CHILE: Central Bank of Chile increases Chile foreign investment for pension funds

Tuesday November 9 2010

It has been reported that the Central Bank of Chile has taken a decision to increase the foreign investment limit for Chilean pension funds, up to 80% from the current 60%. The increase will take place gradually. From December 1, 2010 the limit will increase to 65%, with an increase to 70% from 1 March. This will increase to 75% from 1 June 2011, with the limit reaching 80% on 1 September 2011.