CEDEARS
These stand out among equity options as many offered great returns in the early days of the year. CEDEARS allow access to shares of companies listed abroad through pesos. These titles also offer coverage based on the behavior of the dollar counted with liquidation. Among the most tempting in terms of performance is positioned that of Google, which have a low valuation compared to the returns it offers. Something similar happens with Tesla, which returned to trading on Wall Street above US$200 per share, advances 70% in the annual accumulated, and 96% from its lows in January.
Indices
The international indicesalso known as ETFs, group several companies according to sector or specific characteristics that they possess. These indices can be purchased through Cedears and in pesos. The two most popular indices are the S&P500, which is accessed through the SPY, one of those with the largest number of assets and operations, and the Dow Jones (DIA) made up of 30 shares of US companies and one of the oldest indices in the market.
CER Bonds and Treasury Bills
The CER bonds They offer attractive returns as they offer growth above the inflation rate. You can also access letters adjusted by CER or dual bonuseswhich offer the possibility of also obtaining returns due to the appreciation of the exchange rate since it is adjusted by the evolution of the official dollar.
These instruments in pesos had some falls during the past week after Juntos pro el Cambio questioned the sustainability of the debt in pesos
The Treasure letters They offer a return generally above inflation. An attractive option may be the discount bill due April 2023 (S28A3) which offers a monthly yield of 6.3%. The data that will be released this Tuesday on inflation in Argentina is expected to be below 6%.
Mutual funds
Most of the Common Investment Funds (FCI) are from fixed rent, but there are also variable income. As for the fixed terms, they are quite similar to the FCI, except that in this case, it is always fixed income and it is known in advance how much money will be obtained at the end of the term. A point in common is that both have a low risk.
- In the FCI, there is usually no minimum placement time and in the cases that do exist, it does not usually exceed 72 hours, making them an alternative for short periods of time.
- Yield: there are several types of FCI, those with a high yield are those where the risk is higher (for example, those of equities). The objective is to achieve a rate equal to or higher than a fixed term, with a short duration portfolio (which should contain volatility), prioritizing short-term instruments, and the necessary liquidity required by a fund with availability the next day.
Fixed deadlines
They are the most widespread option among small savers as they are easily accessible and offer a profitability above the inflation rate and they are of relatively limited terms since on average they are for 30 days. With the rate of Central Bank located at 75% annualthese instruments offer a monthly gain of 6.3% and an effective annual rate of 107.5%.
There are also UVA fixed terms, where the amount in pesos invested by the saver is transformed into UVA, a measure of value that the Central Bank sets daily. The same It follows the Reference Stabilization Coefficient (CER), based on the consumer price index published by the National Institute of Statistics and Censuses (INDEC) every month, which measures inflation.
The purpose of the UVA is to preserve the currency value of the contracts. So, if inflation in Argentina increases, so does this Purchasing Value Unit. Banco Provincia offers the possibility of investing in a pre-cancellable UVA Fixed Term, with UVA yield + 1% (that is, the variation in the value of the UVA during the validity of the fixed term plus 1% TNA) at 90 days, which ensures a positive real yield against the increase in the prices of goods and services.
Source: Ambito
