Investment Funds in El Salvador
Open and closed funds
| Open fund | Closed fund | |
|---|---|---|
| Units | Investors can subscribe and redeem units at any time, under the fund rules | Fixed number of units placed on the stock exchange; investors exit by selling them |
| Minimum participants | 50, or 10 when one is an institutional investor | 10, or 2 when one is an institutional investor |
| Typical use | Liquidity and short to medium-term savings | Real estate, private companies, venture capital and longer-term strategies |
| In August 2026 | 7 funds, USD 708.9 million | 12 funds, USD 1,507.4 million |
Source: Investment Funds Law, Decree No. 776 of 2014 (SSF, PDF, in Spanish); SSF: Monthly and daily publications on investment funds1,3
The fund managers
- SGB
- Atlántida Capital
- Hencorp
- Banagrícola
Source: SSF: Monthly and daily publications on investment funds3
The SSF publishes monthly and daily data for each fund, including assets, returns and unit values. Check that a fund appears there before you invest.3
Key rules
- Minimums: from 25 January 2025 to 24 January 2027, a fund manager needs capital of at least USD 592,241, and each fund must reach minimum assets of USD 414,567. The SSF updates these amounts for two-year periods.
- Separate assets: the fund is a separate pool from the manager's own assets.
- Foreign funds: they may be marketed in El Salvador only through a local fund manager registered with the SSF (articles 111 to 113 of the law).
- Venture capital: closed funds can be set up as venture capital funds that invest in unlisted companies; see the startups and venture capital guide.
Source: Investment Funds Law, Decree No. 776 of 2014 (SSF, PDF, in Spanish); SSF: Updates of legal parameters1,2
Frequently Asked Questions
How are investment funds regulated in El Salvador?
Funds are governed by the Investment Funds Law of 2014, run by authorised fund managers (gestoras) and supervised by the Superintendency of the Financial System (SSF).
How many investment funds are there?
In August 2026 there were 4 fund managers and 19 funds, 7 open and 12 closed, with USD 2,216.3 million in assets.
What is the difference between open and closed funds?
In an open fund investors subscribe and redeem units at any time. A closed fund has a fixed number of units placed on the stock exchange, and investors exit by selling them.
Sources
- Investment Funds Law, Decree No. 776 of 2014 (SSF, PDF, in Spanish)
- SSF: Updates of legal parameters (in Spanish)
- SSF: Monthly and daily publications on investment funds (in Spanish)
Figures checked 8 November 2026. Prepared by InvestSalvador.com for general information. It is not investment, tax or legal advice; please confirm details with a qualified adviser before acting.
