The Central Bank Monetary Policy Committee (COPOM) has announced the increase in the basic interest rate, Selic, at 0.25 percentage point, to 15% per year. The decision was different from the majority bet of finnancer institutions.
With that, how are the investments? Read the main highlights of the experts heard by the Broadcast Investments.
Fixed income, the flagship
With the current levels of Selic, fixed income is still the darling of Brazilian investments, due to low risk and high return. Caio Camargo, Santander’s investment strategist, says fixed income should compose all portfolios, regardless of profiles.
“We recommend fixed income in all portfolios and all profiles. We are at a more optimistic time in relation to international variable income, but still quite cautious. We have an uncertain scenario, both in the short and medium term, both in Brazil and worldwide.” says Camargo.
Gustavo Okuyama, Porto Asset Fixed Income Specialist, highlights the advantages of this market compared to stocks, especially in periods of economic slowdown. He argues that, in conjunctures such as the current one, fixed income presents itself as a safer alternative.
And variable income?
For Gustavo Harada, executive responsible for the allocation area of Blackbird Investimentos, the Brazilian stock market is still cheap and has a lot of valuation potential, but it is not time to prioritize allocation only in action.
“Today we see a great asymmetry compared to some valuations, even because I see as an opportunity to increase, to start to increase lightly and gradually variable income exposure. I do not think that it is time to turn 100% and allocate all resource in variable income, but a gradual increase taking advantage of these opportunities,” says Harada.
Already Okuyama adds that when thinking of a more medium and long term horizon, it is always interesting to have a bag component. For him, a percentage would be between 5% to 10% of resources in this investment category.
Santander’s investment strategist advises that, when placing funds in the stock market, he chooses more defensive sectors. “At first, those companies of slightly more defensive sectors, cash generators, or energy sector, financial institutions, this tends to perform a little better,” says Camargo.
And the investment abroad …
Santander’s investment strategist states that investing abroad is an interesting way to diversify. For him, “it is always important to diversify the wallet, not only in terms of assets, but to be exposed to another economy.
“There are Brazilian companies that are major exporters and thus have dollarized revenue. So the investor can have two ways: investing outside or investing in these companies that have cash flow outside,” says Caio Camargo.
Another point highlighted by Santander’s strategist is to take advantage of the dollar depreciation, which went from $ 6.30 to $ 5.50, and “send some portion of features ‘out'”. He mentions that a good investment opportunity is the technology industry, such as Nvidia, which surprised in its last balance.
