The Superintendence of Pensions (SIPEN) carried out an analysis of the behavior of the investments of the pension funds which reveals that in recent years the greatest proportion of investment growth is aimed at the development of private sector projects, complying with the mandate established in Law 87-01 that these resources are destined to the development of the national economy.
The pension superintendent, Francisco A. Torres, reported Friday that from 2020 to 2024, the growth rate of the investments of the pension funds In the private sector it has increased every year, as evidenced by statistics, increasing from 13 % to 19.45 % from 2021 to 2022.
The year 2023 marked a remarkable point, since the growth of Investments In the private sector it increased significantly to 26 % and remained throughout 2024, where there was a relevant increase representing 33 % of the total growth of the investments of the pension funds.
In July 2003, when the current one began pension system Individual capitalization, 100 % of the resources of the pension funds It was invested in certificates of deposits issued by the financial intermediation entities.
As of January 31, 2025, these resources They meet distributed as follows:
- 48.83 % in bonds of the Ministry of Finance
- 19.07 % in debt titles from the Central Bank
- 15.70 % in investment funds
- 5.74 % in financial intermediation entities bonds
- 4.57 % in public offer trusts
- 3.80 % in financial certificates
- 2.0 % in business bonds
- 0.30 % in public offer shares
He informed that since the beginning of his management he has focused on promoting the diversification of the portfolio of pension fundsthrough the approval of new investment funds as investment alternatives for pension fundsdestined in large proportion to the energy and tourism sector.
Main investors
The inclusion of pension funds As one of the main institutional investors in the economy, it has generated a wide range of benefits. These include:
- The promotion and formalization of savings
- Financial inclusion
- The optimization of profitability
- The dynamization of the stock market.
In addition, they have contributed to The creation of new jobsto the development of sustainable projects and the financing of companies in the real sector through various financial instruments and vehicles.
