A Hidden Gem out of Latin America

The U.S. Social Security system has nothing in its "lockbox" but IOUs from future taxpayers. There are no actual assets waiting to be sold to fund future retirees' payments. However, in Chile and some other Latin American countries, the national retirement systems actually funnel money collected from workers' paychecks into productive investments.

Administradora de Fondos Provida (PVD) is Chile's largest pension fund manager, both in terms of assets under management and of the number of participants. PVD, often just called Provida, is little-known in the U.S. even though it is Big Board-listed. Provida has a nice balance sheet, great earnings and pays a very generous dividend....300 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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