{"id":110176,"date":"2024-06-11T11:25:03","date_gmt":"2024-06-11T09:25:03","guid":{"rendered":"https:\/\/www.tressis.com\/glosario\/actiu-subjacent\/"},"modified":"2026-03-23T18:40:00","modified_gmt":"2026-03-23T17:40:00","slug":"actiu-subjacent","status":"publish","type":"glosario","link":"https:\/\/www.tressis.com\/ca\/glosario\/actiu-subjacent\/","title":{"rendered":"Actiu subjacent"},"content":{"rendered":"<p>Un actiu subjacent \u00e9s l'&#8221;actiu base&#8221; sobre el qual es construeix un producte financer. \u00c9s el protagonista ocult de molts instruments com derivats, futurs, opcions o *ETFs. Encara que no sempre es veu directament, \u00e9s el que realment determina el valor d&#8217;aquest producte.<\/p>\n<h2>El cor dels derivats<\/h2>\n<p>Quan compres una opci\u00f3 o un futur, no est\u00e0s comprant directament una acci\u00f3, una mat\u00e8ria primera o una divisa, sin\u00f3 un contracte que dep\u00e8n del valor d&#8217;aquest actiu real. Aquest valor real \u00e9s l&#8217;actiu subjacent. Per exemple, en una opci\u00f3 sobre accions d&#8217;Apple, l&#8217;actiu subjacent s\u00f3n les pr\u00f2pies accions d&#8217;Apple.<\/p>\n<h2>Qu\u00e8 pot ser un actiu subjacent?<\/h2>\n<p>Pr\u00e0cticament qualsevol cosa amb un valor de mercat pot ser-ho. Els m\u00e9s comuns s\u00f3n:<\/p>\n<p>Accionis<\/p>\n<p>\u00cdndexs borsaris (com l&#8217;IBEX 35 o el S&amp;P 500)<\/p>\n<p>Mat\u00e8ries primeres (or, petroli, blat)<\/p>\n<p>Divises (euro\/d\u00f2lar, lliura\/ien)<\/p>\n<p>Bons<\/p>\n<p>Criptomonedes<\/p>\n<h2>Per qu\u00e8 \u00e9s important?<\/h2>\n<p>Perqu\u00e8 el rendiment del producte financer dep\u00e8n directament del comportament de l&#8217;actiu subjacent. Si puja, baixa o es mant\u00e9 estable, aix\u00f2 afectar\u00e0 el preu del derivat que ho representa. Per aix\u00f2, entendre b\u00e9 l&#8217;actiu subjacent \u00e9s essencial per a invertir amb criteri.<\/p>\n<h2>En resum<\/h2>\n<p>L&#8217;actiu subjacent \u00e9s el motor ocult de molts instruments financers. No ho compres directament, per\u00f2 la seva evoluci\u00f3 dicta si ganes o perds. \u00c9s com l&#8217;ingredient clau d&#8217;una recepta: pot ser que no ho vegis, per\u00f2 sense ell, res tindria sabor. Si inverteixes en derivats o productes estructurats, saber quin actiu hi ha darrere \u00e9s tan important com entendre el producte en si.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Un actiu subjacent \u00e9s l&#8217;&#8221;actiu base&#8221; sobre el qual es construeix un producte financer. \u00c9s el protagonista ocult de molts instruments com derivats, futurs, opcions o *ETFs. Encara que no sempre es veu directament, \u00e9s el que realment determina el valor d&#8217;aquest producte. El cor dels derivats Quan compres una opci\u00f3 o un futur, no [&hellip;]<\/p>\n","protected":false},"featured_media":0,"template":"","categories":[],"tags":[],"class_list":["post-110176","glosario","type-glosario","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Actiu subjacent - Tressis<\/title>\n<meta name=\"description\" content=\"\u00c9s el motor ocult de molts instruments financers. 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