Fynsa
We can expect a good return on issuers of adequate credit quality.
Nathan Pincheira and Humberto Mora of Fynsa share their outlook on the economy and investments for the first half of 2023 and the coming months.
Our Softlanding baseline scenario is based on a moderation of inflation and greater resilience of activity.
It is quite likely that we will have a good performance in terms of returns in investment portfolios, both in fixed income and equities, in the second half of the year.
A more balanced global exposure and active management are recommended to address the risk of concentration in passive indices.
We continue to recommend increasing the weighting of assets that are less sensitive to interest rates, such as cash, value stocks, international stocks, and real assets.
The outcome of the plebiscite should have a positive impact on the markets, under the assumption of lower uncertainty and risk premiums in the future due to the expectation of a more moderate new constitution.
We see greater opportunities in a defensive strategy in terms of duration and credit risk, with an overweight position in UF
