CHILE - Chile's private pension funds, the country's biggest stock investors, probably will continue selling local equities after a region-beating rally took their holdings to maximum-allowed levels, Banco Santander SA wrote.
The funds, known as AFPs, divested US$40.7m in Chilean equities such as Enersis SA and its electricity generation unit Empresa Nacional de Electricidad SA in January after selling $821m last year, ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date