Press Release

The Fondo de Ahorro de Panamá Publishes its Preliminary (Unaudited) Results for Second Quarter 2016

Panama | Aug 17, 2016

The Fondo de Ahorro de Panama (“FAP” or “Fund”) has published its portfolio performance report for the second quarter 2016 (“2Q2016”).

Key points:

• Total Fund assets : USD 1,435.4 million;
• Total Fund net assets: USD 1,265.4 million;
• Performance – year-to-date at 2Q2016: 3.4%;
• Gross income – year-to-date at 2Q2016: USD 42.8 million; and
• Performance – last 12 months: 3.7%

Complete 2Q2016 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.
 

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
 
 
###