{"id":10573,"date":"2016-07-13T00:00:00","date_gmt":"2016-07-12T22:00:00","guid":{"rendered":"https:\/\/diverinvest.es\/3740\/"},"modified":"2024-01-16T16:52:52","modified_gmt":"2024-01-16T15:52:52","slug":"3740","status":"publish","type":"post","link":"https:\/\/diverinvest.es\/ca\/3740\/","title":{"rendered":"12\/07\/2016 Dimarts Inspira: Bond replacements. Alternatives a Renda fixa"},"content":{"rendered":"<p><a href=\"https:\/\/diverinvest.es\/wp-content\/uploads\/GAM1.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/diverinvest.es\/wp-content\/uploads\/GAM1.jpg\" alt=\"GAM\" width=\"300\" height=\"267\" class=\"alignleft size-medium wp-image-3735\" \/><\/a> Ahir vam comptar en els nostres dimarts INSPIRA amb la <strong>gestora global GAM <\/strong>on va compartir amb els assistents el seu an\u00e0lisis sobre la nova \u201canormalitat\u201d creada en els mercats financers amb la intervenci\u00f3 hist\u00f2rica dels Bancs Centrals que han portat els tipus d&#8217;inter\u00e9s a tasas negatives. Al seu judici, ens enfrontem a un dilatat per\u00edode de temps en el que les tases d&#8217;inter\u00e8s romandran anormalment baixes, amb les conseq\u00fc\u00e8ncies que aix\u00f2 comporta per a estalviadors e inversors. <\/p>\n<p>En el nou escenari en el que ens trobem hem de cambiar la nostra forma d&#8217;analitzar els diferents actius. Ara no nom\u00e9s hem d&#8217;atendre els \u201cFundamentals\u201d d&#8217;una empresa o econom\u00eda pel que fa a la seva posici\u00f3 de mercat, equilibri patrimonial, endeutament, internacionalizaci\u00f3 etc. Existeixen altres 3 \u201cdrivers\u201d als que tenim que antendre: \u201c Intervenci\u00f3 dels Bancs Centrals\u201d, \u201cNormativa Regulatoria dels Mercats Financers\u201d  i  \u201cAn\u00e0lisis Conductual dels Inversors&#8221;.<\/p>\n<p>Com a idees d&#8217;inversi\u00f3 en les que veuen valor, ens va parlar d&#8217;actius financers lligats al mercat inmobiliari a Estats Units, bastant m\u00e9s sanejat despr\u00e9s de la crisis de les \u201csubprime\u201d, en els que encara es poden trobar rentabilitats entorn al 3,5%. Tamb\u00e9 veuen oportunitats en renda fixa d&#8217;alguns pa\u00efsos emergents. <\/p>\n<p>En Renda Variable, veuen major potencial de revaloritzaci\u00f3 a Europa m\u00e9s que en Estats Units. Les males not\u00edcies per a Europa, vindrien m\u00e9s dels riscos geopol\u00edtics que frenar\u00e0 o impediran un enfortiment de la Uni\u00f3 Europea, que d&#8217;una crisis econ\u00f2mica. La bona noticia per a les empreses europees es que, en els \u00faltims anys, el 60% dels seus beneficis es generen per a les vendes a la resta de m\u00f3n, situaci\u00f3 que no s&#8217;est\u00e0 veient reflexada en les cotitzacions borsaris precisament per els riscs geopol\u00edtics de la nostra vella Europa.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ahir vam comptar en els nostres dimarts INSPIRA amb la gestora global GAM on va compartir amb els assistents el seu an\u00e0lisis sobre la nova \u201canormalitat\u201d creada en els mercats financers amb la intervenci\u00f3 hist\u00f2rica dels Bancs Centrals que han portat els tipus d&#8217;inter\u00e9s a tasas negatives. Al seu judici, ens enfrontem a un dilatat [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":9132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87],"tags":[],"class_list":["post-10573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-prensa-y-actualidad"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>12\/07\/2016 Dimarts Inspira: Bond replacements. Alternatives a Renda fixa - DiverInvest<\/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:\/\/diverinvest.es\/ca\/3740\/\" \/>\n<meta property=\"og:locale\" content=\"ca_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"12\/07\/2016 Dimarts Inspira: Bond replacements. Alternatives a Renda fixa - DiverInvest\" \/>\n<meta property=\"og:description\" content=\"Ahir vam comptar en els nostres dimarts INSPIRA amb la gestora global GAM on va compartir amb els assistents el seu an\u00e0lisis sobre la nova \u201canormalitat\u201d creada en els mercats financers amb la intervenci\u00f3 hist\u00f2rica dels Bancs Centrals que han portat els tipus d&#8217;inter\u00e9s a tasas negatives. Al seu judici, ens enfrontem a un dilatat [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/diverinvest.es\/ca\/3740\/\" \/>\n<meta property=\"og:site_name\" content=\"DiverInvest\" \/>\n<meta property=\"article:published_time\" content=\"2016-07-12T22:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-16T15:52:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/diverinvest.es\/wp-content\/uploads\/GAM1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"480\" \/>\n\t<meta