Latin American pension funds are expected to double their allocation to international and U.S.-based funds over the next five years, according to an analysis from Cerulli Associates.
So-called cross-border allocations from Latin American pension and mutual funds will exceed $350 billion by 2018, the Boston-based research firm projected.
That should be welcome news to U.S.-based fund companies that have been seeking to expand their business in Latin American markets, which tend to be restrictive when it comes to giving their plan participants access to U.S. equities.
Also read: International pension plans on the rise
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
