Chile AFP Fondo E drops 10.4% in 2026; association defends long-term strategy

Chile's AFP Association denies that a speculative 'bet' caused the 10.4% decline in Fondo E profitability from January to September 2026, attributing it to long-term strategy. The drop affects conservative pension fund returns, raising concerns for retirees and prompting regulatory scrutiny. The association's defense suggests potential reputational and policy implications for the pension system.