May 28, 2018 / 10:55 PM / 5 months ago

Peru central bank to raise foreign investment limit for pension funds

LIMA, May 28 (Reuters) - Peru’s central bank will raise the foreign investment limit for the country’s privately-managed pension funds to 48.5 percent in June and to 49 percent in July from the current 48 percent, the bank said in a statement on Monday.

The change will allow the funds to invest nearly $500 million more in financial instruments on global markets, the bank added. (Reporting By Mitra Taj; Editing by Diane Craft)

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