Fynsa
Los mejores días del mercado suelen aparecer en medio de las mayores caídas. Intentar anticiparse puede tener un costo mucho mayor que mantenerse invertido.
The debate between fundamental and quantitative analysis has shaped the history of investing. Today, the greatest competitive advantage comes from combining both approaches.
The strategy has outperformed the market with lower volatility, validating a thesis that continues to be supported by attractive spreads, solid fundamentals, and ongoing opportunities in Chilean corporate bonds denominated in USD.
In volatile markets, the focus should not be solely on predicting what will happen, but on how prepared we are for different scenarios. Well-executed diversification, combined with active management and efficient access to opportunities, allows us to build more resilient portfolios.
Market declines caused by geopolitical shocks should ultimately present buying opportunities.
Rising fuel prices will lead to higher inflation in the short term, but year-end forecasts will depend largely on how the conflict in the Middle East unfolds.
The recent cases involving Tricolor and First Brands are testing the resilience of the private debt fund industry and the liquidity of its assets.
In the fixed-income market, we continue to recommend a strategy that is heavily weighted toward the UF index. Meanwhile, we believe that the recent adjustments in the equity market present a good opportunity to position oneself for the remainder of the year.
Private debt allows for more stable income with a better risk premium. In addition to being more limited in terms of duration, in most cases it allows investors to receive cash flows, avoiding some of the uncertainty regarding returns and maturity that private equity investments do have.
The software sector has suffered the largest non-recessionary decline relative to the market. But according to market consensus estimates, the sector's fundamentals remain largely intact.
