Peruvian Securities Market
February 2020
1
Introductory Presentation – PeruGLOPAC /JFSA 2020Alberto Valdivia Ocampo
Asia
Europe
OceaniaPeru
North America
uPeru
Africa
Tokyo
6.9% Unemployment rate
$158,826.5 millions GDP
32 millions
Population
$73,501 millions Foreign debt
$6,571 Income
per capita
$6,469 millions Foreign direct investment net
1.9% Inflation
rate
In 2019, 35% of issues have maturities between 180 days and 1 year
In 2019, 62% of resources were placed to Banks and Financial Entities
In 2019, IPO was US$ 1,931 millions, 33% more than 2018
In the last decade, the average primary auctions were US$ 1,636 millions.
In 2019, from 104 issues, 32% were corporate bonds
Primary Market
3
500
700
900
1100
1300
1500
1700
1900
2100
2300
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Mill
ions
US$
1,931
1,447
Average 10y: US$ 1,636 millions
In 2019, trade value was US$ 5,473 millions, 12% less than 2018
From 34 securities in S&P/BVL Peru General Index, 10 belongs to Mining Sector and accounts for 29% of
market capitalization
As of December 2019, stock market capitalization was US$ 162 millions, 14% more than as of Dec 2018
Secondary MarketIn 2019, the annual yield was 6.1%
4
6,749
7,817 7,617
6,002 5,788
3,516
4,566
8,944
6,208
5,473
2000
3000
4000
5000
6000
7000
8000
9000
10000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
10y average: US$ 6,268 millions
38.3%
11.8%8.0% 7.1%
4.1% 3.6% 3.3%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
MERVAL S&P 500 SP / BVLPeru
IBOVESPA IPSA IPC COLCAP
Peru -10-year average yield: 8% (Second in the region)
10,701 Portfolio value (Millions US$)
435,847 Number of Shareholders
179 Number of Mutual Funds
13 Number of Managers
Mutual Funds
Collective Investment SchemesAs of Dec 2019, Mutual Funds managed US$ 10,701 millions, 21% more than 2018
5
1,278 Portfolio value (Millions US$)
1,969 Number of Shareholders
49 Number of Investment Funds
22 Number of Managers
Investment Funds As of Sep 2019, Investment Funds managed US$ 1,278 millions, 9% more than 2018
The managed funds and the number of shareholders has double in the last 10 years
$358
$1,278
8
49
0
10
20
30
40
50
60
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
2010 2011 2012 2013 2014 2015 2016 2017 2018 sep-18 sep-19
Managed Funds N° Shareholders
Superintendence of Securities Market -SMV
6
SUPERINTENDENCE OF SECURITIES MARKET (SMV)
SUPERINTENDENCE OF BANKING,
INSURANCE AND PENSION FUNDS
Fiscal Policy
MINISTRY OF ECONOMY AND
FINANCE Monetary Policy
CENTRAL BANK
Peruvian Financial Sector: Regulators
Government Regulators
PRUDENTIAL SUPERVISION
MARKET CONDUCTRISKS
R&D
4 Deputy Superintendencies
Superintendence of Securities Market (SMV)
REGULATION SUPERVISION EDUCATION
OBJECTIVE OBJECTIVE OBJECTIVE
Promoting thedevelopment of aorderly market
Ensuring that marketsare fair, efficient andtransparent
The protection ofinvestors
information dissemination
Supervised System
9
16 49 179 254
Securitized Pools / Assets InvestmentFunds Mutual Funds Listing Companies
1 51 7 3521Stock
ExchangeClearing
and Settlement
Credit Rating
Agencies
Securitization Entities Brokers
Fund Managers
Authorized EntitiesPublic Offering
+ 2 Price Suppliers
Dec 2019
Issues in the Peruvian Securities Market
SECURITIES MARKETNEW ISSUERS
FINANCIAL CONGLOMERATESRETAIL INVESTORS
CORPORATE GOVERNANCE
LIQUIDITY
Peruvian Securities Market
February 2020
11
Introductory Presentation – PeruGLOPAC /JFSA 2020Alberto Valdivia Ocampo