Andalusia is «a great magnet for business, knowledge and investment in southern Europe».

Posted on febrero 16, 2022 por admin

The President of the Junta de Andalucía will celebrate Andalusia’s «Day of Honour» this Saturday at an international exhibition.

The President of the Andalusian Parliament, Juanma Moreno, visited the Spanish Pavilion atthe Dubai Expo this Saturday and stressed that Andalusia is «a great magnet for attracting companies, knowledge and investment from southern Europe».

Andalusia is an attractive place for companies, knowledge and investment from southern Europe, as well as a gateway to Africa,» said the president, who added that the crisis caused by the coronavirus pandemic «is a unique opportunity that we have not had in a long time to exploit all the potential that this country has».

On the second day of his official visit to the United Arab Emirates, the President visited the Spanish Pavilion at the Dubai Expo, where he raised the Spanish and Andalusian flags before addressing the Andalusian Day of Honour.

He was also accompanied by the Mayor of Malaga, Francisco de la Torre, to launch the candidacy to host the international exhibition in 2027.

In his speech, Moreno recalled that the Expo held in Seville in 1992 opened the way to progress and modernisation in Andalusia, and said that the Emirate and the Andalusian community are «symbols of cultural diversity», «crossroads of paths and ideas» and «special bridges for mutual understanding and harmony between peoples». He stressed that these are «intangible values of civilisation that must be nurtured and cultivated to guide our actions, as the best vaccine against intolerance and conflict».

He pointed out that the cultural heritage of Al-Andalusia is still present at all levels of Andalusian society, in the vocabulary we use, in the beauty of the Alhambra in Granada and in the recipes of its famous gastronomy.

Moreno pointed out that Andalusia faces future challenges because of the coronavirus outbreak, «firmly linked to this unprecedented present that we are suffering,» he said, expressing hope that the fight against the virus will be won. He added. We, including the dynamic and passionate Andalusians, see this great crisis as a unique opportunity to exploit our full potential, which we have not used for a long time.

He explained that this potential is based on the talent and capacity of Andalusians, who have finally recovered their brilliance, not only in culture, but also in the digital world, biomedicine, aeronautics and engineering, topping the main macroeconomic indicators for the first time.

He also said that while the last three years have seen extraordinary changes in our country, with pandemics that have brought all processes to a standstill, «it is also an ideal test case to see if existing policies are working».

The President stressed that with measures such as the reduction of administrative hurdles without losing legal certainty and the minimisation of taxes to increase fiscal competitiveness, «our relationship with the manufacturing sector has recovered in record time» and «we have become an important partner to listen and respond to their demands». He also stressed that public-private partnerships are being encouraged to involve our companies in major projects and to go further.

The President should evaluate all investments to make them a reality, in order to stimulate wealth and job creation. It appreciates that the business community is doing all it can to create better jobs, increase investment and attract foreign investment.

According to Juanma Moreno, Andalusia has a strategic location for those who want to capture not only the Spanish market, but also the whole of the EU and North Africa.

Major Projects

Moreno stressed that Andalusia is poised to take its place on the world stage as a region with the ambition to conquer very high standards: the projects in the field of artificial intelligence developed by Google and Indra in collaboration with the University of Granada, the European Research and Development Centre Recently opened by Vodafone in Malaga, he believes this will be possible thanks to important projects such as the IFMIF-DONES particle accelerator, which aims to reproduce the energy produced by the sun to develop new forms of green and sustainable energy, and work in the regions of Huelva (CEUS) and Jaen (ATLAS). We have pioneering projects in the field of unmanned aerial vehicles.

He also stressed that Andalusia is a leader in the fight against climate change and in the responsible use of natural resources. He also expressed his intention to accelerate the transition to a more environmentally friendly production model, stressing that «far from being a problem, it is a unique opportunity to develop this peculiar region as never before».

In short, he defended Andalusia as a country with a universal projection that promotes harmony between peoples and has much to offer the world.

Bank deposits

Posted on enero 18, 2022 por admin

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Interested in investing in bank deposits?

Bank deposits are a form of medium- and long-term savings where the interest rate varies according to the balance of the deposit and the length of time it is held.

Individuals deposit their own money with a financial institution, which in turn holds the funds and repays interest. This interest is paid until the end of the agreed period or until the client fulfils the conditions required by the organisation.

Are you interested in investment deposits? Although banks currently offer very low yields on deposits, they can be a very good option, especially to reduce the negative impact of inflation on your savings. If you are one of these people, please consider it.

You have an image of being a conservative investor.
✔ You are more concerned about security than income.
✔ You are looking for a certain return, even if it is low.

The difference between a deposit and an interest-bearing account: which one to choose?

Both are forms of long-term savings, but there are some differences between an interest-bearing account and a bank deposit.

