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      <image:title>Blog - Exchange Traded Funds: Diversificación a bajo costo.</image:title>
      <image:caption>Fuente: JPM ETF; FAP.</image:caption>
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      <image:title>Blog - Exchange Traded Funds: Diversificación a bajo costo.</image:title>
      <image:caption>Fuente: FAP.</image:caption>
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      <image:title>Blog - Exchange Traded Funds: Diversificación a bajo costo.</image:title>
      <image:caption>Fuente: Bloomberg; FAP.</image:caption>
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      <image:title>Blog - Exchange Traded Funds: Diversificación a bajo costo. - Make it stand out</image:title>
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    <loc>https://www.fondoahorropanama.com/blog/2021/04/15/los-mercados-emergentes-y-su-importancia-para-un-inversionista-diversificado</loc>
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    <lastmod>2022-02-11</lastmod>
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      <image:title>Blog - Los Mercados Emergentes y su Importancia para un Inversionista Diversificado.</image:title>
      <image:caption>Fuente: Fondo Monetario Internacional, FAP.</image:caption>
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      <image:title>Blog - Los Mercados Emergentes y su Importancia para un Inversionista Diversificado.</image:title>
      <image:caption>Fuente: UNCTAD, FAP.</image:caption>
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      <image:title>Blog - Los Mercados Emergentes y su Importancia para un Inversionista Diversificado.</image:title>
      <image:caption>Fuente: JP Morgan.</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/53924649e4b010f4651fd393/1618509943253-A71T62X5W2KSHTXJDD7Z/Data+4+-+Spread+EM.jpg</image:loc>
      <image:title>Blog - Los Mercados Emergentes y su Importancia para un Inversionista Diversificado.</image:title>
      <image:caption>Fuente: JP Morgan.</image:caption>
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    <image:image>
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      <image:title>Blog - Los Mercados Emergentes y su Importancia para un Inversionista Diversificado.</image:title>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/53924649e4b010f4651fd393/1618511993276-Y2XA9SFYLVHAS8MEIMSF/Data+5-+SP500+vs+MSCI.jpg</image:loc>
      <image:title>Blog - Los Mercados Emergentes y su Importancia para un Inversionista Diversificado.</image:title>
      <image:caption>Fuente: Bloomberg. LP.</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/53924649e4b010f4651fd393/1618512143076-BX7U7OTUHJJS6LQHPRGX/Data+6+-+EM+ETF.png</image:loc>
      <image:title>Blog - Los Mercados Emergentes y su Importancia para un Inversionista Diversificado.</image:title>
      <image:caption>Fuente: Bloomberg. LP., Fondo de Ahorro de Panamá.</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/53924649e4b010f4651fd393/1618512348257-ZM4SH2W7O1EZECG38QNO/Data+7+-+Commodities.jpg</image:loc>
      <image:title>Blog - Los Mercados Emergentes y su Importancia para un Inversionista Diversificado.</image:title>
      <image:caption>Fuente: Bloomberg. LP., FAP.</image:caption>
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      <image:title>Blog - Los Mercados Emergentes y su Importancia para un Inversionista Diversificado.</image:title>
      <image:caption>Fuente: Banco Mundial, FAP.</image:caption>
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    <image:image>
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      <image:title>Blog - Los Mercados Emergentes y su Importancia para un Inversionista Diversificado.</image:title>
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    <image:image>
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      <image:title>Blog - Los Mercados Emergentes y su Importancia para un Inversionista Diversificado.</image:title>
      <image:caption>Fuente: Bloomberg. LP., FAP</image:caption>
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  <url>
    <loc>https://www.fondoahorropanama.com/blog/2020/11/18/cmo-son-afectadas-las-tasas-de-inters-de-hipotecas-en-panam-por-las-tasas-de-inters-referenciales-de-ee-uu</loc>
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      <image:title>Blog - ¿Cómo son afectadas las tasas de interés de hipotecas en Panamá por las tasas de interés referenciales de EE. UU.?</image:title>
      <image:caption>Fuente: Bloomberg. LP.; FAP.</image:caption>
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      <image:title>Blog - ¿Cómo son afectadas las tasas de interés de hipotecas en Panamá por las tasas de interés referenciales de EE. UU.?</image:title>
      <image:caption>Fuente: Bloomberg. LP., FAP.</image:caption>
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    <image:image>
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      <image:title>Blog - ¿Cómo son afectadas las tasas de interés de hipotecas en Panamá por las tasas de interés referenciales de EE. UU.?</image:title>
      <image:caption>Fuente: Bloomberg. LP., Superintendencia de Bancos de Panamá, FAP.</image:caption>
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      <image:title>Blog - ¿Cómo son afectadas las tasas de interés de hipotecas en Panamá por las tasas de interés referenciales de EE. UU.?</image:title>
      <image:caption>Fuente: Bloomberg. LP., Superintendencia de Bancos de Panamá, FAP.</image:caption>
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      <image:title>Blog - ¿Cómo son afectadas las tasas de interés de hipotecas en Panamá por las tasas de interés referenciales de EE. UU.?</image:title>
      <image:caption>Fuente: Bloomberg. LP., Superintendencia de Bancos de Panamá, FAP.</image:caption>
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      <image:title>Blog - ¿Cómo son afectadas las tasas de interés de hipotecas en Panamá por las tasas de interés referenciales de EE. UU.?</image:title>
      <image:caption>Fuente: Bloomberg. LP., Superintendencia de Bancos de Panamá, FAP.</image:caption>
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      <image:title>Blog - ¿Cómo son afectadas las tasas de interés de hipotecas en Panamá por las tasas de interés referenciales de EE. UU.?</image:title>
