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Provida Sheds Peru Stake Ahead of Sale

Jan 25, 2013

Chile's AFP Provida has approved the transfer its 15.87% stake in Peruvian pension fund AFP Horizonte to parent company Grupo BBVA....

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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