The mutual fund industry ensures attractive profitability for Peruvian investors, even higher than fixed-term deposits, at least until the first half of 2024. This is because it will be one of the last sectors where the correction of interest rates, according to the Association of Fund Administrators of Peru.
“We believe that in 2024, at least the first half of the year, the mutual fund industry and the most conservative funds should continue to show attractive returns for clients. And as and when, if rate cuts begin to occur in the international market, we could begin to see a convergence towards a lower return, but it will take a little more time,” said Antonio Farje, general manager of Interfondos. .
In detail, the executive explained that analysts predict that the United States Federal Reserve (FED) will begin its cut in reference interest rates towards the second half of next year. While in Peru, the Central Reserve Bank (BCRP) has already lowered its rate twice. In this way, the international market is heading towards a rate correction and mutual funds will follow this trend.
What type of fund to invest in this 2024?
Specialists agree that everything will depend on the investor’s risk profile and their investment objectives. For example, if you are looking to invest in the long term to pay for your children’s college in 10 years, the correct instrument may be completely different from someone who is planning to make a down payment on a home or pay off a loan in a few months.
“There is no correct investment instrument in general. Our participants have to take into account, obviously, profitability, but two other factors that are critical, which is their risk appetite and the investment term,” said Oscar Zapata, manager general manager of Credicorp Capital.
The union highlights that in the last year the number of mutual funds offered has increased by 20%, which reached more than 200 between management companies, mutual funds in soles, in dollars and distributive mutual funds. In addition, there are more options to invest abroad, in mixed funds, in dollar funds, at different terms and with different income profiles, they said.
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