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Article: Peru : Pension funds recover 2008 losses, look to infrastructure, foreign investments.
- Article from:
- TendersInfo
- Article date:
- October 29, 2009
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Byline: pinto03
Funds managed by Peru's private pension fund managers, the AFPs, have recovered the losses they suffered in 2008, government news service Andina reported the AFP association as confirming.
The country's AFP system offers three funds with different risk profiles. In 2009 thus far, fund one has recorded a return of 12.19%, fund two a return of 29.80% and fund three a 52.96% return, the paper quoted AFP Integra investment manager Gonzalo de las Casas as saying at a conference organized by the association.
Since the beginning of 2008, fund one has had a return of 7.75%, fund two a return of 5.01%, and fund three a drop of 4.69%, he ...