Pension funds in October 2024: annual gains exceed 9%

pension funds They predict a good 2024. From the most conservative funds to the most aggressive, they register returns that exceed 9% annually at the end of October of this year, according to the portal of the Superintendency of Banking, Insurance and AFP (SBS).

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Annualized nominal profitability of pension funds by type of fund, as of October 2024 (%)
	Fund 0*	Fund 1	Background 2	Background 3
Habitat	7.22	12.56	12.27	14.03
Integra	6.86	10.41	9.88	7.41
Premium	7.02	10.83	9.23	4.78
Profuture	7.06	10.46	9.50	10.16
Average	6.97	10.70	9.91	9.04

Note: Habitat’s Type 0 Fund is in the formation stage, so profitability may show significant variations (Article 74°-A of Title VI of the SPP Compendium of Rules). Source: SBS

Fund 1, which represents the best option for the most risk-averse, leads the gains with a return of 10.7%. Per AFP, fund 1 managed by Prima AFP and Habitat reported nominal returns above the market average. Habitat topped the table with a gain of 12.56%, followed by Prima AFP with 10.83%.

According to the SBS, in the 18 years of fund 1’s existence, it has achieved a nominal profitability or gain of 4.46%. The fund invests primarily in fixed income instruments such as bonds, certificates of deposits, treasury bills, commercial papers, debt securities, corporate bonds and mutual funds. Only 4.6% of members of the private pension system allocate their pension savings to this fund. 85.8% of these people are over 55 years old.

Background 2 and 3

This, which is the oldest in the system, registered a profitability of 9.91% annually as of October. Again, two AFPs reported above-average earnings on these funds. Habitat also led the profitability of this category with a rate of 12.27% and was followed by AFP Integra with 9.88%.

In the 31 years of operation, this fund has achieved an annual nominal return of 10.3%. According to the SBS, the fund is characterized by investing more than 40% in mutual and investment funds and more than 20% in stocks (variable income). In total, 90% of AFP members allocate their savings to this fund. Of these, 88% are between 21 and 55 years old.

As for fund 3, known as the most aggressive, due to its greater exposure to equities, it reported a return of 9%. This time, Habitat left its competitors far behind with a 14% gain. Profuturo followed with a return of 10.16%.

This fund is characterized by investing more than 40% of the resources in stocks and 54% in mutual and investment funds. According to the SBS, in the 18 years of existence, the category reports an annual nominal profitability of 6.8%. Furthermore, only 2.7% of members save in this fund, of which 70% is concentrated in people between 36 and 50 years old.

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