Today, the market offers savers various instruments to get a good return on their pesos. What are the best options
The Central Bank (BCRA) reported this Monday on the different options available for invest and save in pesos.
Through a statement, the BCRA recalled a series of instruments that allow obtaining various returns, such as UVA fixed terms, which offer a return above inflation.
“For certain fixed terms, the BCRA establishes a minimum interest rate for retail savers, in order to encourage savings in pesos,” the monetary authority stressed.
In this framework, he pointed out that banks can offer these products and your hiring is quick and easy, being able to be done through electronic channels, without the need to go to a branch.
Banking entities have a link that allows determining the investor profile of each person and, based on a series of established questions, savers determine the degree of risk they want to assume: conservative, moderate or aggressive.
In this way, they detailed that according to the defined character, it will be possible to choose between the different options available in the financial system:
1. Pre-cancelable UVA fixed term
The pre-cancelable UVA fixed terms were launched by the Central Bank as an investment option to positive real rate for savers. These deposits offer a minimum rate of 1% per year on inflation, if the contractual term of 90 days is met.
The particularity of this product is that it has the option of pre-cancellation after 30 days. If you choose to meet the 90-day term, savers receive the interest rate equivalent to the Consumer Price Index reported by Indec plus the annual rate of 1%, which allows you to maintain the purchasing power of savings and win by one point to inflation.
Banks that take time deposits are obliged to offer this option to all savers through all means, either in branches with physical presence or through electronic platforms.
2. Fixed term UVA
Likewise, the UVA fixed terms without the option of pre-cancellation are contracted for a 90 day minimum and allow to obtain a profitability above inflation, according to the rate offered by the entities.
The fixed UVA terms allow obtaining a return above inflation.
3. Traditional fixed term
At the same time, The traditional Fixed Term (minimum guaranteed rate) is contracted for a minimum period of 30 days and has a minimum guaranteed rate, established by the BCRA for retail savers.
Also, depending on the profile of each investor, there is a wide variety of options to save in pesos. Equity instruments are available in the home banking of most financial institutions or can also be accessed through ALyC brokers (Settlement and Clearing Agents).
4. Public titles
In this sense, it was detailed that Public Securities, also called bonds, are issued by the public sector (National State, Provincial States or Municipalities). These securities can return the money invested in installments, called amortizations, or in full upon maturity. In addition, they pay an interest rate that can be fixed, variable or mixed.
Although they can be held until maturity, investors can decide to sell them on the market at any time prior to that date. The purchase or sale of securities, shares or other instruments in the capital market can be done through banks, using the accounts that are already enabled, or go to a negotiation and / or settlement agent, registered with the Commission. Nacional de Valores (CNV), the body in charge of the regulation and supervision of the capital market.
Investors must first open a client account at the bank or with an agent and from there they can start trading. Purchases are credited within 48 hours in a subaccount set up in the name of the investor in the Caja de Valores, which is the depository of the securities.
5. Negotiable Obligations
The Negotiable Obligations (ON) are the debt issuance carried out by private entities. Through the ONs, the company contracts debt with the bondholders, that is, the investors who bought those securities, and undertakes to cancel that debt within the agreed period together with the corresponding interest.
The principal of the obligations is generally returned in annual or semi-annual installments, and generates an interest that can be of fixed or variable rate.
Negotiable obligations may have a risk rating, which makes the investment more secure. Companies can issue NOs in pesos at a fixed rate or in pesos tied to the price of the dollar. In the latter case, the investor buys the security in pesos at the official exchange rate, and upon maturity he will receive the pesos equivalent to the official exchange rate. This option allows you to follow the evolution of the price of the dollar by making an investment in pesos.
6. Investment Funds
On the other hand, Investment Funds allow access to a diversified portfolio of assets, including markets and instruments that, due to distance or necessary amounts, are not easily accessible for small investors. The administration of the fund portfolio is in charge of a management company, which must register with the CNV in the register of Management Agents of Collective Investment Products.
Investment funds can be subscribed through banks or with registered ALyC, and the variety of offers includes the possibility of subscribing in pesos funds that follow the evolution of public securities, shares or assets in dollars.
Like the other investments, it is advisable to first perform the investor profile test to choose the fund according to the risk that you want to assume, they reported from the entity.
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