A N N U A L R E P O R T G R U P O S E C U R I T Y ... - Banco Security

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B U S I N E S S A R E A S
INVESTMENTS
Grupo Security participates in the investment and third-party asset management business through Administradora
General de Fondos Security; securities broking and trading, through Valores Security Corredores de Bolsa; consultancy,
asset management and securitized assets, through Securitizadora Security.
Inversiones Security has the constant and solid support of the Research Department which shares the Group’s
philosophy of excellence to provide corporate and private customers with integral advice the management of their
assets.
A d m i n i s t r a d o r a G e n e r a l d e F o n d o s S e c u r i t y
Administradora General de Fondos Security was created as a subsidiary of Banco Security in May 1992. Since then, it
has grown consistently, every year offering new funds. It broadened its business in September 2003 and changed its
name from Administradora de Fondos Mutuos Security S.A. to Administradora General de Fondos Security S.A..
The mutual funds industry suffered a fall in assets managed during 2008. These at December 2008 amounted to
Ch$11,631 billion, which represents a real decrease of 15.8% from December 2007. The number of investors at the
end of 2008 was 1,130,907, an increase of 4.29% over 2007.
Administradora General de Fondos Security manages 19 mutual funds and 1 investment fund. Regarding the mutual
funds, the company has 28,238 investors and total managed assets of Ch$453 billion. Assets managed declined by