New alternatives are added to invest in foreign companies

New alternatives are added to invest in foreign companies
New alternatives are added to invest in foreign companies


The Argentine capital market adds new investment alternatives. This week, the launch of six new Argentine deposit certificates, better known as cedarsan instrument that allows buy shares (or portions of shares) that are listed outside the country.

As a novelty, on this occasion The first cedars were issued that will have their underlying in Brazil, That is, they will replicate the movements that these shares have in the stock market of the neighboring country. With these new additions, there will be 324 assets that can be traded through Bolsas y Mercados Argentinos (BYMA).

The first cedars were issued with their underlying asset in BrazilShutterstock

Cedears have gained popularity in the last four years for three reasons. First of all, it is indirect dollarization. Although it is purchased in pesos, its value is adjusted to the dollar counted with settlement (CCL), so the value of the asset could rise if this price does so, as happened this week, beyond the volatility of the currency itself. action.

Second, to make it more accessible to the investing public, Argentine certificates of deposit are usually a “fraction” of a share to be able to buy the assets without having to make a large outlay of money (it is known as ratio).

Finally, allows you to escape from the Argentine risk and invest in global companies listed abroad, without the need to open a bank account in another country.

“At the same time, the new cedars introduce new features: currency diversification. Besides, Companies regularly distribute dividends to their shareholders. These dividends imply tax benefits, since they are subject to lower profit withholding than other cedars,” added BYMA.

This week the stock of the Bank of Brazil (BBAS3), a financial entity that has operations both in the neighboring country and in the rest of Latin America; also Rent A Car (RENT3), a company that focuses on car rental.

Cedears are an indirect dollarization, since they are purchased in pesos, but follow the movements of the CCL dollar rafastockbr – Shutterstock

This Thursday he joined Petro Rio (PRIO3), oil and gas producer; and this Friday the negotiation of the Cedar of Hapvida Participaçoes e Investimentos (HAPV3), health services company. Next week the shares of Lojas Renner (LREN3), clothing company; and the company of retail Magazine Luiza (MGLU3).


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