Money Takes Refuge in Short-Term Funds

In Costa Rica, 55% of the total in investment funds is in extreme liquidity instruments.

Monday, March 16, 2009

The fear caused by the financial crisis has prompted investors to abandon growth and income investment funds which typically offer better returns and put their money in highly liquid, low return funds, where the money can be withdrawn in less than 24 hours.

According to the article by Esteban Ramírez Castro, published in, this has caused low levels of performance similar to that obtained with bank certificates: "Money market funds in colones remained close to 7% for the last 30 days, two points down from the inflation projected for 2009. As a reference, overnight certificates from the Central Bank with a one-day term are paying 7.75% and even 30-day rates can go as high as 9%."

More on this topic

Real Estate Funds in Costa Rica

July 2012

Without having achieved exceptional growth, these securities maintain acceptable occupation levels and competitive returns.

From the blog Pulso Bursátil by Aldesa:

What happened to the real estate funds industry in Costa Rica?

Since the advent of the subprime crisis in 2008, and although real estate funds industry has not shown an exponential growth, the occupation levels of these securities remain acceptable and returns are competitive at a time when dollar interest rates are "exceptionally low. "

Costa Rican Investment Fund Market 2010

December 2010

Despite the international financial crisis, assets have grown by 8% in 2010 and the number of investors increased 10% to 33.432 customer accounts.

Among other options, stock funds won over many investors reappearing as an investment option with over 200 investors. Also open Growth Funds increased 12%, Megafunds with an 11% increase and Money Markets with 12%.

Less Investors, But More Active Ones

January 2010

In Costa Rica, investment funds grew 16% in 2009, in spite of losing almost 10% of their investors.

During the past financial crisis, the Costa Rican market turned out to be more stable than international markets, making it a relatively safer place for storing capital. Because of this, assets managed by investment funds grew to $2.48 billion.

Costa Rica: Aldesa and CAMMB form an alliance

April 2008

The real estate and financial funds offered by Aldesa could be acquired through the Central America Money Market Brokers (CAMMB).

The deal is possible because both groups have signed an agreement authorizing the marketing of Aldesa products through the sale of this market placement.

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