Ecuador pension fund cutting public bonds on risk, Serrano says

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ECUADOR - Ecuador's public pension fund, the nation's biggest institutional investor, will reduce its portfolio risk by limiting government debt purchases and boosting corporate and home lending, a board member said.

The Banco del Instituto Ecuatoriano de Seguridad Social also plans this year to start issuing personal credit cards and begin offering tax-deferred retirement savings plans, Omar Serrano, the repre...

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