Ana Clara Pedotti
04/06/2021 2:12 PM
Clarín.com
Economy
Updated 04/06/2021 2:12 PM
After a first quarter characterized by
exchange rate pax
and sharp acceleration in
inflation,
the beginning of April may be an opportunity for savers to redirect their investments.
Dollar or fixed term
For "ordinary" savers there seem to be few instruments that can
preserve the value of their money.
With an annual rate of 37%,
time deposits lost against inflation in
the first quarter of the year.
If a deposit was made at the beginning of January and it was renewed every 30 days, the profit for the saver was 9.07% at the end of March, below the inflation calculated for that period.
Those who
bought the dollar
at the beginning of the year
,
either in the official market or in the financial market,
did not have positive returns
either.
So far in 2021, the value of
the solidarity dollar
has risen
9.5%
, while the price of cash with settlement rose 6.3% in this time,
well below the increase in prices.
Although the exchange rate summer can be a
gateway
for those savers looking to dollarize, with an expectation of a dollar ironed in an election year, it may not be the most attractive option for those looking to
make a difference
with their money.
Those who did achieve
profits above inflation in
the first quarter were those who bet on a
fixed UVA term.
This tool is not widely used in banks, but it has begun to attract the attention of savers, because, although it freezes access to deposits for 90 days, its returns
are tied to rising prices.
On average, the entities offer a rate of 1% that is added to the accumulated inflation of the period.
Thus, in the last three months these indexed deposits had an
average yield of 12.21%
, which, although they barely matched the price increase, they were the
most profitable savings option.
Going forward, the consensus of analysts is that although inflation will begin to slow down, it will do
so more slowly than the Government expects
.
Thus, April may be a good time to make a price-indexed deposit.
Mutual funds
Mutual
funds
can be an effective strategy for those who want to diversify their savings, guarantee real returns and
not lose liquidity.
There are funds where you can have the money immediately, known as
T + 0 money market.
These funds generally invest in
paid accounts, fixed terms, and bonds,
and get better rates.
Within this highly liquid menu, the T + 1 funds, which credit the balances one day after the redemption, are very attractive.
Santiago Abdala, from PPI, explained: "At the moment,
there are no conservative and short-term investments that beat the projected inflation
. But, a fund of instruments that adjust for CER can be an option that. guaranteed (the funds are subscribed and redeemed at prices that vary and may even fall), the fall in the prices of bonds related to inflation in recent weeks may be an opportunity to access ".
At this point, Alejandro Gorostiaga, from Consultatio, agreed: "For those investors who want to stay in pesos, we are seeing good returns
in funds that invest in short-term CER bonds
, with a basket of bonds whose furthest maturity is scheduled for 2022. Thus , a protection against inflation can be guaranteed, which although we see it falling, will
remain at high levels, at least in the first half of the year,
"he said.
Cedears
They have been the star of the local market since last year: these
local certificates of shares of foreign companies
already represent 65% of what is traded in the country.
"In general, stocks are considered riskier assets than the corresponding one for an investor looking for a conservative portfolio, however, since they are
assets linked to the price of the dollar and with low market volatility, they
end up being a better alternative than others. locally operated assets, "explained Invertir On Line analysts, who mentioned titles from companies such as
General Electric, Bank of America and Amazon
as purchase opportunities
.
NE
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