Top pension funds: ranked by assets under management as of December 31, 2005.

• Position: Latin America - Ilustraci

Top Pension Funds Ranked by assets under management as of December 31, 2005 ASSESTS RANK US$ % '05 '04 AFPS COUNTRY millions change 2005 '05/'04 1 1 Previ Brazil 35,447.6 33.6 2 2 Provida Chile 23,292.2 21.7 3 3 Habitat Chile 17,838.9 23.0 4 4 Cuprum Chile 13,287.6 30.6 5 6 Petros Brazil 12,226.3 29.7 6 5 Banamex Mexico 10,543.8 11.1 7 7 Bancomer Mexico 9,764.5 11.2 8 10 Funcef Brazil 9,040.0 33.1 9 9 Bansander Chile 8,771.5 24.9 10 8 Santa Maria Chile 8,723.7 17.0 11 12 Profuturo GNP Mexico 5,044.7 14.1 12 18 Inbursa Mexico 5,020.5 43.9 13 16 Fundaicao CESP Brazil 4,558.4 26.8 14 14 Origenes Argentina 4,393.3 18.6 15 19 Porvenir Colombia 4,231.5 41.1 16 13 ING Mexico 4,206.0 2.0 17 17 Consolidar Argentina 4,189.7 19.3 18 55 MET (1) Argentina 4,156.5 16.8 19 22 Proteccion Colombia 3,950.4 48.4 20 15 Santander Mexicano Mexico 3,809.2 5.4 21 21 Banorte Generali Mexico 3,501.8 25.4 22 11 Sistel Brazil 3,204.2 -29.8 23 28 Valia Brazil 3,060.7 32.0 24 31 Nacion Argentina 3,038.4 46.3 25 25 Integra Peru 3,001.0 20.8 26 27 Centrus Brazil 2,910.2 24.3 27 26 Maxima Argentina 2,887.2 18.6 28 29 Itaubanco Brazil 2,880.8 27.0 29 33 Horizonte Colombia 2,848.9 42.0 30 24 Planvital Chile 2,842.5 13.0 31 23 XXI Mexico 2,811.6 5.9 32 35 Colfondos Colombia 2,415.3 42.9 33 32 Horizonte Peru 2,401.8 18.9 34 30 Union Vida Peru 2,362.9 9.4 35 37 HSBC Mexico 2,125.4 37.2 36 36 Forluz Brazil 2,099.1 32.3 37 34 Principal Mexico 2,018.2 7.6 38 39 Santander Colombia 1,992.6 47.3 39 38 Arauca Bit Argentina 1,949.5 31.5 40 40 Real Grandeza Brazil 1,663.4 30.7 41 44 Confia El Salvador 1,589.7 42.0 42 42 Banesprev Brazil 1,569.3 25.6 43 43 Fapes Brazil 1,534.1 33.2 44 41 Profuturo Peru 1,502.9 19.4 45 46 Fundacao Copel Brazil 1,341.9 35.9 46 45 Crecer El Salvador 1,312.4 27.5 47 48 Republica Uruguay 1,211.3 27.7 48 47 Telos Brazil 1,198.9 22.4 49 50 Postalis Brazil 1,162.6 37.0 50 51 HSBC Fundo de Pensao Brazil 1,115.2 31.7 51 -- Fundacao Atlantico Brazil 1,111.3 -- 52 49 BBVA Prevision Bolivia 1,053.2 17.7 53 -- Visao Prev Brazil 1,039.5 -- 54 54 Eletroceee Brazil 1,014.9 32.1 55 52 Futuro de Bolivia Bolivia 1,007.2 22.6 56 58 IBM Brazil 935.1 35.2 57 57 CX Usiminas Brazil 884.0 26.1 58 59 Economus Brazil 866.5 26.9 59 56 Funbep Brazil 829.5 17.5 60 62 Fachesf Brazil 740.9 43.7 61 60 Eletros Brazil 730.7 28.5 62 94 Azteca Mexico 729.8 192.8 63 61 Capef Brazil 654.0 20.3 64 65 Ceres Brazil 653.8 31.1 65 63 CBS Brazil 638.8 26.3 66 67 PSS Brazil 627.6 28.4 67 64 Serpros...