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AFP multifunds were in the red in September, scoring the biggest drop since March at the beginning of the health crisis.
According to slogan Emol, Fund A posted a 3.48% drop on September 27. Meanwhile, fund B fell 3.37%, fund C decreased 3.22%, fund D contracted 3.25% and fund E registered a fall of 2.36%.
With this, September became the third month in which all multifunds registered falls, as happened in March and July.
Regarding these figures, the consulting firm Ciedess explained that “the downward performance of multifunds A, B and C in September was mainly due to the poor returns obtained from investments in variable income instruments, both nationally and internationally. “.
“The markets have been affected by the uncertainty regarding the pandemic, by the outbreaks and new closings. Given the greater volatility that exists due to the pandemic, it is the riskiest funds that have taken the longest to recover from the falls suffered in March” added the consultant.
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