annual report grupo security - Banco Security

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I N V E S T M E N T SGrupo Security participates in the investment and asset management business through Administradora General deFondos Security; securities broking and trading, through Valores Security Corredores de Bolsa; Asesorías Security; andconsultancy and securitized equity and asset management, through Securitizadora Security GMAC-RFC S.A.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 YAs of December 31, 2007, Administradora General de Fondos Security was managing 22 mutual funds and aninvestment fund, and has a total of 24,597 investors and average assets of Ch$506,055 million, which represented39.6% real growth over 2006.The subsidiary produced a net income of Ch$2,070 million, a 33.8% real increase over the year before.
areas of businessfinancinginvestmentsinsuranceservicesSince its creation as a subsidiary of Banco Security in May 1992, Administradora General de Fondos Security S.A. hasdeveloped strongly in line with the trend seen in the Chilean mutual-funds business.Because of the increase in assets managed and the wide variety of products offered, assets managed by the industryas of December 2007 reached an average of Ch$12,724 billion, a real increase of 24.5% over the previous year. Thenumber of investors was 1,087,512, i.e. 35.6% more than in 2006.Administradora General de Fondos Security S.A. currently offers its customers a wide range of funds that cover abroad diversity of asset classes, thus satisfying their specific investment preferences. These are all managed under astrategy based on providing attractive returns together with a moderate level of risk.As of December 2007, Administradora General de Fondos Security S.A. offered the following funds, with theirrespective assets managed and number of investors:
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Page 10 and 11: Security produced a 148% real incre
Page 12 and 13: B O A R D O F D I R E C T O R SC H
Page 14 and 15: SUPERBRANDSSuperbrands placed Grupo
Page 16 and 17: FUNDACION CHILEUNIDO SEMINARFUNDACI
Page 18 and 19: 1981Banco Urquijo de Chile is forme
Page 21 and 22: economic and financial environment
Page 36 and 37: A R E A S O F B U S I N E S SThe fo
Page 38 and 39: F I N A N C I N GGrupo Security par
Page 40 and 41: B A N C O S E C U R I T YThe missio
Page 42 and 43: • PRIVATE BANKINGThis is focused
Page 46 and 47: MUTUAL FUNDS SECURITYSHORT-TERM FIX
Page 48 and 49: I N S U R A N C ET H E I N S U R A
Page 50 and 51: In terms of investment income, life
Page 52 and 53: 2.45%54.9432.71%2.04%44.1901.63%1.5
Page 54 and 55: S E R V I C E SIn order to provide
Page 56 and 57: T R A V E L S E C U R I T Y S . A .
Page 59 and 60: investment and financing policies
Page 68 and 69: I n f o r m a t i o n o n t h e c o
Page 70 and 71: The human team making up Grupo Secu
Page 72 and 73: D I R E C T O R S ’ A L L O W A N
Page 74 and 75: D I V I D E N D S P A I DThe follow
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Page 78 and 79: M A T E R I A L I N F O R M A T I O
Page 81 and 82: financial statementsunconsolidatedc
Page 83 and 84: I N D E P E N D E N T A U D I T O R
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