{"id":1112,"date":"2012-11-28T10:19:56","date_gmt":"2012-11-28T09:19:56","guid":{"rendered":"http:\/\/blog.tressis.com\/?p=1112"},"modified":"2012-11-28T10:19:56","modified_gmt":"2012-11-28T09:19:56","slug":"en-rf-empresarial-preferimos-investment-grade-de-caracter-global-aunque-con-sesgo-a-europa-2","status":"publish","type":"post","link":"https:\/\/www.tressis.com\/ca\/blog\/en-rf-empresarial-preferimos-investment-grade-de-caracter-global-aunque-con-sesgo-a-europa-2\/","title":{"rendered":"&#8220;En RF empresarial preferimos investment grade de car\u00e1cter global, aunque con sesgo a Europa&#8221;"},"content":{"rendered":"<p>Si EEUU no pone soluci\u00f3n al Fiscal Cliff, el pa\u00eds entrar\u00e1 en recesi\u00f3n y su PIB podr\u00eda caer en torno a un 4,6% en el primer semestre de 2013.<\/p>\n<p><iframe title=\"Am\u00edlcar Barrios sobre Renta Fija Noviembre 2012\" width=\"960\" height=\"720\" src=\"https:\/\/www.youtube.com\/embed\/OYCmBfDl-Ro?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p>En los \u00faltimos d\u00edas parece que republicanos y dem\u00f3cratas est\u00e1n flexibilizando sus posturas para llegar a un acuerdo y solucionar el Fiscal Cliff. En este sentido, si tenemos <strong>renta variable estadounidense <\/strong>podemos mantenerla pero, en el caso de no estar invertidos lo mejor es mantenerse al margen esperando hechos concretos.<!--more--><\/p>\n<p>De cara a 2013 los principales catalizadores del mercado son el Fiscal Cliff \u2013si se llega a una soluci\u00f3n o no-, la petici\u00f3n de asistencia financiera por parte de Espa\u00f1a y la unificaci\u00f3n fiscal y bancaria de Europa. En caso de que en Europa se d\u00e9 uno de estos acontecimientos, podr\u00eda suponer un soporte de fortaleza para la renta variable europea.<\/p>\n<p>La <strong>renta fija empresarial <\/strong>est\u00e1 entre los activos de inversi\u00f3n m\u00e1s atractivos para los pr\u00f3ximos meses. Preferimos investment grade con car\u00e1cter global aunque con sesgo a Europa, debido a que es el mercado que menos ha corrido. \u00bfPor qu\u00e9 preferimos investment grade a high yield? Porque el high yield ha tenido buen a\u00f1o y vemos una mayor posibilidad de revalorizaci\u00f3n por contracci\u00f3n de Spreads en investment grade.<br \/>\nAdem\u00e1s, hay fondos que nos ofrecen la posibilidad de beneficiarnos de ambos activos dejando a merced del gestor la ponderaci\u00f3n de cada activo.<\/p>\n<p>A la hora de seleccionar un <strong>plan de pensiones <\/strong>lo primero que hay que mirar es el grado de riesgo que puede asumir el cliente. Al tratarse de un producto de largo plazo, hay que ir reduciendo el riesgo de los activos conforme se acerca la edad de jubilaci\u00f3n.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Si EEUU no pone soluci\u00f3n al Fiscal Cliff, el pa\u00eds entrar\u00e1 en recesi\u00f3n y su PIB podr\u00eda caer en torno a un 4,6% en el primer semestre de 2013. En los \u00faltimos d\u00edas parece que republicanos y dem\u00f3cratas est\u00e1n flexibilizando sus posturas para llegar a un acuerdo y solucionar el Fiscal Cliff. En este sentido, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1112","post","type-post","status-publish","format-standard","hentry","category-estrategias"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>&quot;En RF empresarial preferimos investment grade de car\u00e1cter global, aunque con sesgo a Europa&quot;<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tressis.com\/ca\/blog\/en-rf-empresarial-preferimos-investment-grade-de-caracter-global-aunque-con-sesgo-a-europa-2\/\" \/>\n<meta property=\"og:locale\" content=\"ca_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&quot;En RF empresarial preferimos investment grade de car\u00e1cter global, aunque con sesgo a Europa&quot;\" \/>\n<meta property=\"og:description\" content=\"Si EEUU no pone soluci\u00f3n al Fiscal Cliff, el pa\u00eds entrar\u00e1 en recesi\u00f3n y su PIB podr\u00eda caer en torno a un 4,6% en el primer semestre de 2013. 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