Pension funds display mixed results in February

SANTIAGO.- Pension fund earning results were mixed in February.

Funds A (-2.68%) and B (-0.87) obtained negative earnings during the second month of the year, while funds C (0.77%), D (2.01%) and E (3.23%) reported positive revenue.

The value of the pension funds reached US$ 79.269 billion dollars on February 28th of 2009. When compared to the same date one year prior, the value of the funds dropped by US$ 17.526 billion dollars, equivalent to an 18.1% drop.

The negative earnings in funds A and B can be principally explained by the negative income on foreign variable income investment instruments, which account for 47.8% of fund A and 31.2% of fund B.

Meanwhile, the positive earnings reported in funds C, D and E for the month, were mainly due to the positive earnings gained on national fixed income investment instruments, which account for 47% of total assets in fund C, to almost 66% in fund E.