Fiber optic connections in Chile rose by 37.6% between June 2019 and June 2020, ranking sixth on a global payroll, according to the Organization for Economic Cooperation and Development (OECD). OECD also reports that Chile is the third highest country with the highest growth rates in fiber optic deployment during the same period.
The Santiago Stock Exchange and S&P Dow Jones Indices collaborated to launch the new S&P IPSA ESG Tilted Index to set the standard for sustainable investing for the Chilean equity market. The S&P IPSA ESG Tilted Index incorporates strict ESG criteria, but doing so in a way that retains a broad set of companies, which tends to result in less volatile, more benchmark-like returns.
Chile’s pension risk regulator has added six new mutual funds to the list of approved products the country’s AFP pension fund managers can invest in. The latest monthly report from the Comisión Clasificadora de Riesgo (CCR) included the additions of funds from JP Morgan, Matthews Asia and Allianz Global Investors as well as a number of alternative products. The CCR also removed five mutual funds previously available to the AFPs at the request of their respective asset managers.
Chile plans to ramp up its purchase of vaccines from China's Sinovac and hopes to sign a deal shortly with Johnson & Johnson, according to the health minister Enrique Paris. Chile has jumped ahead of the rest of Latin America and many countries globally with its inoculation program. The country has already inoculated 3.35 million of its 19 million citizens against COVID-19. Paris also said that Chile would soon receive the first batch of 890,000 doses of the AstraZeneca vaccine through the global COVAX programme.
Lithium Chile Inc. reported assay results from its recently completed follow-up exploration program on its Salar de Laguna Blanca and completion of the reconnaissance TEM geophysical survey at Salar de Los Morros, Chile. Initial assays from surface brine samples in the follow up grid area assayed 1,035 to 1,230 mg/l lithium plus 13,500 to 15,200 mg/l potassium. The company also reported that its reconnaissance TEM geophysical survey at its Los Morros lithium property was completed February 25 with results expected mid-March.