With the aim of offering its clients and clients an investment portfolio according to their expectations and the risk they want to assume, The General Assistant Manager of the Finance Area of Banco Provincia recommended three types of portfolios to invest: a conservative one, a moderate one and an aggressive one.
To find out the type of investor that each saver is based on the money they are willing to use, the terms they can tolerate and the risks they want to assume, Banco Provincia offers a TEST simple and fast that allows to determine in which category each one is located.
CONSERVATIVE PROFILE
You don’t want to take big risks. It seeks to preserve the capital and have immediate availability of the money invested. It tends to choose alternatives with low volatility and short duration.
Suggested portfolio:
- Traditional Fixed Term, which offers a nominal annual rate (TNA) of 75%, allows obtaining an effective annual rate (TEA) of 107% for 30-day deposits of up to 10 million pesos. It can be done in simple steps from the Provincial Internet Banking (BIP).
- Fixed term UVA precancellable, with a CER + 1% yield at 90 days, ensures a positive real return. Also available in BIP.
- Common Investment Fund 1822 Raíces Savings Pesos. It offers immediate liquidity because it can be redeemed on the same day. In investor jargon, these types of funds are known as money market. It is a tool whose use is constantly growing, because although it offers interest below a fixed term, it does not require immobilizing the money for 30 days.
In order to invest in a Common Investment Fund (FCI), clients must have a “partista quota” account, which can be opened simply and quickly from BIP.
MODERATE PROFILE
Look for moderate capital appreciation. Unlike the conservative profile, he is willing to invest for a longer period of time, but without incurring too many risks.
Suggested portfolio:
- Staggering of Traditional Fixed Term or UVA, in such a way that they expire on a monthly basis. The minimum tax period for a UVA fixed term is 90 days, but three staggered operations per month could provide a monthly flow of capital.
- sovereign debt bonds with maturities prior to the 2023 presidential elections. TX23 stands out, at levels of CER+4%, but with high parity. It is a national public security issued in pesos adjustable by CER, with a maturity date of 03/25/2023.
- Bills of the Treasury of the province of Buenos Aires. The last issuance in November validated an Annual Nominal Rate of 85% at 90 days.
- Argentine shares through the Common Investment Fund (FCI) 1822 Raíces Valores Negotiables. These are assets of local companies listed on the Stock Exchange. An option thinking in the medium term.
We must not lose sight of In order to invest in the capital market, it is a requirement to have a principal account or investment account.. It is similar to the cuentapartista quota, but in this case it is used to buy bonds and shares. It can also be requested from BIP.
The balance and movements of money and negotiable securities are recorded in the principal account. Unlike a sight bank account, the principal account has movements of species (bonds and/or shares) and money. It must be associated with a bank account.
AGGRESSIVE PROFILE
The main objective is to maximize the performance of the portfolio. For this, it is necessary to assume a higher level of risk and a long-term time horizon, which allows the recovery of eventual capital losses immediately.
Suggested portfolio:
- sovereign bonds tied to the dollar. Interesting long-term alternatives such as AL35 and AL38 bonds, with a yield of around 13.5%.
- CER-Adjustable Bonds. The TX26 Bond is recommended, at levels of CER+18%. In this case, you pay the inflation level plus 18% of the bond rate.
- For those seeking foreign exchange coverage, the dual TDF24 voucher, in levels of CER + 12%, with exchange insurance. At maturity, it pays the greater value between devaluation and CER + 3%.
- Shares of the S&P Merval panel, through the Common Investment Fund (FCI) 1822 Raíces Valoreswith a medium/long term investment horizon.
Those who wish to obtain more information about the different investment alternatives offered by Banco Provincia can contact their Investment Center by mail at administraciondecarteras@bpba.com.ar or by phone through 0810-222-2776 option 2 > 7.
Source: Ambito
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