He said there is a very large mass of weights at this moment and Cocos is going to compete in that segment with this product in a market in which “people often do not know that they obtain profitability from a fund, as happens with virtual wallets.”
How the Cocos Ahorro fund works
The markets expert and CEO of Cocos Capital explained that This type of instruments has the advantage that they are managed by a Portfolio Manager and that gives an interesting degree of tranquility to the investor, who does not have to be aware of the evolution of their assets. Likewise, he explained that income from Money Market Funds is in line with the pass rate set by the central bankwhich is 85% right now.
“In line with the repo rate for funds, at this time, our instrument yields between 85 and 90%around 88%, so you have to calculate 0.241% per day. That is, with $1 million, the investor can earn about $2,400 a day,” explained Sbdar.
He anticipated, on the other hand, that, for the first 500 clients to subscribe to the Cocos Money Market fundan extra return of 2% of the investment was provided, so the first month’s profit will be greatly improved.
On the other hand, he pointed out that “The idea is to offer the client a family of fundsgiven that we have approved three more, which we will gradually launch.” And he announced that They aim to launch a common investment fund in dollars. That will be Cocos’ next announcement, as reported.
Source: Ambito
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