Chile’s Outward Investment Up 68%

Chilean investment abroad rose 68% in the first half of this year compared with the same period in 2005. Most of the $4 billion invested outside Chile was made by financial sector companies – including insurance, real estate and services ($3.1 billion), followed by mining ($437 million), trade ($203 million), utilities ($169 million), industry ($97 million) and construction ($33 million). The top destination for investors is the United States ($3.5 billion), the United Kingdom ($345 million) and Germany ($82 million).