Mutual fund assets grew by 19.9% in the first half of the year, compared to the value reached in December 2023 (US$8,864.4 million), according to the Mutual Funds Management Association of Peru. By the end of the year, growth of up to 35% is expected.
“We could close the year at 32% or 35% if we continue at this pace. If so, it would be a very positive year, considering that we would be growing more than 30% over the entire history,” said Antonio Cevallos, president of the Mutual Fund Administrators Association of Peru and BBVA Asset Management.
For twelve consecutive months, the assets managed by mutual funds in the country have been growing, showing a variation of 41.89% in soles and 34.19% in dollarsAt the end of June, it amounted to US$10.42 billion (S/39.958 billion).
It should be noted that the number of participants has grown by more than 10% so far this year. By mid-year, 373,916 participants were registered, of which 97% were natural persons and the remaining 3% legal entities.
As for the average returns they have, In the last twelve months they reached 27.68% in equity funds in soles and 17.79% in dollars. Likewise, they reached 6.32% in debt funds in soles and 6.17% in dollars.
At the management company level, Credicorp Capital concentrates 31.85% of the assets under management, followed by BBVA Asset Management with 20.21%, Scotia Fondos with 19.1%, Interfondos with 17.15% and Fondos Sura with 11.69%.
Source: Larepublica
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