FUND MANAGEMENT AdministradoraGeneraldeFondosSecurity(AGF)isthefundmanagementsubsidiary ofBancoSecurity,companythatowns99.9%ofitsproperty. AsofMarch2018,AGFSecuritymanaged USD5.8billioninassets,withmorethan 49.000investors in 30mutualfundsand 16closed-endinvestmentfunds. Thecompanyhasover25yearsmanaginganddistributingfundsinthedomestic market. Since2007thecompanyhasbeenastrongparticipantinthemanagement ofinstitutionalfunds,forbothdomesticandforeigninvestors,anicheinwhichithas achievedarelevantposition, nowrepresentingaround30%ofAGFassetsunder management. 17