What happens to the Common Investment Funds (FCI) Money Market
Money Market funds, composed of paid accounts, fixed deadlines of multiple maturities and ciones, Now they pay an interest of 30% annual nominal. In parallel, the rates of other financial instruments, such as Lecaps,They jumped. The same happened with the dollar, which grew by 13.6% only in July.
And, in addition, the Central Bank of the Argentine Republic (BCRA) arranged Duplicate the Lords of Money Market funds from 20% to 40%which will reduce the performance that depositors perceive even more.
However, the FCI Money Market are still extremely relevant in the current market. In fact, according to the Argentine Chamber of Common Investment Funds (CAFCI), these funds are the largest net worth, with $ 39.32 billion, over a total of $ 65.10 billion.
What alternatives are in the midst of pressure on the dollar and rates
Even so, the specialists believe it is time to migrate to fixed rate titles issued by the Treasury if the objective is to protect the capital beyond a few days.
“In my personal opinion, several months ago already Money Market funds are not the most efficient strategy investment for natural persons. I only recommend using them for the expenses of the month, ”said the ideal financial advisor Martina del Giudice.
“With recent movements in fees, for funds in pesos designed more than two months, we should already think about fixed rate instruments, assuming some more risk, but yielding between 2.5% and 4.1% of the monthly effective rate, according to the expiration of the instrument,” he added.
For its part, the consultant Omar de Lucca He explained that, with the last tender of the Treasury, in which an annual rate of 65% to renew 75% of the maturities was validated, it was clear that the Government prioritizes low inflation and exchange stability, although the cost of credit is increased and consumption is further rolled up.
“Interest rates, at least until October, will be maintained on a very positive land in real terms”Said the specialist.
For this reason, Giudice directly advised Observe the LEPAPS with expiration prior to the electionsthat is, until October, that they yield a monthly 3.6%. Or use their respective funds.
Source: Ambito
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