Seeking to make more alternatives available to investors within this segment, the CNV recently approved two new Cedears programs -promoted by Banco Comafi- one with the underlying of international shares, and another with that of ADRs, confirmed sources from the regulatory body to Ambit.
In the first program, they appear 9 CDs of the following companies:
twilio. Platform that enables software developers to integrate messaging and communications functionality into new or existing applications.
CoinbaseGlobal. Leading provider of financial infrastructure and technology for the crypto economy. It offers exchange services between cryptocurrencies and fiat currencies in around 32 countries, as well as storage and management of digital assets in 190 countries worldwide.
S&P Global. Provides data and benchmarks to capital and commodity market participants. S&P Ratings, which comprises more than 40% of the company’s revenue and more than 50% of the company’s operating income, is the world’s largest credit rating agency.
American Airlines. American airline based in Fort Worth, Texas. Operates scheduled flights on an extensive network of domestic and international routes in North America, the Caribbean, Central America, South America, Europe, Asia and Oceania
LamResearch. It produces equipment used to make semiconductors. It focuses on the etching, deposition, and cleaning markets, which are key steps in the semiconductor manufacturing process, especially for 3D NAND flash storage, advanced DRAM, and cutting-edge foundry/logic chip manufacturers.
Electronic Arts. American video game developer and distributor company, founded by Trip Hawkins in 1982 in San Mateo, California.
General Motors. Company dedicated to the business of motor vehicles and bodywork. It grew out of the bankruptcy of General Motors Corp. (formerly GM) in July 2009. GM has seven brands and operates in four segments: GM North America, GM International, Cruise and GM Financial. It has under its range of brands the renowned Chevrolet firm.
DOW. It is dedicated to the manufacture of chemical products. It combines science and technology to develop innovative solutions that are essential for human progress. The Dow portfolio is comprised of six global business units, organized into three operating segments: Performance Materials and Coatings, Industrial Intermediates and Infrastructure, and Packaging and Specialty Plastics.
XP. Technology-driven financial services platform based in the Cayman Islands. The company evaluates its business through a single segment, such as monitoring operations, making decisions about the allocation of funds, and evaluating performance. Generate income through brokerage commission.
On the other hand, the second program includes three Cedears from:
Andean Bottler. Chilean company dedicated to the production and distribution of soft drinks, energy drinks, isotonics, bottled water and juices. It has the franchise to produce, distribute and market Coca-Cola products, being one of the three largest bottlers of this soft drink in Latin America. In addition, the company markets and distributes beers and spirits in some of its operations, as well as energy drinks from Monster Beverages.
NIO. Global multinational company headquartered in Shanghai, China, that designs and develops high-performance electric and autonomous vehicles.
Be Limited. Consumer internet company, originally from Singapore. It has an integrated platform across various divisions, Garena in digital entertainment, Shopee in e-commerce, and SeaMoney in digital financial services, and is the market leader in the territory.
“The interesting thing about these 12 assets is that they expand the possibility of investing in some sectors or industries that have aroused interest in the investment community. However, it is important to note that the equity market is currently going through a challenging scenario due to at the beginning of a more restrictive monetary policy by the United States Federal Reserve”, comment Maximilian Donzelli, Head of Research at IOL.
After what had been a 2021 with outstanding returnsthe market took a drastic turn in the first half of 2022 and now volatility has gained much prominence in the main indices.
By virtue of this, before starting to take a position in these new Cedears, the ideal, perhaps, would be to wait for the volatility to reduce on Wall Street, suggests Donzelli. For this to happen, the market expects inflation in the United States to begin to show clear signs of slowing down, so that the Federal Reserve has the margin to have a less aggressive monetary policy.
Of the 12 new Cedears, which are the most attractive?
Among the most attractive, stands out childthe Chinese manufacturer of electric vehicles. “The interesting thing about the arrival of this asset is that it will allow us a new alternative to invest in the electric car industry, something that, until now, can only be done through Tesla. In this case, it is a company that is committed to luxury models and that has had strong growth in recent years”, points the Head of Research at IOL.
On the other hand, with regard to electronic commerce, the Cedear of Be Limited, a company that is relevant to both ecommerce, the financial services business and digital payments, and even participates in the video game industry.
In addition, it is interesting the arrival of coinbasethe exchange platform cryptocurrencies. “Despite the fact that it is not currently the best time for this type of asset, it is a sector in which there were not many ways to invest in it through the local financial market”He says Donzelli.
Another Cedear that stands out in the market is that of General Motors that, unlike the previous ones, it is a company already consolidated at a global level and is an asset with a profile that is not as aggressive as the companies mentioned above.
Source: Ambito
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