Chile’s five private pension fund managers’ (AFPs) heightened exposure to stocks in January made them exceed their variable investment caps in the A, B and C multifunds, which limits the selective stock index IPSA’s upside potential, local brokerage BCI Corredores de Bolsa said in a research note.
AFPs continued to increase their exposure to local stocks [...]
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AFPs’ hunger for stocks limits stock index IPSA’s upside – BCI
February 11th, 2010 
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