Just when a mountain of weight begins to overcome associated with the UVA fixed-term placement of 90 days and with investors and savers disoriented by the Central Bank’s lower rates, they are added to the market menu 10 new Cedars, which allow you to invest in international companies from the local currency.
At the end of December, the Central “extended” the mandatory minimum duration of the UVA fixed term, linked to inflation, which has gone from a minimum of 90 days to the 180 days currently offered by banks. Those who made placements at that time They managed to capitalize on the entire inflationary wave of the last three months, as a result of which they began to reap their investments with profits close to 70%.
But now, instead of reinvesting those pesos back into banks and in the midst of a falling dollar scenario, they are looking for other options to keep those pesos from losing value.
The National Securities Commission (CNV) has approved the establishment of ten new companiesincluding several companies Brazilian origin, like the Brazilian digital bank Nubank; and several automotive-related companies. In this way, retail investors can invest their pesos and diversify risk, as this instrument tracks the profitability of these assets and pays in foreign currency.
Although a variable income option, and therefore subject to greater volatility than conservative investments such as UVA Fixed Term Investments, Cedears are gaining popularity among both retailers and more sophisticated investors.
Among its advantages, at IOL, investonline highlighted: “They allow you to invest in some of the most important companies in the world without the need to have an account in the United States.” They also underlined: “The low amounts needed to purchase CEDEAR allow you to form a diversified portfolio, which allows you to optimize the risk-return ratio.”
What are the new CEDEARs?
– Nu Bank (NU): It is the largest digital bank in the world, offers a full range of financial products through a mobile application and has over 93 million customers.
NU promotes access to financial services throughout Latin America, thus explaining the accelerated growth of the company, which achieved revenues of $8,000 million during 2023, marking a growth of 57% compared to the previous year, and a net profit of 1,000 million dollars.
– Palantir Technologies Inc (PLTR): It is an analytical software company specializing in big data, which has both commercial and government clients, including various agencies in the United States.
– Lithium Americas Corp (LAC): It is a unique North American lithium producer with a sole location in Thacker Pass, Nevada, with construction recently begun and production expected to begin between 2025 and 2026. Thacker Pass is one of the largest lithium resources in the world. The company belongs to the same group that owns the Cauchari-Olaroz lithium fields in Jujuy,
– Advanced Auto Parts (AAP): It is a leading supplier of automotive components in the aftermarket, serving both professionals and DIY customers. It operates approximately 4,770 stores and 316 branches throughout the United States, Canada, Puerto Rico and the Virgin Islands.
-McEwen Mining Inc (MUX): is a precious minerals production and exploration company in Argentina, Mexico and the United States. Income is mainly derived from the production of gold and silver. McEwen has a minority stake in the company that operates the San José mine in Argentina.
“It can be a good alternative if you want exposure to precious materials, such as gold, which has seen a significant increase this year,” they highlighted on IOL.
– PagSeguro Digital Ltd (PAGS): It is a financial technology company that offers online and offline payment solutions for consumers, microbusinesses, and small and medium-sized businesses (SMBs). The company operates in Brazil, one of the largest e-commerce markets in Latin America.
– StoneCo Ltd (STNE): It is a Brazilian provider of financial technology and software solutions. The company has seen steady growth in revenue and payment volume in recent years. The company expects to continue growing as digital payments adoption increases in Brazil.
– Marvell Technology Inc (MRVL): It is an American semiconductor company from Delaware, founded in 1995, dedicated to chip design. They offer solutions for data centers, operators, enterprises, automotive and consumers through their wide range of products such as cloud- and AI-optimized data infrastructures or their silicon solutions for 5G networks.
– Shapeways Holdings Inc (SHPW): It is a leading global 3D printing company, serving customers in more than 180 countries thanks to its broad range of innovative materials, techniques and technologies that enable customers to transform digital designs into physical products.
– SunCar Technology Group Inc (SDA): It is a leading provider of digitalized automotive after-sales services and online automotive insurance brokerage services in China. It offers customized solutions to corporate clients. In 2023, it achieved revenues of $154 million and net profit of $12.8 million, marking year-over-year growth of 19% and 32%, respectively.
Source: Clarin
