Investing in securities

[RNelson]

How do Argentine residents invest in 1) USD inflation-protected bonds like TIPS and 2) mutual funds or ETFs indexed on the S&P 500? I've never heard Argentine friends or family mention small-scale investing, except to deride "betting" on individual local stocks (I agree, individual stocks are too risky for most of us). I understand that it just might not be accessible to middle class Argentinos or advantageous from a tax perspective. But, if not, do people use Interactive Brokers? Are there any good "nacional" brokerages that allow investment in USD denominated securities?

 

[lunar]

1) USD inflation-protected bonds like TIPS

There are CDs protected against Argentinean inflation. So called "Plazo Fijo UVA". How they calculate inflation is a different story.

Plazo fijo tradicional o UVA: cuál conviene con la nueva suba de tasas prevista

El mercado espera otra suba de tasas de interés esta semana, por lo que el plazo fijo tradicional podría percibirse como más atractivo que los depósitos atados al UVA.

www.cronista.com

Nothing USD-denominated, naturally.

2) mutual funds or ETFs indexed on the S&P 500?

Many banks offer mutual funds investing options.

Invertí en Superfondos - Personas | Banco Santander

Santander te ofrece Superfondos para invertir de la mano de los que saben. Podés hacerlo desde la App y Online Banking.

www.santander.com.ar

There are local brokerages as well.

Inicio | Tu momento de invertir es hoy | IOL invertironline

Somos IOL invertironline, el broker N°1 del mercado con más de 20 años de pasión por las finanzas. Potenciá tus ahorros e invertí en Acciones, CEDEARs, Bonos, Dólar MEP y muchos instrumentos más.

invertironline.com

(Just to give one example).

 

[jowen71]

How do you invest in an ETF in Argentina?

Through CDRs, often through a brokerage or sometimes through their bank. Banks in Argentina do not have the same restriction regarding being a full service bank in Argentina as they do in other countries. That is, you can do your checking as well as investing through the same bank.

There are currently 9 ETF options in Argentina that function through CDRs. One is an S&P 500 index fund. Others are the Dow Jones, emerging markets, and a few industry ETFs. They first became available early this year.

 

[Quilombo]

Important to note: As of today if you receive a utility subsidy you will be prohibited from accessing the MEP, CCL, and cedears in addition to the previously prohibited savings dollar.