Chile second pillar down in May


CHILE - Volatile markets impacted the profitability of four out the five second pillar pension funds, which posted negative results for the month of May, data from regulator Superintendencia de Pensiones revealed.

Fund A - the most risky one - lost 6.3%. Fund B was down 4.4%; C, 2.7% and D, 1.53%. Fund E, the most conservative one, posted a 0.7% return. Superintendencia said funds A through D incurred los...

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