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Chile’s 10 most popular fund picks in January

The latest report from HMC Capital shows which funds attracted the most money from Latin America’s biggest investors in January.

Toward the end of 2016, Chilean AFPs continued to turn to higher yielding, local markets and away from developed country assets, a trend which has continued into 2017.

Commenting on the data provided by the Chilean pension regulator earlier this month, HMC Capital’s head of institutional distributions, Santiago Arias, said Chilean AFPs largest withdraws came from US and Japanese holdings.

‘In the meantime, pension funds overwhelmingly increased their allocation to Latin America and Eastern Europe, which were funded by Asia Ex-Japan,’ he said.

In fixed income, emerging market debt local currency funds have gained most inflows, followed by Latin American corporate bond funds. Flows in the high yield segments have also been steady, according to the flow data.

Arias added that institutional investors have also backed value over growth toward the end of 2016, which he believes will continue in the first few months of 2017.

‘We are surprised by the low volatility we have seen in the first weeks of the year, but we expect politics in the United States, France, and elsewhere to shake things up a bit as the year progresses. We see increasing demand for low-priced assets and relative value across asset classes,’ he said.

Click through to see the top ten most popular funds for the first month of 2017.

The ranking is derived from a monthly report from Latin American investment and advisory firm HMC Capital, which it compiles using flow data provided by the Chilean pension regulator from all six Chilean AFPs.

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