Latin American Capital Markets

United KingdomPercentInsurance companies 817.1(47.2%) 1,021.6(48.3%) 1,213.5(48.2%) 1,384.1(49.4%) 1,587.1(49.8%) N/AMutual funds 154.5(8.9%) 201.3(9.5%) 235.7(9.4%) 283.7(10.1%) 371(11.7%) 376.8Pension funds 759.7(43.9%) 893.2(42.2%) 1,066.6(42.4%) 1,136.5(40.5%) 1,226.3(38.5%) N/ATotal 1,731.3 2,116.1 2,515.8 2,804.3 3,184.4 N/AINSTITUTIONAL INVESTORS AND CAPITAL MARKET DEVELOPMENT 125Pension funds .615 5.80 11.5 17Total 20 26 39.9 46.7PercentInsurance companies 29.5 23.9 22.3 22.9Mutual funds 67.5 53.8 48.9 40.7Pension funds 3.0 22.3 28.8 36.4PeruBillions of U.S. dollarsInsurance companies 0.31 0.25 0.35 0.41 0.5 0.66Mutual funds 3 0.01 0.15 0.62 0.33 0.5 0.68Pension funds 0.58 0.95 1.51 1.73 2.41 2.75Total 0.89 1.35 2.48 2.47 '3.4 4.1PercentInsurance companies 34.2 18.4 14.2 16.7 14.6 16.0Mutual funds 0.6 11.1 24.9 13.3 14.7 16.6Pension funds 65.2 70.5 60.9 70.0 70.8 67.1ItalyPercentInsurance companies 120.3(50.3%) 146.1(46.3%) 151.8(38.4%) 184.9(28%) 204(28.5%) 222.8(32.3%)Mutual funds 79.9(33.4%) 130(41.2%) 209.4(52.9%) 439.7(66.5%) 478.5(66.9%) 418.9(60.7%)Pension funds 39(16.3%) 39.2(12.4%) 34.4(8.7%) 36.3(5.5%) 33.2(4.6%) 48.1(7%)Total 239.2 315.3 395.6 660.9 715.7 689.8United StatesPercentInsurance companies 2,803.9(28.5%) 3,016.3(26.7%) 3,358.3(25.1%) 3,648.6(23.6%) 3,943.8(22.3%) 4,007.3(22.1%)Mutual funds 2,811.5(28.6%) 3,526.3(31.2%) 4,468.2(33.4%) 5,525.2(35.8%) 6,846.3(38.7%) 7,269.1(40%)Pension funds 4,226.7(42.9%) 4,745.7(42.1%) 5,563.6(41.6%) 6,258.7(40.6%) 6,900.8(39%) 6,876.8(37.9%)Total 9,842.1 11,288.3 13,390.1 15,432.5 17,690.9 18,153.2Source: OECD (2000); ICI (2001); ASSAL (2001); FIAP (2002); AFM (2002).a Derived by author from various sources.N/A Not available.Copyright © by the Inter-American Development Bank. All rights reserved.For more information visit our website: www.iadb.org/pub