Since April 2023, mutual funds have begun to recover, to the point that At the end of October, the assets managed in this industry reached S/31,498 millionwhich represents an increase of 0.98% compared to the previous month and an increase of 7.63% in the last 12 months, according to official information from the Association of Mutual Fund Administrators.
However, although there is greater managed assets in the mutual fund industry, this is not reflected in the number of participantswhich reached the figure of 341,466, which means a decline of -0.06%, compared to September, and a growth of just 0.01% in the last year.
“Mutual funds that invest in debt instruments are those in greatest demand by participants; while funds of funds are those in greatest supply by the Management Companies (70 of 213 mutual funds),” the institution states.
In detail, the performance of mutual funds was mixed, but with a partially positive bias at the end of the tenth month of the year, which was mainly driven by debt vehicles (+0.41%) and structured vehicles (+0.65 %). Likewise, in the last 12 months, debt mutual funds were the investment vehicles that obtained the highest profitability, registering 7.25% in soles and 4.65% in dollars.
These results are due to the market continuing to internalize the idea that the Federal Reserve (FED) will maintain higher interest rates for an extended period. This was accompanied by positive economic surprises, such as strong retail sales and solid GDP growth in USA in the third quarter.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
