Administradora de Fondos Mutuos LarrainVial S.A. performs "Initiation of Activities" in 1998. During the same year, the fund manager launches the first fund, LarrainVial Ahorro a Plazo, a mutual fund, as an investment alternative to fixed bank deposits.
In April 1999, the LarrainVial Mercado Monetario mutual fund is introduced, focusing on managing the excess liquidity of our clients.
As a way to diversify our clients' investments, the LarrainVial Money Market mutual fund is released, which invests mainly in dollar debt instruments.
The Investment Funds Manager position is created, focusing on institutional clients.
The same year, and with the goal of diversifying our mutual fund offerings, the LarrainVial Latinoamericano mutual fund is released, which is comprised mainly of Latin American shares and debt instruments.
The LarrainVial Beagle investment fund is launched and the LarrainVial Ahorro Estratégico mutual fund is introduced to our clients, which invests mainly in long-term Chilean debt instruments. Also the LarrainVial Ahorro Central mutual fund, an investment alternative to a 1-year UF bank deposit, is released. Also during the same year, a new series for each of our funds is created in order to make them eligible for the Ahorro Previsional Voluntario.
New investment alternatives are added to existing offerings: LarrainVial Portfolio Lider mutual fund, a balanced fund that combines different asset classes and currencies; LarrainVial Ahorro Capital mutual fund, an investment alternative to 90-day fixed bank deposits; and the LarrainVial Acciones Beneficios fund, which is designed for companies and individuals who want to invest in Chilean shares with stock exchange presence.
LarrainVial Líder Dólar mutual fund is introduced, a balanced fund that invests in Chilean as well as international fixed income and equity dollar-denominated instruments.
LarrainVial Enfoque and LarrainVial Protección mutual funds are created. The first one is an active fund that invests in Chilean equities, while the second one is a conservative balanced fund that invests up to 20% in equities and the rest in fixed income.
A very innovative year in which five new international equity funds are released: LarrainVial Estados Unidos, LarrainVial Inversión Mundial, LarrainVial Asia, LarrainVial BRIC and LarrainVial Brasil. The last two are distinguished from the rest in that they were the first of their type to be released on their respective markets.
Our asset manager receives a Salmón award for the 9th consecutive year. Salmón awards are given to the most profitable funds in each category. The same year, the LarrainVial Enfoque fund receives the first Diario Estrategia´s Sectorial award as the best Chilean equity fund.
Two new funds are released, completing 25 mutual funds under management with a total of USD 1 billion in various assets under our administration.
The LarrainVial Administradora General de Fondos and Consorcio Administradora General de Fondos subsidiaries are integrated, giving rise to the market´s largest non-bank asset management firm.
The Standard & Poor´s agency grants LarrainVial Administradora General de Fondos a AMP2 risk rating, making it the first Chilean asset management firm to ever have an international risk rating.
Also, the LarrainVial Megatendencias mutual fund is released, which invests in the leading global trends of the coming few years.
LarrainVial Asset Management´s fund offerings are restructured; redefining their series to target specifically each type of investor.
Our offerings are enlarged with a new fund, LarrainVial Deuda Corporativa Chile investment fund, which invests mainly in Chilean companies´ investment grade bonds.
LarrainVial Administradora General de Fondos leads the creation of the Sociedad de Inversión de Capital Variable (SICAV), named the LarrainVial Asset Management SICAV and domiciled in Luxembourg.
LarrainVial Asset Management SICAV launches two funds whose investments are managed by LarrainVial Administradora General de Fondos.
A new monetary mutual fund is added in July, LarrainVial Disponible. This fund´s main characteristic is its no-inflation exposure, therefore making it an excellent investment option during low or negative inflation periods.
Fund Pro recognizes LarrainVial Líder Dólar mutual fund as the best conservative balanced fund; meanwhile it also receives two Salmón Awards.
LarrainVial Asset Management achieves the best classification in Standard & Poor´s "Asset Management Practices" with a rating increase from AMP-2 (Strong), first received back in 2010, to MP-1 (Very Strong). LarrainVial becomes the first Asset Management Firm in Chile to receive an investment process classification from this agency.
With EDM Asset Management´s advice, the LarrainVial Europa mutual fund is released. This fund is offered during a time in which investors have shown renewed trust in the economy of the region.
The LarrainVial Mercados Emergentes mutual fund is awarded by Morningstar first place in the Emerging Markets Equity category. At the same time, three other funds are recognized with a Salmón award.
The LarrainVial Ahorro Nominal, LarrainVial Oportunidad Chile and LarrainVial España mutual funds are released.
A strategic alliance with Falcom Capital is formed, focusing on developing and enhancing new investment alternatives in Mexico.
Standard & Poor´s classifies LarrainVial Asset Management for a second year in a row with the AMP-1 (Very Strong) rating.
We released LarrainVial Falcom Mexican Fixed Income in Chile and Luxembourg.
The name of company was changed to LarrainVial Asset Management General Fund Manager S.A.
We released 11 diferent Investment Funds and 2 Mutual Funds.
Standard & Poor´s classifies LarrainVial Asset Management for a third year in a row with the AMP-1 (Very Strong) rating.
Standard & Poor´s classifies LarrainVial Asset Management with the AMP-1 (Very Strong) rating.