Peru to raise limit on pension fund investment abroad

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PERU - Peru's central bank will probably raise the limit on how much private pension funds can invest abroad to 30% from 28% "very soon," said Alejandro Perez-Reyes, investment manager at Peru's second- largest private pension fund AFP Prima.

Pension funds may also ask Congress to change a law that set the 30% ceiling, Perez-Reyes told reporters in Lima today. The bank today said it increased the limit to 28% from 26% previously, enabli...

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