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    <loc>https://www.fondoahorropanama.com/blog/2020/10/29/anlisis-fondo-de-ahorro-de-panam-el-mensaje-de-la-curva-de-rendimiento-de-ee-uu</loc>
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      <image:title>Blog - El Mensaje de la Curva de Rendimiento  de EE. UU.</image:title>
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      <image:title>Blog - El Mensaje de la Curva de Rendimiento  de EE. UU.</image:title>
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      <image:title>Blog - El Mensaje de la Curva de Rendimiento  de EE. UU.</image:title>
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      <image:title>Blog - El Mensaje de la Curva de Rendimiento  de EE. UU.</image:title>
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      <image:title>Blog - El Mensaje de la Curva de Rendimiento  de EE. UU.</image:title>
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  <url>
    <loc>https://www.fondoahorropanama.com/27-jun-2014-resultados-financieros-del-ao-2013-y-principales-acciones-de-gestion</loc>
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    <lastmod>2014-07-23</lastmod>
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    <lastmod>2026-03-23</lastmod>
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      <image:title>Junta Directiva</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/53924649e4b010f4651fd393/a651ca4b-30b6-4b5f-867e-4ebd773a32cb/Foto+Grupal+-+Junta+Directiva.jpg</image:loc>
      <image:title>Junta Directiva - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:title>Junta Directiva</image:title>
      <image:caption>Mario Roberto Amaya Pineda • Por 7 años Presidente Gerente General/CEO/Socio de Grafocentro S.A. Licenciado en Administración de Empresas de la Universidad de El Salvador, San Salvador, El Salvador. 36 años de experiencia en la industria de la imprenta y las artes gráficas.</image:caption>
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      <image:caption>Álvaro Andrés Naranjo • Por 5 años Vicepresidente Senior de Gestión Patrimonial y Relaciones Institucionales de Geneva Asset Management. Miembro de la Junta Directiva de la Empresa Nacional de Autopistas, S.A. (ENA) y del Hotel Las Américas Golden Tower. Más de 20 años de experiencia en mercados de capitales y gestión patrimonial. Licenciado en Administración de Empresas con énfasis en Finanzas – Universidad EAFIT. Programas Ejecutivos – INCAE Business School y Harvard Business School.</image:caption>
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      <image:caption>Anamae Maduro de Ardito Barletta • Por 7 años Directora Independiente de Multibank Inc.; directora de la familia de fondos de Prival Bank; miembro fundador de la Asociación de Agentes de Valores de Panamá. Licenciada en economía y administración de empresas, Brown University.</image:caption>
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      <image:caption>Jean Pierre Leignadier • Por 7 años Presidente Ejecutivo y Gerente General de Productos de Prestigio, S.A. Presidente de la Cámara de Comercio, Industrias y Agricultura de Panamá, 2020-2021. Licenciado en Finanzas - Villanova University Maestría en Administración de Negocios (MBA) - University de Notre Dame.</image:caption>
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      <image:title>Junta Directiva</image:title>
      <image:caption>Mayra Kam Rauschkolb • Por 2 años Financista. Presidenta de Financiera Pacífico Internacional, S.A. Es directora de la Asociación Directoras de Panamá. Cuenta con más de 30 años de experiencia profesional en el sector financiero y bancario. Maestría en Administración de Negocios (The Wharton School) y otra Maestría en Estudios Internacionales (The Lauder Institute), y una licenciatura en Ciencias Económicas, todas de la Universidad de Pennsylvania (EE.UU.).</image:caption>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/53924649e4b010f4651fd393/98e06b00-7a76-4c71-a88f-20fd3b183738/IMG_4139.JPG</image:loc>
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      <image:caption>Fred Kardonski • Por 7 años Presidente y representante legal de Towerbank International, Inc. Forma parte de la directiva de la Fundación Amador.</image:caption>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/53924649e4b010f4651fd393/6a1d05ad-f2a7-4571-bff3-169961dd427e/F_F06806.jpg</image:loc>
      <image:title>Junta Directiva</image:title>
      <image:caption>Otto Wolfschoon H. • Por 5 años Vicepresidente Ejecutivo y Subgerente General de Global Bank. Más de 40 años de experiencia en el sector financiero, con trayectoria en finanzas corporativas y crédito en instituciones como The Chase Manhattan Bank y Bank of Boston. Miembro de la Junta Directiva de G.B. Group Corporation, Global Bank Corporation, Progreso AFPC, S.A., Global Bank Overseas Limited y Global Financial Funds Corp. Licenciado en Economía con altos honores – Universidad de Panamá. MBA con honores – New York University. Postgrado en Gerencia y Economía – Universidad de Colorado, Estados Unidos.</image:caption>
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      <image:title>Comisión Supervisora</image:title>
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    <loc>https://www.fondoahorropanama.com/equeje</loc>
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      <image:title>Equipo Ejecutivo</image:title>
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    <loc>https://www.fondoahorropanama.com/modificaciones-proyecto-de-ley-no-569-de-2013</loc>
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    <loc>https://www.fondoahorropanama.com/nuevo-logo-del-fondo-de-ahorro-de-panam</loc>
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      <image:title>16 Oct 2013 | Nuevo Logo</image:title>
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      <image:caption>Cumulativamente desde su creación al cierre del año 2019, el FAP ha generado utilidades por el orden B/. 291.2 millones, de los cuales se han distribuido B/. 131.5 millones al Tesoro Nacional.</image:caption>
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      <image:title>Logos Fondo - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:title>30 Sep 2025 | (ENG) Successful Completion of Promissory Note Exchange for Bonds - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:caption>Fuente: PRI Assessment Report 2025</image:caption>
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