Chile Pension Funds’ AUM Rising

Chile’s pension funds’ assets under management (AUM) increased 3.7% to $82.2bn in March, compared with February figures, according to Celfin Capital. Although pension funds’ AUM have been increasing every month since October, they are still far from the record breaking $121.5bn seen in March 2008, says equities analyst Cesar Perez. He adds that Chilean pension funds remain risk-averse and have been reducing exposure to local equity. In March, pension funds had $13.2bn invested in local equities, down from $22.2bn in March 2008. Last month pension funds sold $36.8m in local equity.