Chile is planning to expand the investment portfolio of its pension reserve fund, The Wall Street Journal reports. Chile has also added four new currencies, the Australian dollar, British pound, Swiss franc and Canadian dollar, to the number of currencies it can invest in.
The government will add two new asset classes, global shares and global corporate bonds, to the Pension Reserve Fund. The pension reserve fund can now invest 15% of its assets in global shares, 20% in global corporate bonds, 45% in global sovereign bonds, 15% in inflation-indexed bonds and 5% in monetary market instruments.
Click here for the story from The Wall Street Journal.