.
According to data Imantia Capital
The major beneficiaries in these moments of panic were the shelter categories: money market funds, bond funds and guaranteed funds, according to data compiled by Imantia Capital.
the investment fund managers often repeated that “it makes no sense to play with market timing.” That is, it is unwise to try to predict when the stock will go up or down and trust investment strategy to invest in equities in the first case, or retire wisely in the second. The recommendation applies to experts in asset management, but even more for retail customers.
The nerves of private investors, however, do not usually consider this mantra-investors. Quite the contrary. When the stock market rises, are legion those who climb on the bandwagon. When it falls, many try to get off and look for less risky financial assets.
In the case of Spain, the sharp corrections suffered by the stock have made a lot of money out of equity funds. In January this category recorded net withdrawals amounting to 570 million euros, and mixed equity, which supports up to 30% of bonds-had outflows of 500 million.
The big benefit right now panic has been the refuge categories: money market funds, bond funds and guaranteed funds. These three families, which in recent quarters had been in the doldrums because of low interest rates, have attracted 1,780 million euros, according to data compiled by Imantia Capital.
Of the three, the category that is getting more funding is to short-term fixed income, recorded in January growth of its assets under management of 1,420 million euros. Although these families are not without risks, assets in which they invest are less volatile than the stock market. In the case of certain sovereign bonds, such as those issued by Germany, they are becoming a safe haven, despite offering negative returns.
This trend toward more conservative categories of funds is accelerating in early February, as explained from several Spanish fund managers. Capital gains generated by a fund are not taxed when the money of a product is taken out and gets into another, so that many customers are taking advantage insurance products to protect the money they have earned over the years of stock market gains.
mixed bond funds were the top products in 2015, but are experiencing the largest output now. Instead he entered the 15 products with higher cash inflows clearly highlight the more conservative funds. Seven bond funds short-term three guaranteed three bond duration and ranking up two monetary January.
Mixed bond funds were the top products in 2015, but are now recorded higher outputs. Instead the 15 products with higher cash inflows clearly highlight the more conservative funds. Seven bond funds short-term three guaranteed three bond duration and ranking up two monetary January.
Products and Santander Investment Short Term, which registered an advance of its assets over 630 million euros, despite its profitability in the past six months is -0.28%. O Mutuafondos short term, in January totaled 293 million, with a return in the last year of -0.07% -…. product have become haven for investors who want to stop worrying about the past stock market swings.
Even guaranteed funds, who have spent several years in retreat, re-registered net subscriptions. -compran Structure acting as the underlying bonds and help ensure a certain level of return-to-maturity does not leave them much room to offer attractive returns, but customers prefer the current market risk. During the month of January they captured 40 million euros, something not seen for years
fondos@eleconomista.com.mx
. <- technological change ->
No comments:
Post a Comment