Chile debt drought pushes pension fund foreign assets to record levels

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CHILE - Chilean pension funds are boosting holdings of foreign bonds to record levels after a dearth of local corporate sales pushed yields to a two-year low.

Chile's six private pension funds tripled holdings of foreign fixed-income assets in the past 12 months to $20bn at the end of July, while cutting local holdings by $2.5bn, according to the industr...

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