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Multi-asset allocation funds delivered returns between 3.3% and 24.6% last year. Investors increased allocations to these products amid challenging market conditions.

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Aval Fiduciaria, a subsidiary of Grupo Aval, and BlackRock have launched a new Collective Investment Fund (FIC) allowing Colombians to access global markets from $1 million via ETFs listed on the Colombia Stock Exchange. The product aims to boost fund participation, currently at just 5% of the population. It features a fully digital onboarding process completed in under five minutes.

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