Argentines invest more than Uruguayans, according to the BCU

Argentines invest more than Uruguayans, according to the BCU

According to a study of the activity of investment advisers and managers, Argentines moved more than 14,000 million dollars in assets.

Photo: BCU

In the last year, they moved 28.930 million dollars through advisors and investment managers, of which more than $14 billion They belong to Argentine investors, although it represented a year-on-year drop of 14%, followed by the Uruguayans themselves and, in third place, the Brazilians.

He Central Bank (BCU) published this week a report on the activity of advisors and investment and portfolio managers where the amounts invested and money movements are specified, as well as the origin of the actors, of which the Argentines had a large participation.

The report arose from the record of 173 agents, of which 106 were investment advisors and 68 managers or advisors awaiting the license change process. The total number of clients during the past year was 36,170, including 23,025 Argentine clients, 4,781 Uruguayans, 1,868 Brazilians and 6,496 from other destinations.

The total assets that were moved are 28,930 million dollars, a 6% less than in 2021. Of that total, 14,734 million dollars were from Argentine investorswhich represented a year-on-year drop of 14%. In second place, there were their own Uruguayans with 3,176 million dollars, with a year-on-year drop of 28%. Brazilians obtained a year-on-year drop of 13%, moving 1,662 million dollars in 2021. Clients from other origins moved 9,357 million dollars and were the only ones that had an increase of 3% year-on-year.

According to the BCU report, the money placed was in instruments linked to stock indexes, investment funds, fixed income, structured products and other variable income instruments. For their part, the services provided by advisors and managers were the order channeling, discretionary management, referencing and advice.

Source: Ambito

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