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Losses in Fund E: AFP Defends Investment Strategy and Superintendent Is “Concerned”

Summary by La Tercera
Andrés García, investment manager at AFP Cuprum, pointed out that "even with this short-term volatility the profitability (of fund E) has been positive" in the last three years. In 2026, the fund falls 10%. "We have been on top of the issue," said Joaquín Cortez, pension manager.

4 Articles

Lean Right

The AFP Association came up with information about the expensive “bet” that the...

·Concepción, Chile
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Lean Right

Andrés García, investment manager at AFP Cuprum, pointed out that "even with this short-term volatility the profitability (of fund E) has been positive" in the last three years. In 2026, the fund falls 10%. "We have been on top of the issue," said Joaquín Cortez, pension manager.

·Las Condes, Chile
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Lean Right

The most conservative fund collapsed 10.4% between January and September.

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(360News) While the AFPs manage the forecast savings of millions of Chilean workers, the most conservative fund in the system records losses that can exceed five million pesos for a person with 50 million saved. The situation again raises a fundamental problem: why the workers' pensions [...] This entry AFP: 769 thousand Fund E affiliates lose more than 10% of their savings was published and you can see it: 360 News.

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Emol broke the news on Wednesday, October 14, 2026.
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