PlanVital CEO defends Fund E's long durations and use of rate swaps

FinanceInternationalLa TerceraOct 24, 2026, 5:00 AM35 s readAI summary

José Joaquín Prat, CEO of PlanVital, defended in an interview the investment decisions of the AFP system's Fund E, which fell 4.92% in September and is down 10.39% so far this year in real terms. Prat said the long durations and use of rate swaps aim to match the pension liability and are not a risk bet. Chile's Pensions Superintendency opened a sanctioning process against all seven AFPs in the system.

In 35 seconds

Fund E fell 4.92% in September and is down 10.39% so far this year in real terms.
Prat says long durations and rate swaps aim to protect the pension and reduce mismatch risk.
The Pensions Superintendency opened a sanctioning process against all seven AFPs over their investment decisions.

Read the full story at La Tercera

IASummary generated by artificial intelligence from a story by La Tercera. It may contain errors: the original source prevails.

pensiones
AFP
Chile
Fondo E
swaps

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PlanVital CEO defends Fund E's long durations and use of rate swaps

In 35 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

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