Macroeconomy/Finance

Pension funds increase portfolios by 11.6% to $19.1bn

As of December 31, 2019, the portfolio of pension funds (AFP) increased by 11.56% compared to December 2018 as a result of investments in the financial system. AFP Prevision forecast yield rose from 1.59% to 4.87% and AFP Futuro yield increased from 1.73% to 4.71%. The value of the funds in both firms adds $19.1 billion. The number of Individual Capitalization Fund affiliates in 2019 increased by 3.74% to 2.3 million beneficiaries.

Source: El Deber