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    BBVA Research Publications

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    December 20, 2010

    Simulaciones de rentabilidades de largo plazo y tasas de reemplazo en el sistema de pensiones de Colombia

    El presente estudio es un ejercicio teórico para Colombia que tiene como objetivo simular diferentes escenarios bajo un esquema hipotético de multifondos, como funcionan actualmente en Chile, México y Perú.

    October 15, 2010

    Multifondos en el sistema de pensiones en Chile

    El presente trabajo describe la evolución del esquema de multifondos en Chile, así como sus principales características y resultados.

    October 14, 2010

    Multi-funds in the Chilean Pension System

    This work describes the development of the multi-fund scheme in Chile, as well as its key features and results. It includes simulation exercises designed to model the returns and volatilities of the different types of Chilean pension funds over a 50-year horizon.

    June 20, 2010

    Return Simulations in the Private Pensions Industry in Peru

    This document contains a series of simulation exercises aimed at modeling returns in the private pension funds industry in Peru over the next 50 years.

    April 10, 2008

    Algunos puntos de reflexión para la implementación de los multifondos en Colombia

    Multifondos contribuirán a mejorar la rentabilidad y son un paso en la solución a las ineficiencias del sistema pensional colombiano