BlackRock has further expanded its offering in Chile by adding 22 vehicles to the list of funds in which local pension funds can invest.
In its monthly report, Chile’s risk regulator, the Comisión Clasificadora de Riesgo (CCR), revealed it had approved a series of iShares funds from the US titan, including an index fund that invests in developed markets but excludes firms that make most of their money from tobacco.
Overall, the new offering includes 13 equity funds from BlackRock’s Index Selection Fund range and nine bond vehicles from its Fixed Income Dublin Funds group.
European manager Edmond de Rothschild also listed new funds on the CCR list, as did Matthews Asia, Oddo BHF Asset Management, and Lyxor ETF. Here’s the full list:
|iShares Developed Real Estate Index Fund||Alan Mason|
|iShares Developed World ex Tobacco Index Fund||Kieran Doyle|
|iShares Developed World Index Fund||Kieran Doyle|
|iShares Edge EM Fundamental Weighted Index Fund||Kieran Doyle|
|iShares Emerging Markets Index Fund||Kieran Doyle|
|iShares EMU Index Fund||Kieran Doyle|
|iShares Europe ex-UK Index Fund||Kieran Doyle|
|iShares Europe Index Fund||N/A|
|iShares Japan Index Fund||Kieran Doyle|
|iShares North America Index Fund||Kieran Doyle|
|iShares Pacific Index Fund||Kieran Doyle|
|iShares UK Index Fund||N/A|
|iShares US Index Fund||N/A|
|iShares Euro Credit Bond Index Fund||Darren Wills|
|iShares Euro Government Bond Index Fund||Francis Rayner|
|iShares Euro Investment Grade Corporate Bond Index Fund||N/A|
|iShares GiltTrak Index Fund||N/A|
|iShares Global Inflation-Linked Bond Index Fund||Francis Rayner|
|iShares UK Credit Bond Index Fund||Duncan Fergusson|
|iShares Ultra High Quality Euro Government Bond Index Fund||Sid Swaminathan|
|iShares US Corporate Bond Index Fund||N/A|
|iShares World ex Euro Government Bond Index Fund||Francis Rayner|
|Edmond de Rothschild - Emerging Corporate Bonds||Stéphane Mayor and Marc Lacraz|
|Matthews Asia Funds - Japan Fund||Kenichi Amaki|
|Matthews Asia Funds - Pacific Tiger Fund||Sharat Shroff|
|Oddo Active Smaller Companies||Guillaume Chieusse, Elodie Lehmann and Yannig Pariset|
|Oddo Avenir Euro||Pascal Riégis, Grégory Deschamps, Frédéric Doussard and Sébastien Maillard|
|Oddo Generation||Emmanuel Chapuis, Javier Gomez Rodriguez, François-Régis Breuil and Guillaume Delorme|
|Multi Units France - Lyxor EURO STOXX Banks (DR) Ucits ETF||N/A|
In addition, at the firms’ request, the CCR dropped from its list all funds available for AFP investment from managers Eagle Asset Management and First State Investments, according to the document.
As of October 31, AFPs had not invested in funds from either firm, according to data from Chile’s pension regulator.
First State Investments declined to comment. It is understood that while the firm had added its funds to the CCR list, Chile wasn’t a top priority market for the firm.
Eagle Asset Management didn’t reply to a request for comment in time for publication.
Here’s the full list of dropped Eagle and First State funds:
- Eagle Capital Appreciation Fund
- Eagle Growth & Income Fund
- Eagle Series Trust - Eagle Mid Cap Growth Fund
- Eagle Series Trust - Eagle Mid Cap Stock Fund
- Eagle Series Trust - Eagle Small Cap Growth Fund
- First State Global Listed Infrastructure Fund
- First State Global Property Securities Fund
- First State Global Resources Fund
- First State - Stewart Investors Asia Pacific Leaders Fund
- First State - Stewart Investors Global Emerging Markets Leaders Fund
- First State - Stewart Investors Indian Subcontinent Fund
Finally, the regulator also dropped the Barings Global Emerging Markets fund because its assets were ‘too concentrated’ among few investors.