Business & Finance
Chile Pension Funds Breath Sigh of Relief as Swap Losses Narrow
Key Points
Chile Pension Funds Breath Sigh of Relief as Swap Losses Narrow Chilean pension funds saw returns rebound in October as a drop in US yields narrowed losses on massive interest-rate swap positions that have sparked anger from politicians and undermined faith in the system among savers. The E fund — the more conservative one managed by the pension funds — rose 3.2% last month, paring its decline so far in 2026 to 7.6%, according to data released by the industry association. That compares with...
Chile Pension Funds Breath Sigh of Relief as Swap Losses Narrow
Chilean pension funds saw returns rebound in October as a drop in US yields narrowed losses on massive interest-rate swap positions that have sparked anger from politicians and undermined faith in the system among savers.
The E fund — the more conservative one managed by the pension funds — rose 3.2% last month, paring its decline so far in 2026 to 7.6%, according to data released by the industry association. That compares with the 4.9% decline recorded in September. The supposedly more volatile C and D funds rose 1% and 1.8%, respectively, in October.