Wednesday, 19 January 2022 20:51

SSF recorded a year-on-year growth of 83.71% in mutual funds at the end of 2021

Written by Evelyn Alas

The Superintendencia del Sistema Financiero (SSF), expressed through its Twitter account, that investment funds as of december 2021, reflected an interannual growth of 83.71% in the amount of its assets, demonstrating the interest that has been generated by this investment instrument.

Likewise, the evolution obtained by the equity of the investment funds during 2021 was US$403.4 million, while in 2020 it was US$219.6 million.

As for the amount of loans in the banking sector, it continues to grow.

As of january 14, 2022, there was a year-on-year increase of US$1,097.4 million, compared to the same period of the previous year, demonstrating the dynamism of the country's economy.

The inter-annual growth of loans in financial institutions, cooperative banks and savings and loan societies, as of january 14, 2022, US$15,889.5 million were obtained, US$1,097.4 million more than in january 2021, which was US$14,792.1 million.

In El Salvador investment funds is a set of securities (securities such as bonds or shares), a "basket" assembled by a company (bank, brokerage house or other entity), which is built to be an investment vehicle. Mutual Funds invest in a diversified portfolio of different instruments.

The instruments in which it can invest vary according to the fund and are defined by its Investment Policy, which can be found in the fund's Internal Regulations, approved by the Superintendencia del Sistema Financiero.