Latin America To Export More Pension Assets

The Latin American institutional managers now account for only $5 billion of the $40 billion in Latin American “cross-border” fund assets. The institutional managers have invested a large percentage of their assets in domestic securities. But Cerulli researchers say that approach will probably change because of Argentina’s recent default on its government debt. Argentina institutional money managers suffered, because they had invested 80% of their assets in domestic government debt, and institutional managers in other countries want to avoid similar problems, Cerulli researchers write.