The risk of renewed herding in Chile’s generational funds

AFPs are calling for wider deviation bands and greater flexibility in the selection of benchmarks to ensure that performance incentives do not ultimately push managers toward overly similar investment strategies.

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AFPs’ cross-border real-estate and infrastructure investment will not count against equity quotas

The Pension Superintendent said cross-border real-estate and infrastructure products will be classified as fixed-income investments, which should make them more attractive for AFPs.

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