Throughout 2021, the mutual fund industry closed with S/ 32,487 million in managed balances and 403,562 participants, according to data from Credicorp Capital.
In this regard, they detail that last year was “excellent” for global equity mutual funds, shining for strategies focused on Europe and the United States (see chart).
However, Rocío Coloma, General Manager of Credicorp Capital SAF pointed out that Peru was marked by constant political instability, which encouraged high volatility in the market, resulting in participants choosing to invest in international strategies, specifically through International Equity Funds of Funds.
Photo: Credicorp Capital
On the other hand, they recalled that a rapid recovery of the markets is expected after the rise in rates by the United States Federal Reserve and due to the geopolitical tension between Ukraine and Russia, given that Latin America has maintained an opposite trend mainly due to attractive valuations and the the improvement in commodity prices, such as the rise in oil prices.
In that sense, they expect global equities to continue to be the asset class with the greatest growth prospects for this year.
Investor details
Credicorp Capital noted that there is a high concentration of local investors in conservative funds, to the point that it stands at 58%. Last year it was 77%.
Likewise, Lima has the largest number of participants and balances (77%) in the industry, as opposed to 33% in the provinces. In 2021, the capital had 80% of participants.
In addition, the greatest penetration in balances comes from natural persons, 76% (72% a year ago), while legal entities achieve 24% in balances.
The specialized firm specifies which option of international strategies through the Funds of Funds has been the most demanded, with 19% (S/ 5,871 million).
Finally, 96% are natural persons (414,531 natural participants). The remaining 4% are legal.
Source: Larepublica
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