Chile’s risk regulator has added four bond funds and two equity vehicles to the list of funds the country’s six pension funds can invest in.
In its monthly report released Monday, the Comisión Clasificadora de Riesgo, greenlighted four Union Bancaire Privée (UBP) funds, including a Japan equity vehicle, from the UBAM fund range.
UBP said it was working to expand its coverage in Latin America by entering with agreements with local asset managers, according to its 2016 annual report.
This year the regulator has included 12 of UBP’s funds in its approved list, including the funds in the latest report.
Here’s the full list of the six approved vehicles, a decrease from last month’s 18 approved funds:
The regulator also dropped four funds from its list because they had less than $100 million in assets.
One of the funds, the Schroder International Selection Fund - European Equity (Ex UK), has lost 2.52% in the past three years, while its Citywire-assigned benchmark, the FTSE World Europe ex UK TR EUR, has risen 5.13%.
Here's the full list of dropped funds: