Business Services Industry
Top pension funds: ranked by assets under management as of December 31, 2004
Latin Trade, Sept, 2005
Top Pension Funds
Ranked by assets under management as of December 31, 2004
RANK AFPS COUNTRY
1 Previ Brazil
2 Provida Chile
3 Habitat Chile
4 Cuprum Chile
5 Banamex Mexico
6 Petros Brazil
7 Bancomer Mexico
8 Santa Maria Chile
9 Summa Bansander Chile
10 Funcef Brazil
11 Sistel Brazil
12 Profuturo GNP Mexico
13 ING Mexico
14 Origenes Argentina
15 Santander Mexicano Mexico
16 Fundacao CESP Brazil
17 Consolidar Argentina
18 Inbursa Mexico
19 Porvenir Colombia
20 Siembra Argentina
21 Banorte Generali Mexico
22 Proteccion Colombia
23 XXI Mexico
24 Planvital Chile
25 Integra Peru
26 Maxima Argentina
27 Centrus Brazil
28 Valia Brazil
29 Itaubanco Brazil
30 Union Vida Peru
31 Nacion Argentina
32 Horizonte Peru
33 Horizonte Colombia
34 Principal Mexico
35 Colfondos Colombia
36 Forluz Brazil
37 HSBC Mexico
38 Arauca Bit Argentina
39 Santander Colombia
40 Real Grandeza Brazil
41 Profuturo Peru
42 Banesprev Brazil
43 Fapes Brazil
44 Confia El Salvador
45 Crecer El Salvador
46 Fundacao Copel Brazil
47 Telos Brazil
48 Republica Uruguay
49 BBVA Prevision Bolivia
50 Postalis Brazil
51 HSBC Fundo de Pensao Brazil
52 Futuro de Bolivia Bolivia
53 Fundacao Refer Brazil
54 Eletroceee Brazil
55 MET Argentina
56 Funbep Brazil
57 CX Usiminas Brazil
58 IBM Brazil
59 Economus Brazil
60 Eletros Brazil
61 Capef Brazil
62 Fachesf Brazil
63 CBS Brazil
64 Serpros Brazil
65 Ceres Brazil
66 Aerus Brazil
67 PSS Brazil
68 Previsol Argentina
69 Fusesc Brazil
70 Prorenta Argentina
71 Skandia Colombia
72 Elos Brazil
73 Attilio Fontana Brazil
74 Bandeprev Brazil
75 Volkswagen Brazil
76 Citiprevi Brazil
77 Geap Brazil
78 Fibra Brazil
79 Celos Brazil
80 Femco Brazil
81 Fundacao Banrisul Brazil
82 Fundacao Itausa Brazil
83 Unileverprev Brazil
84 Afinidad Uruguay
85 Braslight Brazil
86 Union Capital Uruguay
87 Instituto Ambev Brazil
88 Acos Brazil
89 Previminas Brazil
90 Previrb Brazil
91 Sabesprev Brazil
92 Funssest Brazil
93 Faelba Brazil
94 Azteca Mexico
95 Prece Brazil
96 Infraprev Brazil
97 Fundacao Brtprev Brazil
98 BB Previdencia Brazil
99 Futura Argentina
100 Previnorte Brazil
ASSETS AFFILIATES
US$ % US$ %
millions change millions change
RANK AFPS 2004 '04/'03 2004 '04/'03
1 Previ 26,540.4 32.6 78.0 4.5
2 Provida 19,050.7 22.1 2,936.3 0.2
3 Habitat 14,438.5 21.9 1,716.7 3.9
4 Cuprum 10,127.3 29.1 465.5 2.2
5 Banamex 9,492.7 15.1 5,822.2 3.7
6 Petros 9,428.8 24.7 39.2 0.7
7 Bancomer 8,780.6 15.8 4,324.3 -0.1
8 Santa Maria 7,422.1 19.4 974.4 -1.8
9 Summa Bansander 6,991.7 25.0 579.8 7.7
10 Funcef 6,791.5 31.4 49.3 0.0
11 Sistel 4,561.6 20.5 29.9 -1.0
12 Profuturo GNP 4,419.9 18.7 3,361.5 7.6
13 ING 4,124.7 25.5 2,626.5 -2.4
14 Origenes 3,704.3 6.8 2,316.0 -0.1
15 Santander Mexicano 3,612.3 15.9 3,176.2 -2.1
16 Fundacao CESP 3,596.1 28.6 18.6 -3.1
17 Consolidar 3,511.4 9.5 1,535.1 1.2
18 Inbursa 3,488.5 32.3 2,510.9 18.4
19 Porvenir 2,999.3 49.8 1,485.0 13.2
20 Siembra 2,834.4 9.2 1,361.7 1.6
21 Banorte Generali 2,791.6 26.8 2,901.6 4.2
22 Proteccion 2,662.1 54.8 1,215.3 15.6
23 XXI 2,653.9 12.6 2,212.9 -0.3
24 Planvital 2,504.2 17.7 408.0 -0.6
25 Integra 2,474.6 22.4 873.5 6.2
26 Maxima 2,433.4 3.3 1,324.6 -1.9
27 Centrus 2,340.9 31.3 0.1 5.8
28 Valia 2,319.4 28.1 30.3 7.7
29 Itaubanco 2,269.0 28.3 31.6 -5.0
30 Union Vida 2,151.9 24.0 812.9 5.7
31 Nacion 2,077.3 67.2 895.3 10.4
32 Horizonte 2,013.1 24.4 893.1 6.5
33 Horizonte 2,005.9 49.3 1,173.6 7.8
34 Principal 1,875.1 22.8 3,227.8 0.5
35 Colfondos 1,690.4 50.3 893.1 8.4
36 Forluz 1,587.1 30.8 10.7 -5.3
37 HSBC 1,548.6 43.3 1,431.8 16.5
38 Arauca Bit 1,482.6 22.4 816.7 29.1
39 Santander 1,353.0 48.9 936.2 4.2
40 Real Grandeza 1,272.7 20.7 4.4 0.0
41 Profuturo 1,254.3 26.2 817.5 7.2
42 Banesprev 1,249.3 29.5 10.7 -10.5
43 Fapes 1,152.1 32.5 2.0 8.9
44 Confia 1,119.4 35.8 531.3 12.1
45 Crecer 1,029.0 37.6 635.3 5.8
46 Fundacao Copel 987.2 32.8 7.4 8.0
47 Telos 979.4 28.7 8.0 3.6
48 Republica 948.8 35.6 249.2 3.2
49 BBVA Prevision 894.8 15.1 473.4 5.0
50 Postalis 848.7 32.9 100.5 5.3
51 HSBC Fundo de Pensao 846.6 25.5 43.2 0.0
52 Futuro de Bolivia 821.3 14.8 404.9 2.4
53 Fundacao Refer 771.8 16.1 6.9 -2.9
54 Eletroceee 768.1 27.9 6.7 1.2
55 MET 725.7 28.2 278.6 42.3
56 Funbep 706.0 29.1 2.6 -15.5
57 CX Usiminas 701.0 50.0 14.5 6.3
58 IBM 691.4 30.1 4.8 13.8
59 Economus 682.7 27.9 12.3 -9.3
60 Eletros 568.8 30.0 2.0 4.0
61 Capef 543.5 16.5 2.8 -4.4
62 Fachesf 515.5 38.7 5.5 0.0
63 CBS 505.6 30.1 7.4 -1.2
64 Serpros 499.7 53.7 7.6 3.8
65 Ceres 498.6 31.3 8.9 -0.8
66 Aerus 496.1 15.6 27.6 -4.8
67 PSS 488.8 20.7 10.5 18.3
68 Previsol 426.5 13.7 328.2 2.3
69 Fusesc 413.2 22.6 3.5 6.8
70 Prorenta 389.5 12.0 442.1 1.3
71 Skandia 364.7 63.8 44.3 12.8
72 Elos 347.3 33.2 2.0 0.0
73 Attilio Fontana 346.9 30.6 20.8 -11.5
74 Bandeprev 344.1 21.3 0.5 -9.5
75 Volkswagen 334.7 22.8 30.5 3.9
76 Citiprevi 334.1 27.4 11.4 -3.2
77 Geap 333.9 32.6 78.1 -5.1
78 Fibra 330.1 29.3 1.5 -0.1
79 Celos 321.4 31.7 4.2 0.5
80 Femco 318.2 19.1 5.9 1.7
81 Fundacao Banrisul 316.7 29.5 8.1 -0.4
82 Fundacao Itausa 315.9 129.8 9.3 113.5
83 Unileverprev 313.0 30.7 13.0 -4.4
84 Afinidad 299.3 37.3 190.6 1.9
85 Braslight 293.2 25.0 3.8 0.8
86 Union Capital 289.6 37.5 127.8 5.6
87 Instituto Ambev 289.4 33.5 2.9 -1.9
88 Acos 281.2 25.4 4.4 5.3
89 Previminas 278.1 25.9 22.8 3.3
90 Previrb 276.5 25.1 0.6 12.9
91 Sabesprev 268.7 30.4 17.9 -3.2
92 Funssest 268.1 30.4 4.2 4.7
93 Faelba 262.2 26.1 3.2 0.0
94 Azteca 249.2 295.1 822.0 84.0
95 Prece 245.5 27.9 6.5 -4.0
96 Infraprev 244.1 29.0 8.3 6.2
97 Fundacao Brtprev 233.0 -- 1.9 --
98 BB Previdencia 229.3 56.4 38.7 18.9
99 Futura 226.3 10.2 158.7 -2.9
100 Previnorte 221.8 37.7 2.9 1.1
SOURCE: Abrapp, Pension funds regulators of Argentina, Bolivia, Chile,
Dominican Republic, El Salvador, Peru and Uruguay, Consar, Banking
Superintendency of Colombia, LATIN TRADE
COPYRIGHT 2005 Freedom Magazines, Inc.
COPYRIGHT 2005 Gale Group
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