property=\"og:image:height\" content=\"427\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"websalia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrit per\" \/>\n\t<meta name=\"twitter:data1\" content=\"websalia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Temps estimat de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minuts\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/diverinvest.es\\\/ca\\\/3740\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/diverinvest.es\\\/ca\\\/3740\\\/\"},\"author\":{\"name\":\"websalia\",\"@id\":\"https:\\\/\\\/diverinvest.es\\\/ca\\\/#\\\/schema\\\/person\\\/91003206ff1ab9f694a2285ceb978aa3\"},\"headline\":\"12\\\/07\\\/2016 Dimarts Inspira: Bond replacements. Alternatives a Renda fixa\",\"datePublished\":\"2016-07-12T22:00:00+00:00\",\"dateModified\":\"2024-01-16T15:52:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/diverinvest.es\\\/ca\\\/3740\\\/\"},\"wordCount\":320,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/diverinvest.es\\\/ca\\\/3740\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/diverinvest.es\\\/wp-content\\\/uploads\\\/GAM1.jpg\",\"articleSection\":[\"Prensa y Actualidad\"],\"inLanguage\":\"ca\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/diverinvest.es\\\/ca\\\/3740\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/diverinvest.es\\\/ca\\\/3740\\\/\",\"url\":\"https:\\\/\\\/diverinvest.es\\\/ca\\\/3740\\\/\",\"name\":\"12\\\/07\\\/2016 Dimarts Inspira: Bond replacements. Alternatives a Renda fixa - DiverInvest\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/diverinvest.es\\\/ca\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/diverinvest.es\\\/ca\\\/3740\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/diverinvest.es\\\/ca\\\/3740\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/diverinvest.es\\\/wp-content\\\/uploads\\\/GAM1.jpg\",\"datePublished\":\"2016-07-12T22:00:00+00:00\",\"dateModified\":\"2024-01-16T15:52:52+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/diverinvest.es\\\/ca\\\/#\\\/schema\\\/person\\\/91003206ff1ab9f694a2285ceb978aa3\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/diverinvest.es\\\/ca\\\/3740\\\/#breadcrumb\"},\"inLanguage\":\"ca\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/diverinvest.es\\\/ca\\\/3740\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ca\",\"@id\":\"https:\\\/\\\/diverinvest.es\\\/ca\\\/3740\\\/#primaryimage\",\"url\":\"https:\\\/\\\/diverinvest.es\\\/wp-content\\\/uploads\\\/GAM1.jpg\",\"contentUrl\":\"https:\\\/\\\/diverinvest.es\\\/wp-content\\\/uploads\\\/GAM1.jpg\",\"width\":480,\"height\":427},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/diverinvest.es\\\/ca\\\/3740\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\\\/\\\/diverinvest.es\\\/ca\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"12\\\/07\\\/2016 Dimarts Inspira: Bond replacements. Alternatives a Renda fixa\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/diverinvest.es\\\/ca\\\/#website\",\"url\":\"https:\\\/\\\/diverinvest.es\\\/ca\\\/\",\"name\":\"DiverInvest\",\"description\":\"Corporate Family Office\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/diverinvest.es\\\/ca\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ca\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/diverinvest.es\\\/ca\\\/#\\\/schema\\\/person\\\/91003206ff1ab9f694a2285ceb978aa3\",\"name\":\"websalia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ca\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fc5095c82364285cf0856d4b5beed3f1824191a8900bf32e522aa42feff35088?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fc5095c82364285cf0856d4b5beed3f1824191a8900bf32e522aa42feff35088?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fc5095c82364285cf0856d4b5beed3f1824191a8900bf32e522aa42feff35088?s=96&d=mm&r=g\",\"caption\":\"websalia\"},\"url\":\"https:\\\/\\\/diverinvest.es\\\/ca\\\/author\\\/websalia\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"12\/07\/2016 Dimarts Inspira: Bond replacements. Alternatives a Renda fixa - DiverInvest","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/diverinvest.es\/ca\/3740\/","og_locale":"ca_ES","og_type":"article","og_title":"12\/07\/2016 Dimarts Inspira: Bond replacements. Alternatives a Renda fixa - DiverInvest","og_description":"Ahir vam comptar en els nostres dimarts INSPIRA amb la gestora global GAM on va compartir amb els assistents el seu an\u00e0lisis sobre la nova \u201canormalitat\u201d creada en els mercats financers amb la intervenci\u00f3 hist\u00f2rica dels Bancs Centrals que han