Mutual fund assets reach $1,345.5 million

The Salvadoran market has 12 investment funds and four fund managers that have earned the trust of many investors.

According to the Monthly Securities Bulletin of the Superintendence of the Financial System (SSF), the total assets of open and closed investment funds reached $1,345.5 million as of June 2024, which reflects the interest and trust that Salvadorans and foreigners place in the national regulation and in the authorized fund managers.

In detail, open funds (where investors can enter and leave at any time) have $263.2 million, mainly concentrated in investment certificates; meanwhile, closed funds have assets of $1,082.3 million.

It is important to remember that the managers are the entities in charge of investing the capital contributed by the unitholders in the various securities that make up the mutual fund’s portfolio. In addition, the fund managers make the investment decisions and perform all the administration and representation functions of the fund.

In El Salvador, the companies that perform this function are Atlántida Capital, S.A., SGB Fondos de Inversión, Gestora Banagrícola and Hencorp.

To date, the Salvadoran market has 12 investment funds, of which seven are open-end and five are closed-end.

The largest open fund is the Renta Liquidez Banagrícola, with assets of $72.8 million; while among the closed funds, the Fondo de Inversión Cerrado de Renta Fija 1 has the largest share with $622 million.

Source: Diario El Salvador.