About this work
Chilean equities reached new highs while foreign investors reduced their ownership and pension funds avoided rebuilding domestic equity exposure. Households have absorbed most of the equity supply since 2023. This changing investor base may lessen dependence on foreign flows while making the market more sensitive to domestic liquidity and confidence.
Cite this work
Jonathan Fortun, Martín Castellano (2026). IIF LatAm Views: Chile's Equities — Foreign Outflows and the Rise of the Household Buyer. Institute of International Finance.