Twelve new options were added for investing the peso in international markets

Amid the sharp correction on Wall Street, the National Securities Commission (CNV) announced the addition of 12 new foreign companies in which to invest through Cedears (Share Deposit Certificates) Although the date when they will start operating has not yet been determined, these instruments are exciting to local investors because they allow them to bet from the local market and thus diversify portfolios.

Last Friday, CNV announced a dozen new Cedears, that is was added to the 250 available in the local market. Specifically, there are three Cedear with underlying ADR and nine with underlying component, in this case, the companies primarily linked tol software development, video games, cryptocurrencies and passenger aircraft.

The complete list, which was approved on May 19, includes companies withmo Twilio Inc., Coinbase Global Inc., S&P Global Inc., American Airlines, Lam Research Corp., Electronic Arts Inc., XP Inc., General Motors Co., DOW Inc., Embotelladora Andina SA, NIO Inc., Sea Ltd.

Among the most attracting the attention of investors are, for example, Be Limited, a Singapore-based company in the technology sector, related to e-commerce, business in financial services and digital payments, and further participating in the video game industry; either coinbase, the largest cryptocurrency exchange platform in the United States.

However, this sector linked to high-tech development has been one of the hardest hit after the change in trend that started in global stock markets from the Federal Reserve’s tighter stance to try to curb inflation in United States. Therefore, for investors who dare to take some risks, theAt low prices it can be an interesting opportunity to enter.

“After a 2021 with outstanding returns, the market seems to have had a sharp turn in 2022 and now volatility has gained huge popularity in major indices. So, before starting to take a position in these new Cedears, it would be perfect expect volatility to subside on Wall Street“said Maximiliano Donzelli, from IOL Invest On Line.

For his part, Paulino Seoane. De Balanz recommends: “In recent weeks there has been an interesting rebound on Wall Street, especially in parts of the sectors we call“ growth ”, which have brought together high-tech companies. it’s hard to know if they’ve found their flat. Therefore, for investors who are not afraid of volatility, prices may present a good buying opportunity, but we recommend starting small. ”

Caution is the standard recommendation of specialists faced with these new instruments in a context not yet defined. “There are very interesting values, but the market is still volatile. But there are Cedears that can present an opportunity with a moderate and long-term outlook,” the specialist said.

Pablo Haro from SBS Group recommends: “Within the list, the company that seems most interesting to us in this context is SPGI, Standard & Poors, which is the company that produces credit ratings and indices, which, although it does not trade in an attractive appreciation you are in a business where you have a massive market command.

“As for the rest, all the names are interesting, but we don’t recommend them right now. Certainly eventually, opportunities may arise for investors in Argentina,” Haro said.