After eL JP Morgan will publish a hard report in which he advised Close “Carry Trade” strategies For fear of going up the dollar, as happened on the last day, market specialists began to recommend Other more “safe” strategies to generate yields in dollars.
“With the seasonally positive situation to end and the elections on the horizon, we prefer to take profits and wait for better entry levels to return to position in the local bond market in pesos,” the specialists detailed.
In the next wheel, The wholesale dollar grew to $ 1,231while the officer rose to $ 1,245 per unit, the highest range of the year. Meanwhile, the MEP finished the wheel at $ 1,237 and the CCL concluded at $ 1,241.
In this framework, the General Council of the City experts is now quite simple: convert pesos into dollars and then place capital into options that generate returns into hard currency.
A classic alternative in dollars to “Carry Trade”
“Some alternatives to obtain yields today include sovereign bonds such as Bonar 2030 (AL30), which pays approximately 12% per year, and negotiable obligations (ON), where rates close to 8% are achieved,” said the independent financial advisor Mariano Monferini.
According to the Executive, another more interesting strategy is to opt for common investment funds, which allow diversifying with low capital and enjoy professional management.
“There are options with yields of around 8% and lower local exposure, such as Galileo Event Driven or Compass Mixed rent in dollars. For more conservative profiles or that look for less volatility, there are the Short Duration funds such as Schroder Total Return Four, which pays about 4%, and dollars in dollars, which pay between 2% and 3%. Also the Money Markets in dollars in dollars. An alternative for conservative profiles or to handle short -term liquidity, ”added Monferini.
The market is committed to quality titles
For its part, the consultant and technical analyst Abel Cuchietti He reported that his priority would be in YPF corporate bonds, which offer an internal return rate (IRR) between 8% and 8.5% after the recent casualties due to the judgment of Judge PRell.
However, the expert also emphasized the importance of diversify between titles from other first -line companiesas Vista Energy, Telecom Argentina, Pan American Energy, Genneia and even Argentina 2000 Airports.
And to obtain a higher performance, Cuchietti also prioritizes the AL30. “Practically half of amortizations and coupons of what this government is paid until 2030, and we know what you want to fulfill, you want to do things well. It is almost bordering 13% performance at this time,” he explained.
Source: Ambito
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