Investment opportunities?The trends and industries that will mark 2022

Will there be another crypto boom?

That is what many fans and experts are wondering. En 2021 Bitcoin creció 63%, considerablemente más que índices tradicionales, como el S&P 500 (29%), el Dow Jones (20%) y el Nasdaq-100 (30%)."Bitcoin and cryptocurrencies will continue to grow because inflation will be present at 2022," says Cristián Lecaros, easy investment CEO.

“There are more information available, more people will continue to learn from crypts and more companies will generate cases of daily use.While this continues to occur the market will continue to grow.The appearance of digital wallets that facilitate the interaction between crypts and everyday people, ”says Sebastián Reyes, how Vita Wallet.

And he adds: “Bitcoin and Ethereum are the most established and best reputation projects in the market, and it will continue to be so for the next few years.There are others also such as Cardano, Solana and Polkadot that are growing quite fast and with extremely interesting cases.In Latin America, stablecoins are attractive for their ease of buying and sale of dollars ”.

For his part, Javier Luongo, head of sales in Orionx, says that “there are more and more ways to exchange cryptocurrencies for Chilean pesos or other currency for free disposition, such as cashiers, exchange houses and debit and credit cards.On the other hand, the 2022 will write the Fintech law that we believe will define a regulatory framework that could be very optimistic for the cryptocurrency industry in Chile ”.

The uncertainty of the dollar

In December the value of the dollar reached historical maximums ($ 876).And while in recent days their price has dropped, some experts project that in 2022 the American currency could continue to rise.Is this a good opportunity to invest in the US currency?

“The big question is whether the sustained rise in the dollar will remain, or we will see it fall.There are currently factors that are playing both in favor and against the dollar related to Chilean peso, ”says Manuel Ugalde, head of XTB Latam studies.And he adds: “The new Constitution does not undermine the attractiveness of investments at the local level and the country risk is gradually giving.

We could see lower dollar prices for 2022, more consistent with high levels of the current price of copper and rates differentials and inflation between Chile and the United States, which so far have not been reflected in the prices of the dollar ”.

Ugalde establishes that “betting on new increases in the American currency is equivalent to betting on a scenario where the new Constitution or the Gabriel Boric government promotes rapid and transgressive changes that structurally impact local markets on local markets.We recommend closely monitoring the political scenario and the advances of the Constitutional Convention.Until more information, we believe there is more downward space than upwards ".

An industry: technology and science

Cristián Lecaros is sharp: “All business models based on digital and with disruptive models will always be good investments.Connectivity, the last mile, 5G wireless networks and autonomous cars have space to grow ”.

Something different says Francisco Errandonea, partner of Soyfocus: “We prefer not to take positions by sectors, although technology and science are items that we believe should continue leading innovation and growth.This is because the valuations already include it, so they do not necessarily move on the actions to be the stars ”.

Por su parte, José Luis Luarte, Head of Balanced Funds & Real Estate de Zurich AGF, dice que la inteligencia artificial es otra tendencia que debiera seguir creciendo durante 2022: “Existen cuatro elementos que la sostienen; big data, aplicaciones, nube y redes (deep learning).The companies that develop some of these pillars to improve their productivity will be the great winners in the coming years ”.

Real-estate market

The real estate industry does not go through its best moment, especially by the increase in UF and interest rates.However, this 2022 will continue to be a key item in the investment market.What will happen to the leases, purchases and the offices industry?

“We project the lease market, both at home and in departments, it will be very dynamic.This is because access to financing will be more restricted, so many people will opt for the lease, ”says Víctor Danús, general manager of Prourbe real estate management, and who adds that sales of properties of less than 7 thousand UF will be“ especially contracted, given the greatest restrictions on mortgage loans ".

Regarding the investment departments, Felipe Aldunate, Commercial Manager of Smartchoice, says that “the vast majority will bet on white or green purchases, with deliveries in 2023 onwards.This, thinking of a stabilization in rates and improvements in financing conditions ”.

