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18:17 Peru-based AFPs invest over US$3.5bln in infrastructure
 
Lima, Dec. 27 (ANDINA). Private pension fund managers (AFPs) in Peru said their investment in infrastructure currently accounts for over 11 percent of their portfolios, which equates to more than US$ 3.5 billion.
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The head of Peru's pension fund association, Luis Valdivieso. Photo: ANDINA/Gustavo Sánchez

"We are talking about US$ 3.5 billion of investment in infrastructure and housing," said Luis Valdivieso, president of the Association of Pension Fund Managers (AAFP).

He stated that the AFPs raise about US$ 320 million monthly in contributions and profits, in other words, more than US$ 3 billion a year.

Valdivieso also found it necessary to raise the limit on investments abroad so AFPs can have more investment alternatives.

The limit on an AFP's investments abroad currently stands at 30 percent, with the legal limit at 50 percent.

(END) JJN/AQR/LOG/EEP

Date: 27/12/2012
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