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Article: Profitability of pension fund managers.
- Article from:
- South American Business Information
- Article date:
- February 7, 2003
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Argentina, Feb 6, 2003 (El Cronista/SABI via COMTEX)
Stimulated by the conversion into Pesos of the bonds in their portfolios, the profitability of the funds managed by AFJPs (pension fund managers) reached an average of 85% in the year completed in December 2002. In real terms, the profitability adjusted by the consumer price index reached an average of 31%. However, measured in dollars, funds fell by almost half. The historic annualized profitability was of 15.1%, while in real terms ...