Peru’s pension funds call for higher foreign allocations

Peru’s pension funds call for higher foreign allocations

Funds Economy & Policy Corporate & Sovereign Strategy

Two of Peru’s biggest private pension funds administrators say they must be allowed to allocate higher shares of their portfolios internationally, as growth of Peru’s capital markets struggles to keep pace with the growth of local pension funds. "Peru's markets are just too illiquid,” said Vicente Tuesta, chief investment officer at the AFP Profuturo, which manages around $10bn of assets. “The limits for international allocation really must move up to Chilean levels eventually. Managers must be

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