The Central Bank established a new regulation for precacelable fixed deadlines that make up the Common investment funds Money Market.
He Central Bank (BCRA) He made a decision that will affect the yields of the common investment funds (FCI), added to the loss of rates. Through the Communication A8189he Central Bank established a new regulation for precacelable fixed deadlines that make up the common investment funds Money Market. According to the regulations, these fixed deadlines must be treated first as Term deposits And then like Sight deposits.
The measure implies a change in Bank lace corresponding to these deposits. Previously, the lace was 25% and could be covered with Bonuses or eligible letters. However, with the new regulations, the lace was reduced to 20%, but now it must be fulfilled in cash.
These funds, which become popular with the expansion of digital wallets And in a high inflation context, they offer daily yields and allow the money to be removed at any time of the day. They are composed of traditional fixed deadlines, precacelable fixed deadlines, remunerated accounts and Cautionsinstruments that recently suffered modifications that caused a decrease in rates.
Fixable fixed deadlines They are a tool used by Money Market funds Because they offer a rate of performance ensures for 180 days without losing liquidity, thanks to the precacelling option. However, now that banks They must comply with the lace of these fixed terms in cash instead of public titles, the costs increase.
The immediate result of this change is that financial institutions began to decline the precacelable fixed deadlines, or are offering them to Non -attractive rates. This situation will lead to a Reduction in duration of the wallets of the funds Money Market.
To this factor is added the recent Low in the interest rate of monetary policythan the Central Bank cut from 32% to 29% TNA (Annual nominal rate) Thursday night. The next day, the main banks also adjusted the rate of the fixed retail deadlines to 30 days, reducing it from 28% to 25% TNA On average, what directly impacts the Common investment funds of immediate liquidity.
FCI: Which ones have better performance after rates
- Ulá: 28.15% TNA
- Balanz: 27.25%
- Banza: 27.17%
- ICBC: 27.12%
- Supervielle: 27.05%
- IEB: 27.03%
- Macro: 25.11%
- Galicia: 24.7%
- Savings coconuts: 23.66%
Source: Ambito
