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《巴黎銀行-新興市場(chǎng)-投資策略-哥倫比亞監(jiān)測(cè)：AFP的持股大幅增加-2019070.pdf》由會(huì)員上傳分享，免費(fèi)在線閱讀，更多相關(guān)內(nèi)容在行業(yè)資料-天天文庫(kù)。
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2、EM03July2019EMSTRATEGYColombiaMonitor:AFP’sequityholdingsincreaseconsiderablyTable1andFig.1-3:BreakdownofpublicdebtKEYMESSAGESCOP(trn)May-19m/my/yApr-19May-18Colombia’stotalpublicdebtincreasedby1.9%inDomesticPublicDebt314.11.9%12.3%308.3279.8MaytoCOP314
3、.1trn(USD92.9bn)fromPensionFunds89.61.8%22.7%88.173.1COP308.3trninMay,accordingtotheMinistryofNon-residents78.70.4%7.9%78.472.9Finance.PublicSector67.31.8%3.9%66.264.8CommercialBanks48.52.9%13.9%47.142.6Debtholdingsofnon-residentsrepresented44.8%Others30.05.3
4、%13.5%28.526.4ofinternationalreservesduringthemonth,downNon-residents%ofIntl.Reserves44.8%-5.4%-8.2%50.2%53.0%8.2ppfromthecorrespondingperiodlastyear.Meanwhile,AUMoflocalpensionfundsincreasedHoldingsasa%oftotaldebt30%by1.5%m/mand10.4%y/yinApril,accordingto28.
5、5%SuperintendenciaFinancieradeColombia’slatest25.0%report.23%21.4%TotalequityholdingshaveincreasedtoCOP124.1trn(USD39.9)thisyear,representinga15%15.4%14.4%YTDgrowthofUSD5bn.9.5%8%BreakingupAUMvariationsintoflowsandNon-residentsPensionFundsCommercialBanksPubli
6、cSectorperformancecomponents0%OthersColombia’stotalpublicdebtincreasedby1.9%inMayto2013201420152016201720182019COP314.1trn(USD92.9bn)fromCOP308.3trninMay,Non-residentsholdingsoflocaldebtaccordingtotheMinistryofFinance.Theshareofnon-Non-residentsholdingsasa%of
7、totaldebt(RHS)residentsinthecountry'spublicdebt,meanwhile,7526%increasedinabsolutetermsbyamarginal0.4%m/mtoCOP78.7trn(USD23.3bn).5820%PublicdebtholdingsofforeigninvestorscontinuedtoshowOPtrnadeclineinrelativetermsinMayaspensionfundshaveC4014%increasinglyraise
8、dtheirparticipationinpublicdebt–by1.8%(USD0.4bn)m/mand22.7%y/y(USD4.9bn).See238%Fig.1.52%Duringthemonth,debtholdingsofnon-residents2013201420152016201720182019represented44.8%ofinternationalreserves,down8.2ppfromthecorrespondingperiodlastyear.Non-residentsmon
9、thlychange(COPtrn)3monthsmovingaverageThematuritiesinColombia’snominalratesmarketarewell-4.5distributedoverthenextfewyears,withthebiggestmaturitiesintermsofsizebeingthe2022,2025and20263.0
