INTEGRACIÓN AFAP adopts CFA Institute Asset Manager Code

12 September, 2018

New York City United States

CFA Institute, the global association of investment professionals that sets the standard for professional excellence, has added INTEGRACIÓN AFAP to the growing list of asset managers that claim compliance with its Asset Manager Code (AMC). INTEGRACIÓN AFAP is a pension fund administrator with more than 22 years providing services to its affiliates. The adoption marks an important milestone, with all pension fund managers in Uruguay having now adopted the AMC.

The AMC clearly outlines the ethical and professional responsibilities of pension funds or firms that manage assets on behalf of their clients. For investors, the code provides a benchmark for the behavior that should be expected from asset managers and offers a higher level of confidence in the firms that adopt the code.

The Asset Manager Code is grounded in the ethical principles of CFA Institute and the CFA® Program, and requires that managers commit to the following professional standards:

To act in a professional and ethical manner at all times
To act for the benefit of clients
To act with independence and objectivity
To act with skill, competence, and diligence
To communicate with clients in a timely and accurate manner
To uphold the rules governing capital markets

INTEGRACIÓN AFAP joins more than 1,400 other firms around the world claiming compliance with the Code.