CHILE - Assets in Chilean pension funds grew in the month of July to US$102bn, but remain at a lower level than one year earlier, according to data from Superintendencia de Pensiones, the national pension watchdog.
Assets grew 2% for the month, but remain lower than the $103.5bn in assets the funds posted on July 31, 2008.
The pension schemes are divided into five funds that carry different levels of risk with type A being the most risky and type E the least.
Funds A, B, C, and D returned 6.47%, 4.9%, 3.45% and 2.24%, respectively, in the month of July. The funds' investments in international equity mainly drove returns. Exposure to overseas equities range from 55.6% for the riskiest fund to 9.8% for fund D. Fund type E returned 0.92% for the month.
In the year ended July 31, fund type A returned 7.88%, the strongest return of all the funds, while type E, the weakest, returned 3.49%.
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