Peru PF Buys Currency, Bond Assets

Peru’s largest pension fund manager,Prima AFP, is buying currency and bond assets on a bet that prices will rebound after presidential elections,Bloombergreports. Prima sold shares and bet against the sol before the April 10 first-round vote as it expected the fall in asset values.

The pension fund has 26% of its $9.38 billion in assets in Peruvian stocks. Prima is “selectively” acquiring stocks as it expects private investment and consumer demand to keep fueling the Peruvian economy.

Click here for the story fromBloomberg.