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Thursday, 21 December 2023 05:14

Investment funds in the country increase 100.01%.

Written by Miguel Crespin
Investment funds in the country increase 100.01%. Courtesy

The Superintendencia del Sistema Financiero released a report on the current state of the country's investment funds for the month of november, which shows an increase of 100.01% inter-annual growth in their assets.

In november 2022 the investment funds had only reached a total of US$463.84 million; while in 2023 during the same period they have reached US$927.74 million, which represents a total growth of US$463.90 million.

Investment funds are mechanisms for the collection or collective administration of sums of money or other assets that are integrated with the contribution of a plural number of determinable persons once the Fund enters into operation and the resources are managed collectively by a management company, to also obtain collective economic results.

This increase comes after reports published by the Economic Commission for Latin America and the Caribbean (ECLAC), which mentioned that the salvadoran economy will close 2023, with a Gross Domestic Product growth rate of 2.3%.

 

Translated by: A.M

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