Press Release

The Fondo de Ahorro de Panamá Publishes its Preliminary (Unaudited) First Quarter 2025 Results  

Panama | May 16, 2025

The Fondo de Ahorro de Panamá (“FAP” or “Fund”) has published its portfolio performance report for the first quarter 2025 (“1Q2025”).

Summary:
At the close of the first quarter of 2025, the Fund reported assets under management of B/. 1,648.9 million and a gross quarterly return of 0.80%, broadly in line with its benchmark. During this period, a combination of economic and geopolitical factors created an environment of heightened uncertainty and mixed performance across financial markets

Despite these challenges, the Fund achieved a 12-month gross return of 5.58%, outperforming its benchmark by 53 basis points. The Fund maintained a prudent investment strategy focused on capital preservation, with a strong emphasis on allocations to developed markets. This disciplined approach reaffirms the Fund’s commitment to safeguarding national savings and promoting long-term financial sustainability.

Key points:

  • Total Fund assets: B/. 1,648.9 million; *

  • Total Fund net assets: B/. 1,549.9 million;

  • Cumulative gross return for the year to 1Q2025: 0.80%;

  • Cumulative gross return for the 12 months ending 1Q2025: 5.58%; and

  • Gross profit (before expenses) year-to-date at 1Q2025: B/. 14.5 million.

Complete 1Q2025 Report (in Spanish)

The information presented has not been independently audited. Information regarding gross income (performance) include interests, dividends, and assets valuations on a mark-to-market basis before costs.

*The monetary unit of the Republic of Panama is Balboas (B/.), which is at par and freely exchangeable with the United States dollar (USD); The Republic of Panama does not issue its own paper currency, and instead, the USD is used as legal tender, and is considered the Fund´s functional currency. The financial reports provided by our global custodian are in USD and form the financial basis of this report.

About the Fondo de Ahorro de Panama
The Fund was created by Law 38 of June 5, 2012, whose main objectives are:

  1. Establish a long-term savings mechanism for the Panamanian State; and

  2. Establish a stabilization mechanism in case of a state of emergency (declared by the Cabinet’s Council) and economic slowdowns.

Contact: Administration, +507-394-5776/5706, administrador@fondoahorropanama.com
For additional information visit www.fondoahorropanama.com
 
 
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