Peru Proposal Will Allow Pension Funds to Invest More Abroad
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A Peruvian congressional committee approved a government proposal to increase the limit on private pension fund managers’ investments overseas.
The measure calls for raising the limit gradually to 50 percent of the funds’ assets from 30 percent now, and seeks to ease the pressure on the Peruvian economy caused by speculative capital inflows, the committee said in an e-mailed statement today. The increase will allow funds to diversify their risk, the committee said.