Given the excess pesos in the economy, many investors decided to stop using the fixed term– which leaves the money retained for 30 days – to a different option that allows the different variables of the economy to be covered. This option is the Mutual funds and recently they recorded an increase in their portfolios of $820,000, according to Consulting Firm 1816. Recently, analysts noticed a passage of those funds adjusted by the variation of the official exchange rate to those adjusted for inflation. Because?
FCI: why inflation-adjusted ones are the most chosen
“In the market of Mutual funds, those that include CER assets versus dollar linked funds: in the FCI CER there are subscriptions consistently, while in the latter rescues are given. This means that the market begins to exit the coverage against him dollar -after the devaluation-, and begins to position itself as a hedge against inflation,” states Adcap Grupo Financiero in its latest report.
According to a survey of Personal Investment Portfolio (PPI) Among portfolio managers, 60% of the market expects the Government to be able to maintain the official dollar at $365 until after the elections and more than 85% believe that the Cash with Settlement It will be at $800 by that time.
The economist and investor Diego Martínez Burzaco points out that “after the dollar overshooting After the devaluation, it is believed that the speed of inflation will be greater” and that is why there is a greater demand for CER adjustable bonuses Short-term. Martínez Burzaco suggests that the question for administrators is to know how much and when the official dollar is going to move again to jump back to the bonuses linked to the dollar.
How to invest in a Common Investment Fund
The Mutual funds They are packages of investments designed and managed by experts. These are portfolios made up of different types of financial assets: such as stocks, bonds and other income instruments.
When you enter a Common Investment Fund you are buying small parts of the background, these parts are called quotas. There are two basic types, according to the law, open and closed.
“The open ones are those that are subscribed and redeemed during market hours (10 a.m. to 3 p.m.) at the closing price of the value of the shares on the day of redemption or subscription. These funds are open because the amount of money invested is not fixed but varies with the money invested,” Vicien added.
“Redemption” is called the exit of the investment. Usually, rescues are credited in different periods depending on the fund in question: it can be immediately, in 24 hours or in 48 hours. In the case of the Mutual funds cerated, as there are a limited number of quotapartsa counterparty is needed to subscribe or rescue.
Among the advantages of investing in a Common Investment Fund they are found to be insurance, there is a diversification in investment and are regulated and controlled by the National Value Comission. The investor can have their money when they need it, not having to wait for a maturity period for their investment, plus they are easy to access and simple to operate.
It is also important to highlight the disadvantage that FCIs represent and that is that they imply more risk than a fixed term. The percentages of cost effectiveness of the funds are estimates, which does not imply that they are actually met to the letter, unlike the fixed terms in which the interest is already pre-established.
How to subscribe to an FCI
It is necessary to have a Client Account which can be managed in a bank or stock broker. It is an account that has no cost and is used by the Fund Management Company to record investments; there the quotaparts.
Source: Ambito
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