July 30, 2018 / 12:48 AM / 4 months ago

Peru central bank raising foreign investment ceiling for pension funds

LIMA, July 29 (Reuters) - Peru’s central bank will raise the foreign investment limit for the country’s privately managed pension funds to 49.5 percent in August and 50 percent in September, from 49 percent now, the bank said in a statement on Sunday.

The change aims to diversify the pension funds’ investments and will allow them to invest $480 million more in instruments on global markets, the bank added.

Reporting by Mitra Taj; Editing by Peter Cooney

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below