Mutual Investment Funds: the best options according to your risk profile

That is why, according to Bastante, among the funds that have grown the most in recent times are the money markets, which “are money funds”, for a very short-term investment horizon. In this regard, he points out that these have grown a lot hand in hand with inflation and that, although they were chosen exclusively by banks, today, companies not linked to banking groups also bet on this type of investment.

“Before, if a company had idle money available for 7 or 10 days, it kept those balances in bank accounts that did not generate returns, but today, with inflation of around 5 or 6% per month, all economic agents seek protect themselves against inflation, and one mechanism is to place these transitory surpluses in this type of funds, which have the advantage that they pay the ransom the same day”, details the specialist. Thus, Quite coincides in pointing out that the FCI money markt are the most conservative and short term, ideal for a low risk tolerance profile.

Medium risk profiles

On the other hand, if the period in which you are going to invest is longer and you are looking to obtain a higher return with a moderate risk, Carreras considers that the FCI Performance IIwhich invests in corporate fixed income assets, turns out to be a good alternative to diversify, since they have adjustment variables such as the exchange rate, the Badlar rate and UVA.

Quite, for his part, mentions that other funds that are growing lately are those that invest in corporate issuesbasically, negotiable obligations in the local market (funds in $), or hard-dollar funds, which invest in corporate issues abroad (basically large companies that can issue in foreign capital markets).

He points out that “these funds have prevailed in recent times due to the increase in Argentine country risk and the poor performance of local bonds in the last 3 years.” So much so that he even points out that funds that were set up from scratch and that invest exclusively in these instruments and other fixed-income instruments that were reconfigured and that replaced part of the portfolio in sovereign bonds with corporate bonds.

An interesting proposal, without a doubt, for a medium-risk investor, since it clarifies that “although, in general terms, these funds have performed well, they make a longer investment horizon compared to the money markets”, given that not all negotiable obligations have recurring prices in the markets.

Options for the most risky

And finally, thinking of a risky investor, or with “a bolder risk profile”and with a long-term investment objective, Carrera mentions that there is the possibility of subscribing to the FCI Performance Xwhich seeks capital appreciation through selected shares, where growth potential is prioritized, investing in some sectors of the economy, such as electricity, oil and other materials.

To which Bastante adds as a proposal the variable income funds (those who invest exclusively in shares and CEDEARs), and those of mixed income, which invest in both fixed and variable income instruments. “With the recovery that took place in the local market in the second half of 2022, this type of instrument was reborn again, although you have to be cautious,” he warns. And it is that, as we are seeing at this moment in which the world is facing a strong banking crisis in the United States, the actions are being hit hard and we will have to wait for the storm to pass to see how the outlook continues.

Other qualification of profiles, according to coverage interest

For his part, Sergio González, Head of Asset Management at Cohen Financial Alliesestablishes a different segmentation of investors: by the type of risk against which they want to cover.

“There are some who want to cover themselves against inflation and seek to control the purchasing power of their capital, others, against the evolution of the dollar, there are people who have dollars in their account, others want to follow the Merval, and so on. Accordingly, we suggest investments to them, ”he details.

And, in this sense, it describes that, for example, the one who wants to cover the purchasing power of its capital in dollars“we recommend the fund a Delta Management IX or Compass Fixed Income IIIwho have a portfolio that will allow them to meet their objective”.

Meanwhile, for those seeking beat the fixed term, Delta Savings, which has this type of investment and is a good option because you do not need to wait 30 days to have liquidity, it is the best option. And, “to those who tell me they want to beat inflation, we offer FCI Balanz Institucional, which is a large fund that invests in inflation-indexed debt, basically in CER instruments.” It stands out that this fund usually beats the price index and gives good monthly returns, unless unusual events occur in the economy.

As for the ActionsGonzález agrees with Basita in pointing out that it is a field that has been very fashionable in the last four months and, in this sense, it is interesting to Delta Natural Resources. “This one is very oriented to commodities and has good management. We trust the analysis that is done for the assembly of the portfolio of this fund ”, she assures.

And finally, for those customers looking to beat the dollar inflationthe Cohen analyst recommends that, “since demand dollars lose purchasing power, there is an alternative that is Compass Fixed Income, adjusted for risk, and which is managed by a very interesting international credit analysis team.”

FCIs: An increasingly chosen instrument

The truth is that, according to analysts and advisers, mutual funds are instruments increasingly chosen by FCIs. “The corporate investor trusts them a lot and, although, the retail, a little less, little by little and, as technology reduces costs and makes information social, the retail investor is getting closer”, says González.