Udibonos, the main attraction among the Afores


In the world of finance, it is said that investment portfolios must be diversified, so The Economista decided to carry out an analysis of the assets in which the retirement fund managers are invested (Afores).

He highlighted that 25.81% of the resources are invested in Udibonos, which are Federal Government development bonds denominated in Investment Units (Udis) that are intended to protect the holder of the instrument from sudden changes in inflation, a situation that we have lived in recent years. And it is that the annual inflation rate in March was 7.45%, being the highest figure recorded in 21 years.

Specialists consider it adequate investment in Udibonos due to the fact that it protects against price increases, which generates a positive real rate, however, it is an instrument that does not imply complexity in its handling and that the allocated percentage is excessive.

The second percentage to highlight is 14.46% in Federal Government Development Bonds with a fixed interest rate and it is an easy option to select, since in times when interest rates maintain an upward trend, you can play it safe. And it is that the leading reference rate reported by the Bank of Mexico (Banxico) already adds seven consecutive increases and experts predict that the rises will continue.

Even the expectation for the Governing Board of the Banxico by May 12, establish an increase of 50 basic points to place it at 7%, with the intention of curbing inflation levels and pursuing the movements of revenues determined by the Federal Reserve American.

higher risk

The third asset in which the Afores invest is in international equities with 13.67%, which is the purchase of foreign shares through the International Quotation System, better known as SIC, which is a platform where acquire stock titles and Exchange Traded Funds (ETFs) whose securities were listed in other parts of the world.

Specialists consider that in variable income instruments is where there is greater risk, but at the same time a greater potential for return, which, focused on issuers with investment projects focused on the long term, can be attractive for the resources obtained at the time. retirement time.

The fourth highest percentage is for structured notes with 7.25 percent. The structured ones are synthetic investment products that combine two or more financial instruments, the Afores have included the advice of international managers to select the best assets. According to risk management, the more complex a financial instrument is, the greater its potential risk, but there is also a greater opportunity for profit. A high volume integrates derivative instruments in order to protect capital and reduce volatility.

7.20% of the resources of the Afores is invested in infrastructure projects and 7.06% in national shares.

Another percentage to highlight is that 4.86% of the capital is invested in Ceteswhich are titles belonging to the family of zero coupon bonds, are marketed at a discount.

At the end of March 2022, the resources managed by the Afores were placed at 5,183 billion pesos, according to data from the eat.

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