The market migrates to “safer” but profitable: what opportunities do you detect?

In recent months, Some Argentine bond issuer companies decided restructure their debt or even entered into default. Given the situation, investors began to migrate to Sater negotiable obligations, not forgetting profitability. Now, what are the most demanded assets in this context?

According to the financial advisor Fernando Villarthe key to finding these titles within the huge range of options that is negotiated in the local stock market is in Analyze the balances of the different companies.

“You have to be very, very selective. It is very important, based on the latest events, analyze in depth both balance and liquidity of short and medium -term companies to establish well the level of security that a company has to be invested,” he said.

The most profitable on

Then, the Executive indicated that one of the safer long -term alternatives is the Energy Vista 2035 (VSCTD)that semiannually distributes an income that is equivalent to 8% per year in dollars. And a similar but smaller bonus would be the PAN American Energy 2027 (PNDCD)which pays 6% a year also distributed in semiannual coupons.

Meanwhile, Villar argued that those investors who want to diversify a little and leave the energy sector could bet on the TELECOM ARGENTINA 2028 (TLCOD)which at this time quote with an internal return rate (IRR) in dollars of the 7.5%approximately.

“I think it is convenient to buy is above the tender that is about to leave this week, which is waiting for a similar rate. This has a relatively close and comfortable expiration for the average investor,” he added.

Finally, he referred to the negotiable obligations of IRSA and Cresudwhich have an average risk, help diversify and allow obtaining rates between 7.5% and 8% annual in dollars “comfortable.”

Corporate bonds for different profiles

For its part, Justina GedikianFixed Income Strata in Cohen Financial Allies, said that, In the short section of the yield curve, it is privileging corporate bonds with local lawas Tecpetrol 2026 (TTC7D)which offers a tir of 5.6%, or YPF 2027 (YM35D)which has a 6.8%yield.

And as soon as they were issued under the Law of New York, the expert highlighted the YPF 2031 (YMCUD)guaranteed by exports, with a tir of 7.2%, and the TELECOM ARGENTINA 2031 (TLCMD)that yields 8.6%.

“The on issued under foreign legislation have higher yields against their local peers. This responds, in part, to the highest regulatory standards required by international law at the time of issuing debt, which results in greater legal protection for the creditor. In turn, these instruments are usually tendered with more attractive rates, in line with the demands of the international market, ”he said.

Also, analysts of Personal investments portfolio They dared to recommend A somewhat riskiest optionthe MSU Energy 2030 (RUCDD)which has a 12.2%IRR. However, they level their private fixed income portfolio with the Aluar 20236 (LMS9D)which is negotiated with a yield of 8.5%.