And the offices?Carolina Ortiz, Commercial Sub -Manager of BMI Real Estate Services, points out that 2022 will be dynamic and that “there will be higher levels of occupation than the current.For investors, the most attractive opportunities will be open, flexible spaces, which have common, collaborative and sustainable and intelligent buildings, with good accesses and connectivity, allowing transfer times for workers for workers giving priority to other activities ”.

ESG investments

As more companies are committed to making a transition to the "green", or they are forced to do so by regulators, investments with environmental, social and corporate government (ESG) take more strength and should beSurely in your investment portfolio.

But how to invest?The easiest way is through bags quoted in the stock market (ETF). En Chile, por ejemplo, está al S&P IPSA ESG Tilted Index, que mide la sustentabilidad de acciones chilenas como SQM-B, CMPC y Enel.

Outside you can also find different options such as the Real Assets EST ETF and Ishares Esg Aware MSCI USA ETF.

“We anticipate that the focus on good governance, sustainability and performance of the company will continue to evolve in the next year.Strong leadership and capacity to respond to changing conditions will be key to providing value to shareholders against short -term commercial challenges and longer -term changes in society, including global energy transition, ”they said in a report fromBlackrock.

Eye in commodities

Following the previous point, copper would be one of the commodities most benefited by the transition from companies to the ESG standard, also considering the rise of electric vehicles that require red metal for their circuits.

However, copper can also present high volatility in 2022 following the movements made by China, the main buyer of this product.

“If things are still in order, we might think that copper will continue to maintain good performance levels.On the contrary, if material adjustments are verified especially related to a process of less systematic or material growth in the great economy of Asia, a drop in demand for this product and a contraction in the price is likely, ”says thePKF Chile economist and partner, Héctor Osorio.

In this sense, the expert affirms that one of the great attractions in raw materials around 2022 will be grains and food, because, once the monetary stimulus from the great economies, some industries such as mining and energy could probably endbe a little felled.

Chilean bag volatility

Hasta ahora, la bolsa chilena acumula un crecimiento sobre 2% en lo que va de 2021, permitiendo que el S&P IPSA deje atrás tres años en rojo.The big question is, will the recovery be maintained for 2022?How to know what actions to choose from?

The response of the vast majority of experts is that volatility will not disappear, but good returns will be seen as problems with the incoming government and the constitutional convention will arise.

Along these lines, companies that will have space to highlight in 2022 according to BICE investments are those linked to retail sectors as shopping centers, since they will be supported by the standardization of the transit of users and tenants.

Likewise, the electrical sector could be another beneficiary in case the overruns by drought and regulatory aspects such as the Basic Services Law towards the end of the year or 2023 are normalized.

"We hope that there will be dollarized cost pressure in the beverage and consumption sector, while banks could see a standardization of provisions, which would imply slight fallen in use in an environment of higher interest rates," says the deputy manager of studies ofLocal Variable Investment Investments, Aldo Morales.

Is it a better year for fixed income?

From 10% withdrawals to the rise in rates by the Central Bank, there were several factors that dragged for 2021 to the fixed income market.However, according to market analysts, we must not lose hope.

"To the extent that uncertainty decreases and events such as withdrawals do not occur, the prospects for local fixed income are more positive than those of this year," explains the chief economist of Bice Investments, Marco Correa."This year for the rise in rates we saw capital losses, but that also implies that the accrual of the instruments is now higher, which would allow a recovery of this kind of asset in the medium and long term," he adds.

Along these lines, the recommendation for the next year is to invest in indexed assets to the UF, as well as short and medium -term duration instruments, since according to experts, the risks at the local level are aligned with greater inflation.

“In general we recommend having diversified positions, not ruling out any type of asset a priori.However, given the prospects and risks we see forward, we estimate that having a higher percentage of assets in pesos could be more risky at this time, ”says Correa.