June 5, 2025 - The Financial Market Commission (CMF) presented today its new Mutual Funds Portal to compare profitability, actvity, and investment costs in mutual funds offered by General Fund Managers (GFMs) supervised by the Commission. This Portal is part of the CMF's work agenda to promote a more transparent financial market and has the following objectives:
- Provide clear, simple information on costs and profitability of mutual funds marketed in Chile.
- Promote greater competition in the fund industry.
- Contribute to better financial education.
The new Mutual Funds Portal updates and supplements the Mutual Fund Costs Comparison Tool presented in July 2024. It includes four sections:
- Mutual Fund Costs Comparison Tool: Allows identification and comparison of investment costs in different funds.
- Profitability Comparison Tool: Allows assessment of fund profitability and comparison with references of similar investment risks and objectives.
- Mutual Fund Portfolios: Provides detailed overviews of investment portfolios for mutual funds available in the market.
- Market Trends: Displays evolution of the industry over time through several indices such as system equity, participants, and main asset types for each portfolio.
The Portal is focused on "retail" investors, i.e., parties whose contribution is up to CLP 50 million; "high net worth" investors, whose minimum investment amounts are over CLP 50 million; and "APV clients", who invest in funds intended to build a voluntary pension savings plan (APV, for its Spanish acronym).
While costs are an important factor in investment decisions, they are not the only variable to pay attention to when investing. The Portal also features data on investment performance over time, another important criterion to make investment decisions. Other relevant variables include risk levels according to investors' preferences and quality of service provided by GFMs.
Fund Industry
The mutual fund industry in Chile manages investments of around USD 80 billion and has over 3 million participants, making it one of the most important sources of savings in the economy. A significant part of these savings belongs to small investors who invest in different types of instruments, which sometimes constitute APVs.
The Mutual Funds Portal features different sections for interested parties to compare profitability, costs, and investment portfolios in a simple, dynamic way; and analyze the main market trends to take decisions using better information when choosing investment alternatives in different GFMs. This involves factors such as investors' risk tolerance, investment horizons and liquidity needs, among others.