The initiative represents one of the early steps by local managers to offer qualified investors locally domiciled vehicles with exposure to international assets.

Alpheon, Danske, DPAM, Fidelity, Global X, iShares, Sixth Street, T. Rowe Price and Wellington were the fund sponsors gaining approval for new products in November.

Latin American pension systems show sharp disparities in the Mercer–CFA Institute Global Pension Index, with Chile leading, Colombia and Peru lagging, and Argentina at the bottom

With new regulations, stronger investor protection, and rising demand for independent advice, the role of financial advisors in the Chilean market is likely to deepen in the coming years.

The investment firm, which manages and advises more than USD 21 billion, strengthens its distribution structure with the appointment of the executive, who will lead commercial initiatives for Argentina and Uruguay.