Room to Expand

Room to Expand

Peru Funds

by Lucien Chauvin Assets under management in the Peruvian pension system have almost doubled in the last three years and could increase by another 67% over the next two years as the middle class swells on the back of the country’s recent economic boom and fears over newly elected President Ollanta Humala start to fade. But with limited investment options at home, fund managers are placing their hopes on infrastructure investments, the new integrated Andean equity market (MILA) and regulatory changes that allow them to buy more foreign assets. Shopping centers are not typically associated with retirement plans, but Peru’s fast growing retail sector is one of the best signs for

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