In what to invest dollars and weights in September compared to electoral volatility

September will be a key month for the Argentine market: On Sunday 7 there will be legislative elections in the province of Buenos Aires and the countdown to the national elections of October 26 is accelerated. In this scenario, specialists warn about the volatility that is coming and point out which are the best alternatives for Invest the weights.

Experts recommend investing in pesos and dollars

According to the financial analyst and advisor Mariano MonferiniSeptember is, more than anything, a transition month to October, So the choice of assets should happen after the new members of the Congress are voted.

“There are two very likely events, who wins: a decrease in the interest rate and an upward adjustment of the exchange rate. In this context, extend duration in bonds Cer It is still an attractive alternative while the real rates are maintained above 20%, to obtain a gain in Spread’s compression. At the same time, it is also dollarize part of the portfolioit can be through the Bonar 2030which returned to yields close to 15% per year in dollars, “he explained.

For Monferini, If the ruling does not achieve good performance, the defensive strategy should be greater dollarization, via offshore fundsto reduce exposure to Argentine risk. However, if the government obtains a good result, The market could reward local assets. “In that scenario, the Argentine Variable Incomedriven by the expectation of a change of course and a low rate. Actions funds are a good vehicle to gain exposure to Merval, “he said.

For its part, the consultant Fernando Villar He provided two recommendations according to the investor profile. “The conservative profile clearly has to have the portfolio via more dollarized High quality negotiable obligations. In turn, you can also have some CER debt In 2026 bond portfolio, which are performing inflation plus 25% in general and they are likely to have rates compression, “he said.

Aggressive strategies

Instead, Villar agreed that the most moderate or aggressive profiles could take advantage of invest in the S&P Mervalthat there is a 30% down in dollars So far this year. “Some possibility of some electoral trace arises where an investor who wants to speculate could have some Argentine shares in the portfolio,” he said.

Finally, he clarified that savers who want to put their weights to work in the very short term, for a maximum of 10 days, then they should go for the stockcourthat yields more than 50% annual nominal rate (TNA).

Meanwhile, Bruno PerinelliChief of Trading in Global Investor, said that the riskiest investors can Make “Carry Trade”contemplating that the dollar remains in the current range of $ 1,350 and interest rates are high.

“It is a high -risk opportunity. I would lean more than anything for the bonds, for inflationary coverage, because they offer very high rates in historical terms and for the payment chances as they are instruments in short -term pesos. It is a possibility that can be done, I would say, with a small portion of the portfolio, with which one would not have to be extremely exposed,” he concluded.