What to do with money when inflation continues is a challenge for families, but there are very convenient options to take advantage of
One of the biggest challenges families face is trying to prevent inflation from “eating away” part of the income that is kept deposited in a savings account or simply in cash. Undoubtedly, buying dollars was one of the preferred options for a long time, but you cannot always succeed, especially when you need to have pesos in the short term, since the gap between buying and selling is not always covers favorably.
To respond to this concern there is an interesting option that gives a safe haven to those pesos that are not used immediately or that are destined to be spent in a matter of days or weeks.
They fall into that category, for example, credit card payments, services such as electricity, gas or taxes that have a certain expiration date.
An option that is increasingly used is that of the so-called “money market” or “t + 0” funds, which are gaining more and more followers among families and companies due largely to their very low volatility, the speed of its operation and an attractive performance.
The funds are attractive to those seeking efficient management of excess liquidity
Precisely this type of Funds are attractive for those who seek efficient management of excess liquidity or for those who need have the money in the short term.
To have a more complete idea of its attributes, nothing better than to refer to what the Chamber of Common Investment Funds points out, which on its website explains that the “Liquidity Funds or Money Market” are a very conservative and appropriate investment for those who want to invest their money in the short term, with immediate liquidity and free of price fluctuations “.
And they add that “given the composition of their portfolio, they are considered as the products with the shortest horizon and the lowest volatility.”
One of its main advantages is that when there is no minimum term of placement They are presented as an option that is ahead of the classic fixed-term placements, which have a minimum of 30 days, since they allow immediate cash availability in a volatile and unpredictable context, to which it is added that they immediately capture the performance of the interest rates paid by banks for fixed terms.
This implies higher returns, to which it is added that it is a simple product to operate, since it is entered and exited through the homebanking of the entity in which it is a client and the speed with which funds are accessed, since these are credit within 24 business hours.
The so-called “money market” or “t + 0” funds are gaining more and more followers among families and companies
Interest in this type of fund meant that last year the net worth of this line went from $ 357 million to $ 900 million, which implies an increase of 150%, compared to 120% for the rest. With this rise, its participation in total mutual funds increased by three percentage points to reach 46% of the total.
Currently, more than 110 funds operate under these characteristics, with yields that average around 28% / 30% for the last twelve months. Among them, two Superahorro Plus funds stand out, as Class B advances 32.9% while Class A rises 31 percent.
Megainver Liquidity Pesos, Fima Premium, FBA Renta Pesos and SBS Ahorro Pesos are positioned just below, all of them with yields close to 30 percent.
Regarding assets, the ranking is headed by Fima Premium of the Banco Galicia family of funds, followed by Superahorro Plus from Santander and FBA from BBVA.
The advantage of operating with an investment fund
Another point in its favor is that its portfolio, like the rest, is managed by a team of professionals who monitor and control the risks assumed, making investment decisions at all times.
Regarding the regulations governing the activity, these are issued by the National Value Comission, being the money markets on which more attention is paid, since they must respect both the maximum participation that each asset can have, its duration and the maximum participation limits of each shareholder within the fund.
All this in pursuit of the ultimate goal of always maintaining an adequate level of liquidity. In general terms, this segment of funds invests in fixed terms, guarantees and remunerated accounts of banks.
Those who invest in FCI
The FCI industry has just over 1.7 million clients or shareholders, of which 86% are individuals, but the amounts invested by these barely reach 7% of the total, with an average balance of $ 320,000.
As for legal persons, the average amount rises to $ 26 million.