The Top 100 Pension Funds 2012

8B556F9B-A5C3-43D4-8921-65DE1E24E6EB

9th November 2012

Colombian pension funds gain speed. Eleven out of the top 15 funds decreased their assets under management. The number of affiliates to the pension system increased to 74.4 million. There are 60 Brazilian funds among the top 100. Mexican Principal, a growth champion.
Over the past three years Colombia has become the hotspot for pension savings in Latin America. Colombian Porvenir grew at an 18 percent compound annual rate from 2009 to 2011. That is the biggest increase among the top 15 funds, which manage 61 percent of the assets held by the 100 funds listed in this year´s Latin Business Chronicle ranking.
Mexican Sura posted a 17 percent growth rate over the period, the second highest among the top 15 group. But Sura has a Colombian connection as well. The $15.2 billion-asset fund was owned by Dutch ING until 2011, when it was bought by Colombian Grupo Sura in a $3.7 billion deal.
The third fastest growing company in this club of Latin pension heavyweights is Protección: also Colombian and also a subsidiary of the Grupo Sura. It grew at a 16 percent compound rate over the past three years.
It is easy to verify the relevance of these growth rates, as the average compound annual increase for the remaining 13 funds is slightly larger than 8 percent.
Colombian pension fund growth can be traced back to two main factors. The first, the curbing of the unemployment rate and the second, the financial returns to the assets themselves, said Luis Felipe Jiménez, Director of Economic …

Click here : Log In To Read The Full Story
Subscribe to latin trade magazine
Click here to begin a subscription for Latin Trade magazine, available both in print and online.
Subscribe to lt.com
Click here to begin an online subscription to LT.com, with its extensive ranking, indices, and market intelligence on Latin America.
Subscribe to free Newsletter
Subscribe here to our free newsletter – getting the latest business headlines from Latin America in your inbox every day.
LOGIN
FOR READ MORE LOGIN
LOGIN
LOGIN
Forgot your password
SEND
READ MORE
Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum, nec sagittis sem nibh id elit. Duis sed odio sit amet nibh vulputate cursus a sit amet mauris. Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctor a ornare odio. Sed non mauris vitae erat consequat auctor eu in elit.Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum, nec sagittis sem nibh id elit. Duis sed odio sit amet nibh vulputate cursus a sit amet mauris. Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctor a ornare odio. Sed non mauris vitae erat consequat auctor eu in elit.
Read the current issue of Latin Trade Magazine

Access Denied

Please log in or register

Read Our Latest Issue

latintrade-followus-spanish
FOLLOW US