Market analysts They are recommending to investors, take caution the ads made by the President of the United States, Donald Trump, Increase in tariffs. In that context, Latin America was one of the least harmed regions Because it is an area that generally has commercial deficit with that country.
“In Latin America You have to continue being conservative. I think we are going to have opportunities in the share market, but in these first minutes of the party you have to enter calmly and see what happens before making decisions, ”they point out from ADCAP Financial Group.
ADCAP analyst Jorge Harker He pointed out that “Latin American countries ended up suffering less because the United States trade balance with many Latin American countries is positive.”
“Saying this, 10%was applied. That is a medium -term advantage where many industries will suffer, But they will suffer less than the rest of the world. We will see if we are able to meet the demand for products to the United States with our productive apparatus since the cost of producing here will be lower, ”says Harker. In that context, the analyst recommends a portfolio of investments it has:
- Gold: 15%
- Bonds: 45%
- Defensive actions: 25%
- Tech: 10%
- Cash: 5%
“In defensive actions we suggest those linked to public services, medical care and basic consumer goods such as Johnson & Johnson, Coca-Cola Co, Procter & Gamble, Pepsico, Costco and Berkshire Hathaway, ” The analyst points out.
Short Lecaps for Conservative Profiles
For its side, Matías Waitzel, President of At investments, He considers that the scenario is that of “a local market that combines uncertainty for how the agreement will be given with the IMF, tactical opportunities and a macro still challenging but mostly constructive, in that sense proposes.
- For those who seek to manage Short -term liquidity, Lecaps with maturities until June They are still the most efficient tool, offering attractive rates with low risk.
- In positions of longer term, they suggest adding dual bondsthat allow to maintain coverage both fixed or tamar rate.
- For Conservative profiles, the key is in greater weighting in Lecaps, minimizing exposure to larger instruments.
- Dollar portfolio: Given the volatile context, they consider that it is a good time to position themselves in negotiable obligations (ON) in dollars, which offer attractive yields with bounded corporate risk. They mention Telecom (FTA), with a IRR near 8.5%, E YPF (YMCXO), with a IRR near 8%.
Menu for more aggressive profiles
The analyst of At investments Point out the following menu for seeking some risk:
- Sovereign bonds and actions with relative value. For investors willing to assume more risk, they see value in combining sovereign bonds such as Al30 (short -term flow) and The GD35 (parity rise potential).
- Oil & Gas Sectors, such as YPF and Pampa Energía, benefited by its strategic and exporting role.
- Banking sector, with tactical bets in Galicia (Ggal) and Supervielle (SLE), that offer very attractive valuations if the context stabilizes and continues to increase credit
Los Bopreal: Another investment option
For its side, IEB Invest online It suggests bonds for the reconstruction of a free Argentina (Bopreal) expiration 2026.
In this case, “This is series 3, which is expired on 05/31/26, and amortizes in 3 quarterly installmentspay from Nov-25 to May-26. Pay quarterly interests at a rate of 3% per year. Currently, it has an annual yield of 8%, with a duration of 1.82 years “IOL recommends.
The Bolsa Society considers that “its Low volatility in the price, Together with an imminent recapitalization of the central, they make it a short -term bonus in an attractive dollars for the investor. ”
The entity also suggests investing in common investment funds of dollarized assets, or in funds that have Brazilian bonds and titles.
Source: Ambito
