Mutual Funds

Mutual funds are assets formed by money contributed by a plurality of investors, called unit holders, who delegate the management of their investment to a team of finance professionals. There are various types of mutual funds, and each vehicle has its own objective, which is associated with a currency, a term, a level of risk, and a desired return. In this way, these vehicles provide individual investors with a diversification opportunity, allowing them to distribute their savings across more than one fund with different currencies, risk levels, and returns.

Mutual funds offer significant advantages to investors:

• Diversification: Investors own an asset backed by a diversified portfolio that typically includes a variety of assets with different terms, risks, and returns.
• Professionalism: Mutual funds have a specialized team that constantly monitors the market situation and adjusts portfolios within certain risk parameters.
• Risk: The credit quality of the fund's assets is regularly monitored by a credit rating agency authorized by the National Securities Commissiones.
• Opportunity: Mutual funds provide access to a wide variety of securities and financial instruments, which are sometimes beyond the reach of retail investors.
• Ease of Liquidation: Investors can redeem open-end funds whenever they wish, gaining flexibility to meet unexpected financial needs.
• Transparency: Mutual funds report the unit holder value daily, the portfolio composition weekly, financial statements quarterly, and are under the constant supervision of the Argentine Mutual Fund Chamber and the National Securities Commission.

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