Potenciales flujos de inversión en renta variable en Colombia dada la implementación del esquema multifondos

Abstract

This study analyzes the Multi-fund Model implemented for the private pension system in Colombia and proposes the potential investment flows of the model for the market of variable-income rates. For the conduction of this analysis all the relevant features concerning the Multifund model are taken into consideration, describing legal issues, the current situation of the model in Colombia, and proposing probable scenarios in accordance with the evolution of such schemes in Chile and Peru, which are assessed in this work given the similarities of those models with the scheme implemented in Colombia. Similarly, an analysis is made to the Bills currently discussed by the Government intending to improve the pension system. The research is of quantitative nature and supported on primary information sources such as The Finance Superintendence of Colombia, The Pensions Superintendence of Chile and the Bank and Insurance Superintendence of Peru secondary information sources used include previous research works, among others.