Analyzing individually by product, the first seven of the top ten in the profitability ranking prepared by MC&F adn IFEL as of the end of 2025 have a performance directly linked to Peruvian assets, notably stocks.
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The General Index of the BVL recorded the largest increase (50.1%), followed by an ETF (47.3%),which is a traded fund that invests predominantly in instruments that have the same characteristics or are substantially identical to the components listed on the Lima stock exchange.
In third place was the Selective Index of the Lima stock exchange (46.4%), and from fourth to seventh place are mutual funds that invest in local stocks, with returns between 33.3% and 35%.
In contrast to the performance of the BVL,external markets performed less well. Not only the New York stock exchange (17.9%), but also Frankfurt (39.7%), London (35.4%) and Paris (29.8%) in Europe.The exception in the old continent was Madrid, which climbed 76.4%.
The rush of the local stock market extends, as in what goes of 2026 it scales 27.5%, with a performance far superior to that of Wall Street (1.5%).
Ramos explained that the nearly 10% depreciation of the dollar against the sol in 2025 raised the minimum profitability threshold for foreign currency-denominated instruments, which had to compensate not only for the performance of the underlying asset but also for the exchange rate effect. lower-risk and shorter-duration asset classes, such as short-term fixed income, faced greater difficulties in overcoming this barrier.
Espada referred to mutual funds, a market where there are mostly dollar-denominated alternatives and where products of variable income are offered that invest in foreign markets, such as the new york stock exchange, which performed less than the Peruvian market last year.
According to MC&F and IFEL, a loss of 0.9% was recorded on average among all the instruments analyzed during last year.
In addition, 46.9% of the alternatives studied outperformed the period’s inflation (1.5%).
“If inflation was, such as, 10% and the return was 10% (in the same period of time), in practice all you are doing is maintaining the real value of your assets”, Espada pointed out.
“Exceeding inflation is a necessary condition to preserve and increase the purchasing power of capital, sence a nominal return that does not exceed the rise in the cost of living implies, in practice, a loss of economic value”, Ramos emphasized.
Financial Yields in Peru: 2023 Performance
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Peruvian financial assets yielded an average return of 4.6% in 2023, with rural savings boxes offering the highest returns, according to a report by MC&F and IFEL.
Deposits in Soles Lead Gains
Deposits in Peruvian Soles held at rural savings boxes (cajas rurales) led the way with an average gain of 5.5% in 2023. this outperformed other financial instruments, making them a particularly attractive option for savers.
This performance is detailed in a report published by Gestión, a Peruvian business news outlet, referencing data from MC&F and IFEL.
Finance Companies follow Closely
Financial companies (financieras) offered the second-highest returns, averaging 5.2% on deposits in 2023. this indicates a competitive landscape for savings products within Peru.
The Gestión report further specifies that these returns are based on analysis of various financial products available to Peruvian consumers.
Broader Market Performance
The overall average yield of 4.6% across all financial assets reflects a generally positive, though moderate, return environment for investors in Peru during 2023. The data suggests a preference for Sol-denominated deposits among savers seeking relatively stable returns.
MC&F and IFEL’s full report, while not directly linked, is referenced in the Gestión article, providing the foundation for these findings.
