As per pension fund regulator, Chilean pension funds saw a 11% increase in assets under management as of June 30, 2011, as compared to 2010, Bloomberg reports. The funds’ assets increased to $153 billion, said Superintendencia de Pensiones.

The pension funds, known locally as AFPs, invested $66.1 billion outside the country, a 6.7% increase from the previous year. The funds had $22.8 billion invested in local shares, 13% more than in June 2010.

Click here for the story from Bloomberg.

Click here for additional coverage from Capital.gr.