Fynsa
For members, this new system may mean better returns and less risk of bad decisions, but also a reduced sense of control. For the industry, the next few years will be ones of technical adaptation, communication with clients and adjustment of investment models.
To understand how this new cycle may influence the economy and portfolios, we must separate what has become clearer from what remains uncertain.
During the week, the third quarter National Accounts were published, which provide a more consolidated view of the country's recent growth figures. While on net these are good figures, they are not sustainable over time, or at least not without generating macroeconomic imbalances elsewhere.
A new ECLAC report reveals that the region is accelerating in the adoption of artificial intelligence, but still faces gaps in data, training and regulation.
After a period marked by economic uncertainty, inflation and high interest rates, today there is a more stable scenario with a positive outlook for both buyers and investors.
Custom dictated that, in September, a monthly increase in the CPI of 0.5% or 0.7% was normal, usually motivated by increases in the products most consumed by Chilean families during the holidays. However, for some time now we have seen a change in this behavior.
In Santiago, today we see greater urban density, internal and foreign migration, and changes in lifestyles, which has generated a growing demand for rental housing, particularly in multifamily formats (professionalized rental).
Macroeconomic improvements, a commitment to fiscal sustainability and an eventual pro-market and fiscally more austere policy shift open room for a revaluation in credit instruments.
We need a public policy determined to strengthen the stock market, to value the well assumed risk and to generate the necessary conditions for more investors to want to participate in the country's development.
After months of weak numbers, some recent data point to an improvement in activity. But before celebrating, it is worth taking a cautious look at what lies behind the apparent upturn.
