Funds 'cause stock market stagnation'

clock •

CARIBBEAN - Pension funds reducing their equity holding have contributed to a stagnation of stock markets in Trinidad and Tobago, Jamaica and Barbados, said Ewart Williams, governor of the Central Bank of Trinidad and Tobago.

“Stocks sell-off by pension funds undoubtedly contributed to the decline in stock prices,” declared Williams. “From January 2005 to September 2006 net sales by pension funds amounted to about US$70...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Central & South America

Central & South America

ING sells LatAm business for €2.7bn

LATIN AMERICA - Dutch firm ING Groep has agreed to sell its Latin America pension and life insurance business for €2.7bn ($4bn) to Colombian firm Grupo de Inversiones Suramericana (GRUPOSURA).

Raquel Pichardo-Allison
clock 26 July 2011 •
Central & South America

Puerto Rico credit rating may be cut over pensions

PUERTO RICO - Puerto Rico's A3 general-obligation debt rating is under review for a possible downgrade because of pension strains, Moody's Investors Service said.

Alison Vekshin and Simone Baribeau at Bloomberg News
clock 04 May 2011 •
Central & South America

LatAm assets to hit $1.4trn

LATIN AMERICA - Assets in Latin American pension and mutual funds will hit $1.4trn over the next five years, with Chile emerging as the most attractive market for asset managers, a new report shows.

Raquel Pichardo-Allison
clock 02 May 2011 •
Trustpilot