Despite the uncertain situation caused by the coronavirus pandemic (COVID-19), AFAP SURA has reported that pension funds have recovered their yields, to the point of surpassing the profitability seen before the worldwide spread of the virus.
In a continued effort to provide clients with the latest regional socio-political changes that affect financial markets, SURA Inversiones held the fourth event of their online seminar cycle, “Argentina: Current Affairs and Crisis”, reviewing the challenges facing the neighboring country as it deals with the coronavirus pandemic (COVID-19).
• As it may seem paradoxical, in times like these, Colombians and their families are more willing to save now than before the pandemic. • At a time when social isolation is essential for self-care, Proteccion presents a new 100% online savings solution. • Simulating savings, setting a goal and a time frame and starting to save according to each individual’s needs may be possible from COP20K per month and following three steps only.
• This investment solution, to which a total of USD 200 million has already been allocated, is to be deployed in both Colombia and Peru. • SURA Investment Management continues to support the region’s economic recovery and reactivation with its different initiatives.
• Convinced of the need to build Possible Futures together, SURA Asset Management and Proteccion, with the help of Créame and Finaktiva, have drawn up a new support plan aimed at driving the revival of the country’s economy and more particularly preserving jobs. • As part of this plan, that represents almost COP 1,800 million in support for small businesses, SURA Asset Management has formed an alliance to which Proteccion has joined up bringing to bear its institutional support.
As of July 1, the U.S. Shares and International Shares portfolios, of the Protection’s Voluntary Pensions Fund are transformed to invest primarily in assets involving environmental, social and corporate governance principles.
• The start-up of this new firm is subject to obtaining due authorization from the respective authorities in both Colombia and Luxembourg. • The Company is gradually becoming a major player within its respective industry, since it is one of the few Latin American Asset Managers that has been granted this type of license.
• This equity fund, worth USD 86.5 million, shall be specifically focused on the Pacific Alliance countries, namely Colombia, Peru, Chile and Mexico. • The main infrastructure sub-sectors on which the fund shall be focusing on have to do with the main Transport sector, that is to say ports, airports, roads, transport systems and both self-generated and renewable energy.
• At its Shareholders' meeting, AFP Capital's Board proposed to decrease dividends and pay the 30% legal minimum, which implies a 45% reduction in the annual dividends to be distributed.
At the Ordinary Shareholders' Meeting held today, and given the situation of uncertainty derived from the Covid-19 pandemic, AFP Capital approved to pay shareholders the legal minimum of 30% out of the liquid profits obtained in 2019.