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Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
Latam Road Show Presentation
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Latam Road Show Presentation

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    • 1. Presenter Yasin Ebrahim20th August 2012Pension Funds Overview & OutlookLATAM Region *U$6 Trillion by 2020*Source:: Strategic Insight
    • 2. DISCLAIMERThe information contained here is based on historic information and is merely informativeand statistical in nature, therefore, it does not guarantee the same results in the future. Theinvestment decisions made from information are the sole responsibility of the investor anddo involve a commitment or obligation for XXXXXXXX Group regarding the effectivenessof same, since it’s subject to changes that are characteristic of the industry. XXXXXInvestment Group does not accept any obligation to update or correct the informationcontained in this presentation.NOTICE: The following presentation contains copyrighted materials used under the Multimedia Guidelines and Fair Use exemptions of U.S. Copyright law Further use is prohibited .
    • 3. AGENDA Value and Real Growth of Pension FundsINVESTMENT GROUP Pension Fund AFP’s Portfolio Distribution Portfolio Composition - Investment Options Regulatory Framework – Pension Reforms Summary – Development Opportunities Q & A Annex
    • 4. VALUE AND REAL GROWTH OF PENSION FUNDSPension Funds .. U$3Tr by 2020 Source : Strategic InsightWhere’s the money & How much money?16 Pension Funds (Afores)120 Bn AUMBegan making PE/VC Commitments> 10 Pension Funds311 Bn AUM4 Pension Funds28 Bn AUMColombia 6 Pension Funds66Bn AUMChile 6 Pension Funds155Bn AUM
    • 5. VALUE AND REAL GROWTH OF PENSION FUNDSBackground - Snapshot
    • 6. PENSION FUND AFP’sThe 6 AFP’s - administradoras de fondos de pensionesLargest localInstitutional Investors>154BN in assetsProvida AUM nearly25% of total PensionFund AUM
    • 7. PENSION COMPOSITIONMulti Funds Intro 2000/02Fund B andFund C > 75%of totalcontributorsRiskier Fund A & BYoungerContributorsNo select =Fund B,C,Dacc. to age
    • 8. PENSION COMPOSITIONRiskEquityInvestmentMulti Funds Equity & Fixed Income
    • 9. PENSION COMPOSITIONRiskForeignInvestmentMulti Funds Investment Abroad
    • 10. PENSION COMPOSITIONAggregate Portfolio
    • 11. NEXT SESSION STARTS IN 2 MINUTESEND OF
    • 12. VALUE AND REAL GROWTH OF PENSION FUNDSBackground - Snapshot
    • 13. PENSION FUND AFP’SThe 6 AFP’s - administradoras de fondos de pensiones0200040006000800010000120001400016000Porvinir Proteccion BBVAHorizonteING Colfondos Skandia1584614,5139,0276,6348,0302,837MillionsAUM October 2011PorvinirProteccionBBVA HorizonteINGColfondosSkandia
    • 14. PENSION FUND AFP’S – 4 INVESTMENT OPTIONSMulti Funds – Distribution by Fund TypeFund 2Fund 1Fund 3Pension PhaseMulti-funds widen range ofservices AFPs provide.Contributors intoModerate fund by default
    • 15. PORTFOLIO COMPOSITION MAX. LIMITSMulti Funds – New Limits by Fund TypePF Investment Limits: Conservative PF Investment Limits: Moderate PF Investment Limits: High RiskNo choice assumption:
    • 16. PORTFOLIO COMPOSITION - INVESTMENT OPTIONSMulti Funds - Analyse Allocations By Fund Type 1&PP62.1% 67.2%
    • 17. PORTFOLIO COMPOSITION - INVESTMENT OPTIONSMulti Funds - Analyse Allocations By Fund Type 2&330.7%30.9%40.7%34.7%34.7%Near the regulatory limit of 35%
    • 18. PORTFOLIO COMPOSITIONAggregate Portfolio Composition
    • 19. EQUITY ALLOCATION
    • 20. REGULATORY FRAMEWORK - Pension ReformsPromote solutions that would guarantee financial stability for AFPsPromote actuarial analyses to evaluate solvency & sustainability pension systemReform will reduce poverty, but it will increase informality (Black Market)Promote financial education and voluntary savings with tax incentivesInclude freelance employee into the pension system & Raise Retirement AgeAllow AFPs to invest in a greater variety of Assets Classes
    • 21. SUMMARY – Opportunities for developmentCOLOMBIAKEY FINDINGS Sustainable growth of countries through Investment in infrastructureprojects by pension funds. LATAM Region AUM to reach U$6 Tn 2020 Healthy appetite for Private Equity and Venture Capital firms investingin Latin America as they managed to raised a record $10.3bn in 2011 AFPs to increase local equity Investment, as a larger proportion ofcontributors will be younger and will likely move to the aggressiveportfolio. In 2011 Chile became the first South American country to begranted OECD membership.
    • 22. Q&A
    • 23. ANNEXThe Following are the six Chilean Pension Fund Contact DetailsClick on the logo to access the webpageCIO: CIO: Pres:CIO: CIO: CIO:
    • 24. ANNEXThe Following are the six Colombian Pension Funds Contact DetailsClick on the logo to access the webpageCIO:CIO:CIO:CIO:CIO CIO1568715602 15577156601539015846AUM USD$MM

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