Chile's risk regulator has approved a raft of vehicles, including Asian and European Ucits, for investment by the country's six pension funds.
In its latest report released Wednesday, the Comisión Clasificadora de Riesgo (CCR), the agency that greenlights the funds the AFPs can invest in, authorized a total of 18 vehicles between ETFs and mutual funds.
Nine newly approved vehicles offer individual country or regional exposure to Europe and Asia.
These regions have been popular with the AFPs. The six pension funds invested a net $320 million in European equities in April, making it the top-gaining region in their portfolios so far this year.
Investments in Asian equities claimed the top spot in terms of total assets as of April, with close to $12.9 billion in AUM.
Here are the approved mutual funds:
The regulator also approved a basket of Ucits ETFs from UBS:
- UBS (Irl) ETF plc - MSCI USA Value UCITS ETF
- UBS (Irl) ETF plc - S&P 500 UCITS ETF
- UBS ETF - Barclays US Liquid Corporates 1-5 Year UCITS ETF
- UBS ETF - Barclays US Liquid Corporates UCITS ETF
- UBS ETF - EURO STOXX 50 UCITS ETF
- UBS ETF - FTSE 100 UCITS ETF
- UBS ETF - MSCI Emerging Markets UCITS ETF
- UBS ETF - MSCI EMU Hedged to USD UCITS ETF
- UBS ETF - MSCI EMU UCITS ETF
- UBS ETF - MSCI Japan Hedged to USD UCITS ETF
- UBS ETF - MSCI Japan UCITS ETF
- UBS ETF - MSCI United Kingdom Hedged to USD UCITS ETF
- UBS ETF - MSCI United Kingdom UCITS ETF
- UBS ETF - MSCI World UCITS ETF
The regulator also removed several funds from its list. It approved a request from Goldman Sachs that it drop the firm's BRICs Equity Portfolio and the N-11 Equity Portfolio, managed by Prashant Khemka and Basak Yavuz respectively.
In addition, it dropped the VanEck Vectors ETF Trust - VanEck Vectors Retail ETF because it failed to meet a requirement of having at least $100 million in assets.