Goodbye fixed term: which are the Cedears most recommended by experts

Goodbye fixed term: which are the Cedears most recommended by experts

He fixed term The dollar was in disgrace after the Central Bank (BCRA) decided not to update the rate since May, when it took it to 40% nominal annual rate (TNA), which is equivalent to 3.3% monthly, and deregulated the yield that banks pay to savers for this instrument. Now, with inflation slowing down and an upward adjustment of the interest rate made by some entities, it is becoming somewhat attractive again, but many investors are looking to diversify their investments and dollarizing a part of it is one of the preferred options for many. In that case, the Cedears are a very popular alternativebut which ones are preferred by those who know the most about the subject today.

As they say, Every crisis is an opportunity And the fall in the markets that was seen on August 5 was no exception. “In recent days we have been observing a ‘bull-run’ in the international markets, a product of the buying opportunity that had been generated by the rise in interest rates by the Bank of Japan,” he told Ezequiel Estrada, director of Poncho Capital.

Cedears: the financial crisis, an opportunity

Let us remember that this measure generated that The country’s stock market closed that Monday of the financial crash with a 12% drop and this pessimism spread to the rest of the markets. In this context, Estrada points out that “the technology sector was the hardest hit, which is why it was the one that generated the most buying opportunities.”

However, he warns that “There is a fear on the part of investors that a recession will occur in the United States” And in addition to this, in the next few months we will have the presidential elections in that country, where the poll numbers are very even.” Given this scenario, Poncho proposes a Cedears portfolio composed as follows:

  • Fintech & e-Commerce: 30%
  • Health: 25%
  • Financial & Insurance: 20%
  • Growth Tech: 25%

This portfolio seeks to position itself in countries with the greatest growth in the Fintech and e-commerce sector, such as emerging markets.We incorporate anti-cyclical and stable companiessuch as the Health and Insurance sectors. In turn, assets from the traditional and digital financial sector and, finally, high-growth companies,” explains Estrada. He also points out that they continue to look with great interest at the Fintech & e-commerce sector, within which he highlights the following assets: Mercado Libre (MELI), Nubank (NU.), Amazon (AMZN) and Visa (V).

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Some of the most important companies in the world that have Cedear.

A step to choose conservative Cedears

José Ignacio Bano, an economist and expert in the capital market, clarifies, For his part, he says that one should be somewhat careful when investing in global equities at the moment because “there are several indicators of saturation because they rose 35% in one year, the profits of the shares are not so coherent in relation to the price they have and the fact that Warren Buffet went out to sell the shares he has and decided to stay liquid.” But, having said that, he points out that There is a Cedear that he likes a lot, the one for the Russell 2,000 indexwhich is for SMEs.

It is considered the largest small index in the world. “They are 2,000 US-style SMEs worth around $4 billionand they are not among the largest. So, the fact that the rate is lowered can benefit them because they need financing. They take out cheaper loans and that will be very positive for them,” Bano describes.

In addition, Do you think it is an interesting investment to bet on the Dow Jones?which are more conservative companies, and Wall Mart, within that group, seems to him to be an interesting company to invest in because it is linked to basic consumption, which means that “if there were to be a recession, it would be one of the companies that would suffer the least.” He also highlights the fact that this firm carries out very good work in the area of ​​electronic commerce and recently presented a very good balance sheet. “Those are two elements that make me like it a lot,” says Bano.

Cedears: a mix between conservative and risky

For Fernando Dirazar, director of Del Sur Capital Market, Meanwhile, the current context of strong volatility is a time to think about Cedears of value and technology companies and make a diversification“Given the twists and turns that the New York Stock Exchange has seen in recent times, I recommend a mix between firms like Pepsi and American Express, for example, and among the technology companies, I like Meta, Google and Nvidia,” he lists.

Considers that these companies would be The most interesting ones to diversify your portfoliosome more conservative and others higher risk, and mentions that Artificial Intelligence (AI) is key when choosing the technology sector companies in which to invest.

Thus, analysts agree that The current investment world is experiencing a period of great uncertainty in which diversification that combines greater and lesser risk at the same time is a good option to be more relaxed in the face of different types of scenarios. dollarization through Cedears It is a path that Argentines often choose and these keys help to trace the best route in that sense.

Source: Ambito

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