Mutual Fund Participation in Peru Hits New Record โDespite Pastโ Economic Challenges
Lima, Peru – A new record of 462,958 participants โin mutual funds was reported in Peru as of August, surpassing the previous high โof 441,109 recorded in March 2021 -โ a period just before โคaโค significant outflow of capital following the electionโค of Pedro Castillo. The data, released by the Superintendency of โthe Market and Insurance (SMV), reflects growth across 199 funds administered by 16 competing management societies.
While debt funds remain the most popular, flexible funds and fund-of-funds are experiencing notable growth. Specifically, dollar-denominated assets within flexible funds increased by 42.1% year-over-year (August 2024 compared to August 2025), while those denominated in soles expanded by 82.8%.
“We see several companies โฃ(mutual fund managers) that are growing, have created or have been improving their applications.โฃ Thatโข is very good,” highlighted Rolando Luna Victoria,โข CIO of Faro Capital.
Analysts attributeโ the sector’s expansion to advancements in โขtechnology and a wider range of investment options. โpaul Rebolledo of โคTandem Finance noted a key milestone between 2009 and 2010 whenโค mutual โคfunds began being independently valued, moving away from a self-valuation system.
“The technology and the expansion of โthe value of value (private debt, structuredโ notes, fundโ funds, Crypto world, real estate funds, โขamongโ others) are โtheโข main ally in the growth of the sector in the followingโ years,” Rebolledo stated.
Recent shifts โฃin investor behaviour have also beenโค observed, with funds previously held in term deposits now seeking choice investment vehicles.
The โฃarticle was written by guillermo Westreicher Herrera, an economist with experience in journalism and digitalโ media.