Peru pension funds to cut local stocks, Profuturo CEO predicts

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PERU - Peru's pension funds will cut local stock holdings to buy Chilean and Colombian shares as exchanges in the three nations move toward integration, said Mariano Paz Soldan, chief executive officer of pension fund Profuturo AFP.

Peru's four pension funds, which manage $30bn, own 10.6% of the shares listed on the Lima Stock Exchange, according to the Andean country's banking regulator. The funds have invested 27% of thei...

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