The conflict between Russia and Ukraine It has caused great volatility in the markets, impacting financial variables and, in turn, generating an environment of uncertainty. Although last year’s situation favored savings and investment in dollars, this scenario seems to have changed, according to Sura.
According to Yordiño Jamanca, senior investment strategy analyst at Sura, the funds that have been most impacted by the current scenario are those in dollars, mainly because they have greater global exposure and, therefore, greater exposure to the conflict.
“Within the dollar funds, variable income has been the most affected, compared to fixed income, since it has greater exposure to different types of risk” explains the expert.
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In this sense, sectors such as energy have been among the hardest hit, since supplies are affected, causing some oil companies in Russia to declare bankruptcy. For its part, fixed income is the least affected because, in risky situations, investors opt for safe haven assets such as treasuries or bonds.
In the local context, the specialist points out that the situation has been different: “Funds in soles have benefited, especially in equitiessince the stock market of our country concentrates a lot of exposure to the mining sector and we are in a context in which commodities such as copper have risen to historical levels”, he indicates.
In the same line, Jamanca mentions that local fixed income has also been favored by the greater confidence of foreign investors compared to previous months, despite recent political events. “This has been evidenced in greater investment in the country and in the fluctuation of the dollar, which has been stable and slightly down in recent weeks.”, he details.
recommendations
The Sura representative points out that this scenario further evidences the importance of having a diversified portfolio, given that “adequate diversification allows us to minimize risks and increase our chances of profit”.
Likewise, Jamanca suggests reduce exposure to risky assetsthat is, variable income, given its great volatility, and opt for other types of instruments, such as alternative assets.
“Real Estate Funds that invest in the real estate sector do not have direct exposure to the situation and, moreover, are favored when inflation rises”, he specifies.
Along the same lines, the executive mentions that for those people who prefer to have greater liquidity and quick access to their money in case of an emergency, he suggests the Cash Funds.
“These allow you to avoid the volatility of the markets, since they invest in fixed income, such as deposits in very short-term funds, so the risk of losing is lower in scenarios such as the current one“, it says.
Regarding the stock market, the specialist recommends investing in commodities such as gold, which is a refuge asset in scenarios of uncertainty.
In addition, it recommends evaluating the fluctuation of these assets very well, because, just as they can have attractive rises, they can also have significant falls. “Having the advice of an expert will always be essential, especially in times of high uncertainty”, he ends.
