Fynsa
The IPSA, hovering near 10,000 points, is trading at a discount, and there are several selective buying opportunities. The local fixed-income market is returning to an acceptable level: there are bonds with a YTM of UF + 2.5% that offer very high credit quality.
With the presidential election results still undecided, Peruvian markets are reacting cautiously but without major fluctuations. The strength of its institutions and its macroeconomic track record remain the most compelling factors for foreign capital.
A well-constructed conservative portfolio does not rely on a single asset to perform well.
International weather models predict a nearly 90% probability that an El Niño event will develop this winter, with an intensity that could be the strongest in more than a decade. For an economy that is already starting off on a weak footing in 2026, the timing could not be worse.
