AFP: Affiliate funds fell by 236 million soles in the first half | Economy

The pension contributions of the administrators of private pension funds (AFP) decreased by 236 million soles in the first six months of this 2018 as reported by the Superintendency of Banks, Insurance and AFP (SBS) in Andina

The pension fund rose from 154 887 million 435 987 soles (29 December 2017) to 154 650 million 573 175 (29 June). On average, AFP funds recorded an average loss of 0.77% during the first half of 2018.

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Fondo 1 reported a 0.38% decline, Fondo 2 declined 0.66% and Fondo 3 decreased 1.28% in the first half of 2018. In turn, Julio Velarde, president of Central Reserve Bank (BCR)), said the interim funds of the AFP have had negative results so far this year, due to the decline that the Peruvian and American scholarships present.

companies) fell not only in the Peru but also in the United States and this determined that the (private) pension funds are falling, especially funds 2 and 3 which are more exposed to these actions, "he said.