pensions could halt fourth withdrawal
September 23, 2021 by
Discussion of this short bill in Congress will coincide with the political campaigns of the various presidential candidates.
Annuities: insurers making 10% advances to pensioners, despite legal appeals
July 20, 2021 by
Insurers have several complaints with the process, and warn that a redemption now will reduce payouts down the road, especially for vulnerable retirees.
