Fynsa
The private credit market faces a more challenging landscape in 2026, characterized by greater selectivity, lower liquidity, and a more demanding financial environment. However, attractive opportunities continue to emerge in Chile in segments where traditional banks have reduced their presence, particularly in infrastructure, energy, and corporate financing. For investors with a long-term horizon, the market now offers better structures, competitive spreads, and a growing focus on credit quality.
The strategy has outperformed the market with lower volatility, validating a thesis that continues to be supported by attractive spreads, solid fundamentals, and ongoing opportunities in Chilean corporate bonds denominated in USD.
In the fixed-income market, we continue to recommend a strategy that is heavily weighted toward the UF index. Meanwhile, we believe that the recent adjustments in the equity market present a good opportunity to position oneself for the remainder of the year.
McKinsey identifies that changes in trade policies are now the main global disruptor. In Latin America, this trend threatens key exports, forces a rethinking of value chains and stretches institutional adaptability.
