Chile Pension Reserve Fund
|Chile||US$ 7.0 Billion|
Transparency Rating: 10
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Firm Investment Style: Index
Entity Structure: Fund
Population Est.: 17.2 million – 2013
Wealth Per Capita Est.: $407
The Pension Reserve Fund (PRF) was established on December 28, 2006 with an initial contribution of US$ 604.5 million.
It was set up in response to Chile’s new demographic scenario characterized by an increase in life expectancy and the growth of senior citizen population, adding on yet another challenge for the Government in terms of greater future retirement expenditures and the need to guarantee basic solidarity pensions to those who were not able to save enough for their retirement.
|Strategy & Objectives
*The Chilean sovereign wealth funds were historically aggregated into one profile.