Chilean pensions assets continue to lose ground

But despite gloomy economic forecasts, Chile’s insurance industry is expected to post improved results in 2009

Results from Chilean pension fund managers to February 2009 reveal that most of its members are still suffering the effects of market conditions. Total assets dropped by 18.1% over the year, ending at US$79.27bn, of which over 24% are still invested abroad (mainly in equity mutual funds).