{"id":213331,"date":"2023-02-19T15:19:25","date_gmt":"2023-02-19T15:19:25","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=213331"},"modified":"2023-02-19T15:19:25","modified_gmt":"2023-02-19T15:19:25","slug":"dupa-ce-anul-trecut-bursele-s-au-jucat-cu-nervii-si-portofelele-investitorilor-titlurile-de-stat-si-obligatiunile-coporative-care-au-un-grad-scazut-de-risc-au-devenit-brusc-noile-vedete-ale-investi","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=213331","title":{"rendered":"Dup\u0103 ce anul trecut bursele s-au jucat cu nervii \u015fi portofelele investitorilor, titlurile de stat \u015fi obliga\u0163iunile coporative, care au un grad sc\u0103zut de risc, au devenit brusc noile vedete ale investi\u0163iilor"},"content":{"rendered":"<p>\nInvestitorii se \u00eenghesuie \u00een acest an \u00een obliga\u0163iuni corporative \u00eentr-un ritm record, reflect\u00e2nd entuziasmul lor pentru o clas\u0103 de active care este considerat\u0103 de obicei ca av\u00e2nd un risc relativ sc\u0103zut, dar care ofer\u0103 acum cele mai bune randamente din ultimii ani, scrie FT.&nbsp;<\/p>\n<p>\n19 miliarde de dolari au fost investi\u0163i \u00een fondurile care cump\u0103r\u0103 obliga\u0163iuni corporative din \u00eentreaga lume de la \u00eenceputul anului 2023, cea mai mare sum\u0103 \u00eenregistrat\u0103 vreodat\u0103 \u00een acest moment al anului, potrivit datelor furnizate de EPFR, care urm\u0103re\u015fte fluxurile de fonduri.<\/p>\n<p>\nFluxul de numerar care a inundat clasa de active subliniaz\u0103 dorin\u0163a investitorilor de profita de randamentele ridicate \u015fi de faptul c\u0103 nu mai trebuie s\u0103 se duc\u0103 spre investi\u0163ii mai riscante \u00een c\u0103utarea unor randamente decente.<\/p>\n<p>\n&#8220;Practic, venitul fix pare mult mai atractiv dec\u00e2t \u00een anii anteriori&#8221;, potrivit lui Matt Mish, \u015feful strategiei de credit la UBS. &#8220;Euforia din jurul investment grade corporate bonds este, \u00een principiu, mai larg aceast\u0103 euforie \u00een jurul randamentelor&#8221;, a ad\u0103ugat el. &#8220;Cel pu\u0163in \u00een raport cu anul trecut \u015fi, \u00eentr-adev\u0103r, \u00een raport cu cea mai mare parte a ultimului deceniu, [datoriile corporative de \u00eenalt\u0103 calitate] ofer\u0103 randamente care sunt considerabil mai mari.&#8221;<\/p>\n<p>\nRandamentele medii ale titlurilor de stat americane corporate-grade au urcat la 5,45%, de la 3,1% \u00een urm\u0103 cu un an, dup\u0103 ce la sf\u00e2r\u015fitul anului trecut au atins cel mai ridicat nivel din 2009 \u00eencoace. Cea mai mare parte a acestei cre\u015fteri a reflectat o v\u00e2nzare generalizat\u0103 de titluri cu venit fix \u00een ultimul an, deoarece Rezerva Federal\u0103 &#8211; ca \u015fi alte b\u0103nci centrale mari &#8211; a majorat rapid ratele dob\u00e2nzilor \u00een \u00eencercarea de a stopa infla\u0163ia foarte ridicat\u0103.<\/p>\n<p>\nDe asemenea, randamentele au s\u0103rit \u015fi \u00een cazul datoriilor mai speculative cu rating junk, dar mul\u0163i administratori de fonduri spun c\u0103 prefer\u0103 s\u0103 r\u0103m\u00e2n\u0103 la datoriile emise de companii mai bine plasate pentru a face fa\u0163\u0103 unei poten\u0163iale \u00eencetiniri economice, pe m\u0103sur\u0103 ce ratele mai mari ale dob\u00e2nzilor \u00eencetinesc economia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investitorii se \u00eenghesuie \u00een acest an \u00een obliga\u0163iuni corporative \u00eentr-un ritm record, reflect\u00e2nd entuziasmul lor pentru o clas\u0103 de active care este considerat\u0103 de obicei ca av\u00e2nd un risc relativ sc\u0103zut, dar care ofer\u0103 acum cele mai bune randamente din ultimii ani, scrie FT.&nbsp; 19 miliarde de dolari au fost investi\u0163i \u00een fondurile care cump\u0103r\u0103 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[7148,7633],"class_list":["post-213331","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-fonduri","tag-investitori"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/213331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=213331"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/213331\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=213331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=213331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=213331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}