Private equity managed by mutual fund administrators may grow between 10% and 15% this year compared to 2019, which shows a significant recovery during the COVID-19 health emergency, Credicorp Capital Funds Administrating Society General Manager Alonso Olaechea projected on Wednesday.
"The managed stock will continue to grow steadily by the end of this year," he expressed during the online conference on mutual funds titled "Results, outlook, and an attractive investment vehicle."
The officer commented that some participants knew how to take advantage of the existing volatility in order to be able to invest higher amounts.
"There are many factors that keep clients focused on making investments and diversifying them, as well as turning their surpluses into profitable ones," he said.
The expert added that clients are highly interested in investing internationally through mutual fund administrators abroad.
Olaechea explained that a dramatic expansion of funds is not expected, other than an advance in the coming months.
He explained that this growth will occur due to current investors in mutual funds, who are trying to add more resources for their investments, and other investors who are joining this system.
According to the Association of Mutual Fund Administrators of Peru, the assets managed by the administrators at the end of last year reached S/35.441 billion (about US$9.820 billion).
Participants
For this reason, he added, a constant growth is projected in the number of participants in such system.
"What we see is that there are investors who are getting to know the mutual funds (system) at this juncture in their search for new alternatives to better manage their money," he said.