A. M. During the first half of 2025, the two Fondos de Ahorro Previsional Voluntario (APV) managed by Crecer—the Fixed Income Fund and the Balanced Fund—received positive results in a context of high international volatility. Both funds offered profitability and additional tax advantages that reinforce their attractiveness as long-term savings instruments.
Voluntary Fixed Income Fund: Stability, performance, and solidity
The Fondo APV Crecer Renta Fija achieved a simple annual return of 6.08% at the end of june, driven by the good performance and stability of the local market and the solid management of local instruments. Its conservative strategy allowed it to capitalize on investment opportunities even in an uncertain environment, generating consistent returns for its contributors.
This fund maintains a solid reputation in the market, supported by its AA risk rating from the Zumma Ratings agency. This rating reflects its low risk level and adequate liquidity profile, positioning it as a suitable option for investors seeking to preserve their capital and obtain competitive returns through domestic and international fixed-income instruments.
Balanced Fund: Active Recovery in the face of volatility
The APV Crecer Balanceado Fund demonstrated remarkable resilience in the face of a complex international environment, characterized by tariff tensions between the United States and its trading partners, statements by President Donald Trump, and geopolitical uncertainty in the Middle East. Despite this situation, the fund managed to fully recover the losses accumulated in the first months of the year and close the half-year with positive returns.
Between april and june, the fund’s unit value increased by 7.3%, reflecting a solid recovery from its low point in april. This performance was primarily due to the rebound in international markets, especially equities, where the S&P 500 index closed June at historic highs, driven by expectations of interest rate cuts.
International fixed income, which represents nearly 30% of the portfolio, also performed favorably thanks to the stabilization of interest rates. Meanwhile, local fixed income continued to contribute steadily, with returns above 6%, allowing the fund to maintain balance during times of greatest market stress.
Tax benefits: Savings with real advantages
Both funds share a key feature: the tax benefit they offer to those who contribute. Salvadoran law allows individuals to deduct up to 10% of their annual salary from income tax if they make voluntary contributions to these funds, provided the money remains invested for a minimum of five years. This incentive makes the APV an attractive savings tool from both a financial and tax perspective.
“The current situation in 2025 showed us once again that in times of volatility, it’s best to remain calm, as markets tend to recover over time”, said Crecer representatives.
With these results, Crecer’s APV Funds are positioned as a strategic alternative within the long-term savings and investment ecosystem, combining access to diversified markets, active investment strategies, and exclusive tax benefits for those who choose to build their financial future voluntarily and in a disciplined manner.