portat els tipus d&#8217;inter\u00e9s a tasas negatives. Al seu judici, ens enfrontem a un dilatat [&hellip;]","og_url":"https:\/\/diverinvest.es\/ca\/3740\/","og_site_name":"DiverInvest","article_published_time":"2016-07-12T22:00:00+00:00","article_modified_time":"2024-01-16T15:52:52+00:00","og_image":[{"width":480,"height":427,"url":"https:\/\/diverinvest.es\/wp-content\/uploads\/GAM1.jpg","type":"image\/jpeg"}],"author":"websalia","twitter_card":"summary_large_image","twitter_misc":{"Escrit per":"websalia","Temps estimat de lectura":"2 minuts"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/diverinvest.es\/ca\/3740\/#article","isPartOf":{"@id":"https:\/\/diverinvest.es\/ca\/3740\/"},"author":{"name":"websalia","@id":"https:\/\/diverinvest.es\/ca\/#\/schema\/person\/91003206ff1ab9f694a2285ceb978aa3"},"headline":"12\/07\/2016 Dimarts Inspira: Bond replacements. Alternatives a Renda fixa","datePublished":"2016-07-12T22:00:00+00:00","dateModified":"2024-01-16T15:52:52+00:00","mainEntityOfPage":{"@id":"https:\/\/diverinvest.es\/ca\/3740\/"},"wordCount":320,"commentCount":0,"image":{"@id":"https:\/\/diverinvest.es\/ca\/3740\/#primaryimage"},"thumbnailUrl":"https:\/\/diverinvest.es\/wp-content\/uploads\/GAM1.jpg","articleSection":["Prensa y Actualidad"],"inLanguage":"ca","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/diverinvest.es\/ca\/3740\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/diverinvest.es\/ca\/3740\/","url":"https:\/\/diverinvest.es\/ca\/3740\/","name":"12\/07\/2016 Dimarts Inspira: Bond replacements. Alternatives a Renda fixa - DiverInvest","isPartOf":{"@id":"https:\/\/diverinvest.es\/ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/diverinvest.es\/ca\/3740\/#primaryimage"},"image":{"@id":"https:\/\/diverinvest.es\/ca\/3740\/#primaryimage"},"thumbnailUrl":"https:\/\/diverinvest.es\/wp-content\/uploads\/GAM1.jpg","datePublished":"2016-07-12T22:00:00+00:00","dateModified":"2024-01-16T15:52:52+00:00","author":{"@id":"https:\/\/diverinvest.es\/ca\/#\/schema\/person\/91003206ff1ab9f694a2285ceb978aa3"},"breadcrumb":{"@id":"https:\/\/diverinvest.es\/ca\/3740\/#breadcrumb"},"inLanguage":"ca","potentialAction":[{"@type":"ReadAction","target":["https:\/\/diverinvest.es\/ca\/3740\/"]}]},{"@type":"ImageObject","inLanguage":"ca","@id":"https:\/\/diverinvest.es\/ca\/3740\/#primaryimage","url":"https:\/\/diverinvest.es\/wp-content\/uploads\/GAM1.jpg","contentUrl":"https:\/\/diverinvest.es\/wp-content\/uploads\/GAM1.jpg","width":480,"height":427},{"@type":"BreadcrumbList","@id":"https:\/\/diverinvest.es\/ca\/3740\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/diverinvest.es\/ca\/"},{"@type":"ListItem","position":2,"name":"12\/07\/2016 Dimarts Inspira: Bond replacements. Alternatives a Renda fixa"}]},{"@type":"WebSite","@id":"https:\/\/diverinvest.es\/ca\/#website","url":"https:\/\/diverinvest.es\/ca\/","name":"DiverInvest","description":"Corporate Family Office","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/diverinvest.es\/ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ca"},{"@type":"Person","@id":"https:\/\/diverinvest.es\/ca\/#\/schema\/person\/91003206ff1ab9f694a2285ceb978aa3","name":"websalia","image":{"@type":"ImageObject","inLanguage":"ca","@id":"https:\/\/secure.gravatar.com\/avatar\/fc5095c82364285cf0856d4b5beed3f1824191a8900bf32e522aa42feff35088?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/fc5095c82364285cf0856d4b5beed3f1824191a8900bf32e522aa42feff35088?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fc5095c82364285cf0856d4b5beed3f1824191a8900bf32e522aa42feff35088?s=96&d=mm&r=g","caption":"websalia"},"url":"https:\/\/diverinvest.es\/ca\/author\/websalia\/"}]}},"_links":{"self":[{"href":"https:\/\/diverinvest.es\/ca\/wp-json\/wp\/v2\/posts\/10573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/diverinvest.es\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/diverinvest.es\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/diverinvest.es\/ca\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/diverinvest.es\/ca\/wp-json\/wp\/v2\/comments?post=10573"}],"version-history":[{"count":0,"href":"https:\/\/diverinvest.es\/ca\/wp-json\/wp\/v2\/posts\/10573\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/diverinvest.es\/ca\/wp-json\/wp\/v2\/media\/9132"}],"wp:attachment":[{"href":"https:\/\/diverinvest.es\/ca\/wp-json\/wp\/v2\/media?parent=10573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/diverinvest.es\/ca\/wp-json\/wp\/v2\/categories?post=10573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/diverinvest.es\/ca\/wp-json\/wp\/v2\/tags?post=10573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}