Standard & Poor’s (S&P), the international risk-rating agency, has ratified for the ninth time on a row the highest rating “AMP-1” (Very Strong) to the Practices for Third Party Fund Management carried by LarrainVial Asset Management (LarrainVial Asset Management Administradora General de Fondos S.A.).
According to S&P, the rating “is based on its strong business profile as one of the largest independent mutual and investment fund managers in Chile with good client and product diversification. Additionally, the classification continues to reflect the fact that LVAM has a highly experienced management team and a clear corporate strategy, with greater focus on products that offer more profitability to its clients and diversification alternatives in foreign currency and/or international assets, along with very strong practices in relation to controls and operations.”
The agency exposed that, in the last two years, social protests at the end of 2019, and subsequently the impact of the global pandemic in 2020 and local political uncertainty during 2021, have led to a greater aversion to risk, which has generated changes in the composition of the fund industry. Given this scenario, LVAM has managed to maintain its market share at 5.5%-6.0%, reinforcing its offer of international funds and offshore platforms.
This rating is the result of LVAM’s active management and a sign of their effort to innovate, committed to adding value and seeking excellence.
Since 2010 LarrainVial Asset Management voluntarily submits to Standard & Poor’s rating of its asset management procedures being one out of only five Latin-American institutions to be awarded the highest rating.
LarrainVial Asset Management is the fifth fund manager in the Chilean market. The company holds assets under management in excess of USD 6,200 million.
S&P full report can be accessed in the following link:Link to report