Retirement funds register earnings of up to 9% in April

SANTIAGO.- Retirement funds A (most risky) and B (risky) registered significant earnings during the month of April after positive returns were observed on foreign variable income investment instruments.

According to information released by the Retirement Fund Supervisor (Superintendencia de Pensiones), fund A rose 9.01%, B increased by 6.47%, fund C reported earnings of 3.97%, D registered a return of 2.31%, while the most conservative fund, E, rose by 0.7%.

The value of Retirement Funds reached a total of US$ 85.579 billion dollars by April 30, 2009. In comparison to the same date of the previous year, the value of the funds dropped by US$ 12.926 billion dollars, equivalent to -13.1%.

Earnings within the A, B, C and D retirement funds can be primarily explained by the positive return observed on foreign variable income investment instruments, which have a portfolio participation rate that varies between 52.2% of total assets in Fund A, to 8.2% in Fund D.