Diario Oficial de la República de Chile · 29 Aug 2026 · 4 vistas
Risk Commission approves foreign funds for pensions
Por FactBox Admin
The Risk Classification Commission approved, in its 529th ordinary meeting, a new agreement regarding public and private offering financial instruments that expands the catalog of foreign assets in which Pension Fund resources may be invested. The decision was published in the Official Gazette of the Republic of Chile, No. 44,537, on Saturday, August 29, 2026, pages 1 and 2, under the official reference CVE 2864292.
The agreement is issued within the framework of Title XI of Decree Law No. 3,500 of 1980, which regulates the investment of pension funds, and complements Agreements No. 31 and No. 32 of the Commission itself, regarding the approval procedures for shares of national investment and mutual funds and foreign instruments representing capital. The text was signed in Santiago on August 27, 2026, by secretary Alejandro Muñoz Valdés.
National Issuers
In the local sphere, the Commission disapproved the shares of an investment fund that will be absorbed and took note of a name change:
- MBI Arbitrage Fondo de Inversión: shares disapproved due to absorption.
- Fondo Mutuo ETF IT NOW S&P IPSA: changes its name to Fondo Mutuo ETF IT Now Acciones Chile.
Foreign Mutual Funds and ETFs
The Commission approved the shares of eleven mutual funds registered abroad, including Amundi Funds - Latin America Equity (Luxembourg), Artemis Global Income Fund (United Kingdom), Eurizon Fund - Bond Euro High Yield (Luxembourg), and LarrainVial Asset Management SICAV - Gavekal Latam Local Currency Debt Fund (Luxembourg).
It also authorized ten securities representing financial indices (ETFs), including:
- Amundi MSCI EM Latin America (Luxembourg).
- Columbia Research Enhanced Value ETF (United States).
- Invesco Semiconductors ETF (United States).
- Robeco 3D EM Equity UCITS ETF (Ireland).
- VanEck Quantum Computing UCITS ETF (Ireland).
- VanEck Uranium and Nuclear Technologies UCITS ETF (Ireland).
Private Equity and Validity
Regarding alternative assets, investment vehicles and private equity co-investment operations managed by Alpine Investors, J.F. Lehman & Company, and Kline Hill Partners were approved. The Commission also took note of name changes for various foreign issuers, listed on its website www.ccr.cl.
In all unmodified aspects, the agreement adopted in the 528th ordinary meeting, held on July 30, 2026, and published in the Official Gazette on August 1, 2026, remains in effect. The new agreement must be considered to determine the diversification of Pension Fund investments in accordance with DL No. 3,500 of 1980.
The expansion of the universe of authorized foreign instruments—from mutual funds and ETFs to private equity—diversifies the portfolio in which the affiliates’ pension savings are invested, with a direct impact on the profitability and risk of their individual accounts.
Source: Official Gazette of the Republic of Chile, No. 44,537, Saturday, August 29, 2026, Section I (General Norms), pp. 1-2 (official reference: CVE 2864292).