Diversificación del portafolio de los fondos de inversión administrados en el Ecuador : análisis de los instrumentos financieros disponibles y su rentabilidad 2021-2024, y el papel de los ETF como alternativa emergente.

Abstract

This study analyzes the diversification of investment fund portfolios 2021-2024, base don the available financial instruments, their profitability, and the role of ETFs as an amerging investment alternative. The objective is to examine the leve lof diversification of the studied portfolios in the Ecuadorian stock market. Methodologically, it was developed under the post-positivist epistemological stance and with a qualitative approach. For the análisis, available information on managed investment funds was used according to the economic sector, type of financial instrument, risk rating, and profitability. To complete the análisis, interviews were conducted with professionals from the stock market, resulting in a high concentration of portfolios in fixed-income instruments and productive sectors, highlighting the structural limitations of the market, such as the reduced number of issuers and the limited supply of instruments. Therefore, it is suggested that the development of alternative instruments could help strengthen and energize the Ecuadorian stock market.