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Chile Pension Fund Assets Gain 11% in April to $157 Billion

Chilean pension funds had a total $157 billion in assets under management as of April 30, 2011, an 11 percent increase from a year ago, Chilean pension fund regulator Superintendencia de Pensiones said in a statement posted on its website.

The pension funds, known locally as AFPs, had $70 billion invested outside of the country, a 5.7 percent advance from a year earlier, and $23.1 billion in local shares, 19 percent more than in April 2010, the regulator said.

To contact the reporter on this story: Eduardo Thomson in Santiago at ethomson1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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