Only 23% of Peruvians consider making an investment in the short term

Despite the fact that 53% of Peruvians still do not have any investment, more than half of the population (59%) believe that it is at least “somewhat probable” to invest in the short term. The most optimistic group reaches 23%, who consider it “probable” or “very probable” to invest, according to the second edition of the Investor Mood Index.

According to the study, Peruvians show a positive evolution on their current situation compared to the previous year. In 2022, the most frequent financial situation in Peru was “saving”, which can be interpreted as a symptom of better personal finances than in 2021. On the other hand, 23% of Peruvians, in general, identify themselves in situations in “investor mode”, either by creating a company, investing or expanding assets.

“For Peruvians, ‘businesses’ continue to be the first investment option (54%) if they had available capital, which reinforces the entrepreneurial spirit that was evident from the first measurement. So much so, that this option leads with a much higher percentage than it had in Chile (37%) and Colombia (31%). In second and third place, the investment intention of Peruvians is aimed at real estate (22%) and investment financial products (11%) such as stocks, the stock market, mutual funds, among others,” says Valdemaro Mendoza, CEO and co-founder of tyba.

How do Peruvians invest?

Regarding the holding of financial investment products, term deposits and voluntary contributions for pension purposes are the most common. The most certain thing is that the holding of term deposits will grow in 2022 due to the increase in interest rates that occurred by the Central Reserve Bank of Peru.

Regarding the interest in investing in financial investment alternatives, it can be said that there is a tie between three options: Peruvians express interest in “time deposits” (I don’t have, but I am interested: 49%), “international shares and local” (50% and 49% respectively) and “corporate bonds” (49%).

A growing consideration was also found in acquiring other types of products such as Cryptocurrencies and Mutual Funds. However, at a general level, there is a lack of knowledge about a significant number of investment options among Peruvians; which is a great opportunity to strengthen financial education.

Another of the results of the study published by tyba showed that Peruvians are more dependent on traditional banks for their investments. More than ⅔ are loyal to banks, finance companies, savings banks and cooperatives, which are the institutions with which they have the most contact.

For their part, Stock Brokers and Fund Management Companies appear as a fourth option for Peruvians when investing, which may indicate that there are more access barriers to these channels than in the other two countries.

Fact

• The Investor Mood Index is a research that seeks to determine and analyze the behavior and knowledge that banked people have regarding investments in three countries of the Pacific Alliance: Peru, Colombia and Chile.
• This study revealed that the three countries have a medium “investment mood”, with some important variables between them, as some are more cautious.