2024-07-29 03:40:02
The economic analyst Damián Di Pace highlights an instrument that offers profitability in the greenback by investing in a solid portfolio
Finance 4.0
27.07.2024 • 06:07hs • Finance 4.0
Thanks to Mercado Pago and other wallets, mutual funds are an increasingly used option by Argentinians to easily profit from their balances and combat inflation.
But there are also dollar alternatives that, in addition to price gains, offer protection against currency fluctuations.
Dollar mutual fund: how to use it and what profit it offers
According to economic analyst Damián Di Pace, “there are funds that allow you to achieve an appreciation of your capital through investment in a diversified portfolio of high-quality corporate fixed-income assets in dollars“
One of these, he highlights, is the “dollar savings fund from Balanz: what you will see is that you can invest in dollars starting from $100, it started in 2020 for a moderate investor profile.”
“Its return over the last 12 months was 4.82% in dollars,” he notes. Furthermore, he warns that “from the application you can access statistical information about the fund: what was the highest daily return, the negative months, the positive months, and the monthly profitability.”
But, he emphasizes, “the most important thing is to see the portfolio composition: the majority participation level consists of corporate bonds in energy, oil and gas, corporate, financial, consumer, and telecommunications.”
Other options for investing in dollars
Another interesting option is ETFs (exchange-traded funds), which are traded on secondary markets and represent a diversified portfolio of assets, such as stocks or bonds of companies, etc.
You can invest in them from Argentina through Argentine Deposit Certificates (CEDEAR), which allows trading in both dollars and pesos at market value with settlement.
One of them is QQQ, which represents the Nasdaq, where the world’s largest tech companies are listed.
Since they had very good performance in 2023, it is recommended to be selective and target those companies that still show growth potential ahead.
2. S&P 500
The S&P 500 is one of the most important stock indices in the United States and the world. It has 505 assets under custody and seeks to replicate the performance of this indicator.
Investing in Dollars: The Future of Investment Funds in Argentina
Economic analyst Damián Di Pace emphasizes the growing trend of investment funds in Argentina as a viable option for individuals looking to safeguard their finances against inflation while achieving returns in US dollars. As digital wallets like Mercado Pago gain prominence, mutual funds are becoming increasingly popular among the Argentine populace.
Di Pace highlights an interesting alternative: dollar-denominated common funds. These funds allow investors to appreciate their capital through a diverse portfolio of high-quality corporate fixed-income assets, specifically tailored for moderate investors. For example, the Balanz dollar savings fund, launched in 2020, offers an accessible entry point with investments starting at $100, showcasing a remarkable 4.82% return in the last 12 months.
The growing accessibility of these investment vehicles empowers more Argentinians to combat the challenges of inflation and currency devaluation. With comprehensive insights available through apps, investors can monitor daily performance metrics and the fund’s composition, which largely comprises corporate bonds in sectors like energy and telecommunications.
Exploring ETF Options for Broader Exposure
Alongside traditional funds, exchange-traded funds (ETFs) are gaining traction, offering diverse asset exposure through certificate options like CEDEARs for Argentine investors. Notably, the QQQ ETF, representing the Nasdaq index, draws attention due to its performance, particularly in technology stocks.
The S&P 500 also stands out as a crucial focal point for investors seeking to replicate strong performance in one of the world’s most influential stock market indices. With 505 assets tracked within this index, the S&P 500 serves as a benchmark for investment strategies aimed at long-term gains.
As investors look ahead, the appetite for diversified, dollar-denominated investment options in Argentina will likely continue to grow. By selectively targeting those companies with substantial growth potential, Argentinians can mitigate risks and make informed financial decisions in an increasingly complex economic environment.
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