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Lower House Approves Third Pension Withdrawal

CHILE
  • A new recommendation from FyF may have added a tailwind to local assets The advisory group shifted its recommendation from 50% fund A / 50% Fund C to 80% Fund C and 20% Fund E. This change favours investments in local fixed income.
    • For reference on the 2nd March the company announced it will cease operations by Aug. 31 at the latest, according to a statement on its verified Facebook page, following new government restrictive legislation.
  • Chile's lower house approved a bill allowing a third round of pension fund withdrawals.
    • The Bill will now head to the Senate and then is likely to be challenged by the President.
  • Chile will present new evidence showing how the Sinovac Biotech Ltd.'s vaccine protects against Covid-19 after wide use in its population.

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