Peru Pension Funds Enjoy Asset Surge

Peru Pension Funds Enjoy Asset Surge

People Corporate & Sovereign Strategy Peru Bonds Funds Equity

by Lucien ChauvinPeru’s pension funds (AFPs) managed $25.6 billion at the end of April, up from $23.9 billion at the end of 2009, according to the banking and insurance regulator (SBS). This represents a full recuperation from the lows of the global financial crisis, which helped drag private pension system assets down to $15.6 billion at end-2008.  "We recuperated and are now in a strong period of growth," says Pedro Flecha, president of the Association of Private Pension Funds (APPF). "The international crisis did not affect the financial sector here, but the crisis hurt our economy," he adds. At $25.6 billion, assets managed by Peru’s four AFPs are equivalent to

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial