2024 was a year marked by volatility in financial markets, but, despite this, the funds administered by the AFP They managed to close mostly positively. According to the Superintendence of Banking, Insurance and AFP (SBS), the Profitability of pension funds It had a differentiated behavior according to each other’s level of risk.
The results showed that the most conservative funds were the ones that presented the best performance, while the highest risk funds experienced ups and downs due to global uncertainty. Next, a detailed analysis of the profitability of each fund and its impact on the affiliates.
The most profitable AFP funds of 2024, via SBS
The Pension Fund Administrators (AFP) have four types of funds, each with a different level of risk. Next, its characteristics and the results obtained at the end of 2024 are explained.
- Fund 0: He is the most conservative and is intended for people over 60. Its profitability was the highest of the year, with a performance of more than 6% in all AFP.
- Fund 1: Also of low risk, although its profitability was lower compared to the Fund 0. He experienced a slight fall in the last months of the year.
- Fund 2: of moderate risk, showed a performance greater than fund 1 and managed to close positively in most AFP.
- Fund 3: The highest risk had mixed results, with some positive AFPs and others with negative profitability.
Next, the table with the percentages of profitability of each AFP in the different funds:
| AFP | Fund 0 | Fund 1 | Fund 2 | Background 3 |
|---|---|---|---|---|
| Habitat | 6.59 % | 1.22 % | 5.32 % | 4.83 % |
| Integra | 6.35 % | 0.39 % | 4.99 % | 0.31 % |
| Premium | 6.44 % | 1.77 % | 3.98 % | -1.15 % |
| Profuturo | 6.47 % | 2.17 % | 2.54 % | 1.13 % |
AFP funds: What are the results?
The profitability of pension funds In 2024 it was influenced by various factors, both local and international.
- Instability in international markets: During the first months of the year, volatility in the stock market and the hardening of monetary policies will affect the yields of the most risky funds.
- Recovery in the second semester: The stabilization of interest rates and the best performance of global stock market rates allowed a recovery in the profitability of the funds, especially in the last quarter.
- Impact of fund withdrawals: Although the AFPs managed to diversify investments to mitigate the impact, capital exit affected the stability of some funds.
- Greater stability in conservative funds: Funds 0 and 1, which invest in fixed income and bonds, offered stable yields, which explains their good performance compared to the highest risk funds.
According to economist Luis Castillo, of TPC Group, “the most conservative funds offered greater stability due to their composition based on lower volatility assets, while funds 2 and 3, exposed to international markets, had important fluctuations.”
What happens to your background if you stop making contributions?
Many Affiliates They wonder what happens with their pension fund when they stop making contributions. According to Prima AFP, affiliates remain owners of their background, even if they stop contributing for long periods. This means that the money accumulated in the account is kept available for retirement.
- Continuous profitability: Even if contributions are not made, the fund continues to generate yields according to the market and the composition of the portfolio.
- The accumulated money is not lost: The personal account of each affiliate does not close or disappear if the contributions are suspended.
- Loss of additional benefits: While the fund continues to grow, when contributing, benefits such as:
- Invalidity and survival insurancethat protects the affiliate and his family in case of an accident.
- Burial expenses coveragewhich covers funeral costs.
The AFP association (AAFP) recommend that affiliates, as far as possible, maintain constant contributions to guarantee a stable pension and not lose the additional benefits.
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.
