Pension assets rise 25% in 12 months through October
Bnamericas Published: Wednesday, November 07, 2012
Uruguay's four private pension fund managers (the AFAPs) saw assets under management hit 192bn pesos (US$9.77bn) as of October 31, up 25% compared to the same time in 2011. State-owned República AFAP remained the largest player, managing 56.6% of total assets at the end of October. AFAP Sura, owned by Colombia's Grupo Sura, came in second with 18.1%. The AFAPs posted an average annual gross return on their funds of 3.07% in the 12 months through October, according to figures from the central bank.
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