While the hryvnia exchange rate remains relatively stable, we can use even higher rates on deposits and are still a low value of the securities
Beginning of the year in global financial markets was marked by strong growth, and this trend has continued, even though the number of negative news, such as the failure of the voting for the abolition of the automatic cuts in the US budget, the uncertainty of the elections in Italy and measures to combat the growth of real estate prices in China Market Stability negative news indicates its strength and the likely continuation of growth. Global peaks on US indices are very close, as well as growth in the United States quotations, more investors will pay attention to the emerging markets, of which Ukraine is one of the cheapest.
Do not forget to monitor the liquidity, as trading volumes in recent years is very reduced and can be difficult to get out of the investment in shares of the second and third tier. While the overall trend is likely to increase - in the middle of March, we can expect some correction in the closing position arbitration-ditch on the March futures contract on the index UX. It may be a good entry point in Ukrainian stocks and funds.
Inflation in the world remains under control, monetary stimulus is not built up, and on the contrary, more and more talk about reducing it, at least in the United States. Because gold is not significant movement is expected, most likely, prices will remain in the area of $ 1600 per ounce, or a little below. I do not think that now is profitable to invest in this metal.
The world continues to rally in bonds of developing countries, including Ukraine. Accordingly, and reduced rates. Taking into account that in recent months there is deflation, the real hryvnia rate in the country remains extremely high. We can expect further reduce them, and on deposits, and other instruments.
In other words, if there are plans to place the funds on deposit - it is better not to procrastinate and to take advantage of offers of banks.
Because dollar instruments currency government bonds are now preferred bank deposits, rates are the same as or slightly higher (about 6-7%), and the credit risk of the state, of course, below the bank. The course of hryvnia at least in short term, is likely to remain stable.
INVESTIDEI for March
by Ilya PORKALOVA, asset manager of AMC "Dragon Asset Management"