Chile Pension Fund Assets Gain 11% in June to $153 Billion

Chilean pension funds had a total $153 billion in assets under management as of June 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 $66.1 billion invested outside the country, a 6.7 percent advance from a year earlier, and $22.8 billion in local shares, 13 percent more than in June 2010, the regulator said.

Funds managed by the pension funds posted negative returns in June mostly due to the decline in value of local stocks, the regulator said in the statement.

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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