Pensions hit stock market

clock •

CHILE - The domestic stock market tumbled by over 3% yesterday as it was announced pension funds' international investment limits may be raised from 30% to 45% as early as July.

President Michelle Bachelet announced the plan in her state of the nation address causing the Chilean stock market's 3.4% fall, the largest since worldwide fluctuations in February. Bachelet said ...

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 Chile

Chile

Chilean pension funds hit $153bn

CHILE - Chilean pension funds reached $153bn in assets in June, up 11% from the previous year, according to data released by the pension regulator.

Raquel Pichardo-Allison
clock 12 July 2011 •
Chile

Chilean funds fall on equity returns

CHILE - Chilean pension funds reported $145bn in assets at the end of February, though most took a hit for the month because of low equity returns.

Raquel Pichardo-Allison
clock 11 March 2011 •
Chile

Chile's Pension Reserve Fund gains investment leeway

CHILE - Chile's $4bn Pension Reserve Fund has received the okay to make maiden investments in global equities and global corporate bonds, as well as in four new currencies, the Ministry of Finance said.

Raquel Pichardo-Allison
clock 18 January 2011 •
Trustpilot