2025 was a good year for AFP multi-funds.
According to data revealed today by the Superintendency of Pensions (SP), multi-funds obtained their best performance in six years at the end of December, with a significant recovery after various ups and downs in the global and national economy – such as the Covid-19 pandemic -.
The total pension savings of the almost 12 million members of the system were 5,488.70 million UF, a figure equivalent to US9,310.25 million.
AFP’s multi-funds experienced their best performance in six years
During the past year, the funds A and B presented real annual returns – taking into account inflation – of 14,89% y 13,14%, respectively, leading the advances. The first managed US$41,901.11 million and the second US$53,399.77 million.
He bottom C had a real annual return of 12,18% and US$78,702.74 million, this being where the majority of people affiliated with the system have their pension savings.
Los funds D and E added to the good general results, with growth of 10,47% y 8,06% annual real, plus US$39,791.49 million and US$25,515.13 million administered, respectively.
Regarding the performance of funds A, B and C, it was explained by the positive behavior of international markets, especially the rise of technology companies and the advancement and investments in Artificial Intelligence (AI). In this line, the MSCI world index gained 11.03%.
The SP also highlighted the expansive monetary policy in some of the world’s main central banks, in addition to stronger than expected economic data in some countries and productive sectors.
However, a factor that partially counteracted this effect was the appreciation of the Chilean peso, for example, against the dollar (8.16%) and its negative impact on positions without exchange coverage.
Regarding funds D and E, the key was performance of national fixed income after the fall in interest rates on local debt securities – given the control of inflation and the Central Bank’s rate cuts -, generating contributions to the funds via capital gains.
International fixed income lost 0.62% in Chilean pesos during 2025.
