01 December 2008

Chile Advisers Recommend Change in Sovereign Fund Investments

By Nathan Gill
     Dec. 1 (Bloomberg) -- A Chilean financial committee that advises Finance Minister Andres Velasco recommended the government revise investment policies for its sovereign wealth fund.
     Chile’s government should postpone implementation of policies that would use 15 percent of accumulated reserves to purchase stocks and 20 percent to buy corporate bonds because of volatility in the international economy, the committee said today in an e-mailed statement.