Fynsa
The Federal Reserve's monetary policy is driving winds of change in the U.S. multifamily market, offering new opportunities and challenges for investors and developers, although not without inherent risks.
In a scenario of record mortgage rates and a constantly rising UF, for many Chileans, the dream of owning their own home has become increasingly complicated.
The economy and an intensification of grassroots support would be some of the factors behind the historic win of now President-elect Donald Trump.
With Fed rate cuts on the horizon, incorporating duration risk makes the most sense
In Latin America, Argentina stands out for the size of its debt in relation to GDP, while Brazil stands out for the weight of its debt in overall indebtedness.
Bank capital restructuring and the quest for regulatory compliance are generating innovative opportunities, especially in the distressed debt market.
Equity markets continue to struggle between higher interest rates and positive corporate earnings dynamics, associated with the strength of the economy but, above all, the potential of AI.
Given the current market conditions, we expect to see sharp drops in interest rates during the second half of the year or early next year. Therefore, holding positions in these issuers would yield additional capital appreciation gains, in addition to the annual carry from interest accruals.
Common sense suggests that we should wait until the end of the rate-hiking cycle before investing again, but keep in mind that time deposits no longer pay what they did a few months ago, and inflation is also falling.
A more balanced global exposure and active management are recommended to address the risk of concentration in passive indices.
