The Mutual funds They would end with returns during 2025, despite the impact of the commercial war on the global economy and the main assets, said Antonio Cevallos, general manager of BBVA Asset Management.
“2025 is going to be a year where investors are still going to find attractive returns in the mutual fund industry, in addition to the great benefits it offers in these funds,” said Cevallos.
The specialist said that so far a tendency to exit investors of mutual funds is not perceived for fear of the commercial war, on the contrary, he said that the public’s entry is observed especially with the preference in the fixed income funds of lower risk.
Could all mutual funds fall?
No, said Cevallos. The Executive argued that, for example, in the case of BBVA, about 70% of its portfolio is made up of funds that invest in term deposits, short -term bonds, remunerated current accounts, that is, low -risk assets and very short duration, whose returns are positive.
“We have maintained what we call ‘Carry Trade’ (strategy that seeks to make profits of the difference in interest rates between two assets or currencies) in soles and dollars, with which the capitals of the clients are protected,” he said.
Cevallos indicated that in case the situation does not improve, the expectation is that customers of mutual funds lean decrease their risk by bowing more for low -duration fixed income products and set aside the variable income.
“The base scenario of our strategy team is that this is resolved, although difficult to know when. If this is resolved this year the yields will be greater. In fact, the fundamentals of the economies remain good,” he concluded.
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