Chilean pension funds grow in July, but down for the year

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CHILE - Assets in Chilean pension funds grew in the month of July to US$102bn, but remain at a lower level than one year earlier, according to data from Superintendencia de Pensiones, the national pension watchdog.

Assets grew 2% for the month, but remain lower than the $103.5bn in assets the funds posted on July 31, 2008. The pension schemes are divided into five funds that carry different levels of risk ...

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