Chileans Invests More Money Abroad

Chilean investments abroad rose to $1.77 billion in January, a rise of 281% compared with the same month last year, according to the country’s Central Bank. The largest part of the funds invested went into finance, insurance, property and services ($1.29 billion), followed by the mining industry ($419 million), manufacturing ($35 million), trade ($29 million and utilities ($18 million). Most of the money invested went to North America ($1.48 billion), followed by Europe ($115 million), Central America ($80 million), Asia ($76 million) and South America ($18 million). Within South America, Argentina took the lion’s share, or $10 million.