The main difference between an interest-bearing account and a term deposit is that a term deposit has a fixed term (e.g. one, three or five years), while the funds can be withdrawn when needed.

There are also different repayment options: interest-bearing accounts can be paid monthly, quarterly, semi-annually or annually, while term deposits (the most common) are paid to the customer only at the end of the term. Some other types of payments are made on a regular basis.

Another difference is the maximum balance payable and the terms of the agreement. Interest-bearing accounts tend to have lower balances than deposits. In addition, they require more conditions than deposits, such as being in receipt of a salary.

Which one should you choose? If liquidity is important to you, an interest-bearing account is the best option, as it offers a certain return and can be used for various banking activities. On the other hand, if you do not need the money immediately, a high-yield bank deposit is a good option for making a profit.

How much money can I earn with a bank deposit?

Currently, you can earn up to 1.17% annual interest on your deposits. Specifically, this return is offered by J&T Bank on the Raisin platform for 60 months. As you can see, this return can only be achieved over a longer period. In this case, five years.

Let’s look at an example to see how much you could earn if you invest in a deposit for a more typical period of 36 months (3 years).

You have 30,000 euros deposited in a bank term deposit.
Deposit term: 36 months
Yield is 1% p.a. / INR
Interest is paid in instalments.

If you choose this option, after 3 years (36 months), you will get back the extra 30,000 euros and a profit of 900 euros, a total of 30,900 euros. This means that

30,000 euros x 1% NIR x 3 years = 900 euros fixed interest on your original investment.

Interest rate on deposits

Demand deposit

So-called demand deposits can be withdrawn or deposited at any time without prior notice or penalty to the contracting financial institution. However, they generally do not generate a profit. A current account is a type of demand deposit.

Time deposit.

The most common type of deposit. These are funds that are invested for a fixed period of time and earn interest. The repayment term is set by the bank and is usually priced so that the longer the term, the higher the interest rate.

If you try to withdraw your money before maturity, the bank is likely to penalise you.

Structured deposits

They are similar to term deposits, but with a different term. The main difference between the two is that a structured or variable deposit does not guarantee a constant return: it depends on the evolution of the financial asset. This is because part of the money is invested in the financial market to obtain that return. However, although term deposits are not as safe, they can have higher interest rates.

How to choose the best bank deposit

The basics: use our deposit comparison tool to choose the deposit that best suits your needs, including maturity and yield. And here’s a list of things to consider when choosing a deposit.

Objective and financial needs

Bank deposits are a financial product designed for the most conservative savers. As they do not invest in money market assets, they are a risk-free long-term savings formula (with the exception of variable rate deposits and structured deposits).

However, this low level of risk is also reflected in the rewards, which are lower than those of other investment products.

This product is suitable for individuals who wish to increase the return on the uninvested portion of their savings and protect their assets in the event of inflation.

Minimum and maximum investment amounts

When investing funds in medium- and long-term savings products, most financial institutions require a minimum amount to reward the customer. In the case of deposits, financial institutions usually set a minimum amount of between 5,000 and 10,000 euros (although in some cases it can be as low as 1 euro).

The maximum amount varies considerably from bank to bank. Some cannot exceed 100,000 euros, the amount guaranteed by the Deposit Insurance Fund, while others extend it further.

Permanent and early withdrawal

Before making a deposit, it is important to pay attention to the duration of the deposit. As the name implies, a term deposit stipulates that the funds cannot be used for a certain period of time.

In return for this permanence, only in most cases will you receive a payment at the end of the deposit period. In other words, the longer you keep your savings, the higher the bonus the bank will offer you.

Another important thing to check before signing a deposit contract is whether there is an early termination option. This means that in case of unforeseen circumstances or emergencies, you will be able to withdraw your funds. Of course, the organisation usually has penalties in place for such an eventuality, such as the cancellation of the customer’s bonus.

Renewal option

If you want to deposit part of your savings for a long time, you can choose the rollover option, provided that the product institution with which you have a contract allows rollover.

It is therefore important to check whether the bank offers an extension option and under what conditions. In some cases, the bank will pay the interest on the loan when it matures. In other cases, however, the interest will continue to accrue on the next deposit until the maturity date of the last product you have chosen.

Taxation

Interest on long-term savings products, such as interest-bearing accounts and bank deposits, is subject to personal income tax as a capital gain on the basis of savings taxation.

Interest is normally paid at maturity, at which time the tax authorities are obliged to withhold tax.

The following tax rates currently apply

19% on savings up to 6,000 euros.
21% on savings between 6,000 and 50,000.
23% for savings between EUR 50,000 and 200,000.
26% if you have savings of more than 200.000

How do I sign up for a bank transfer?

You can make a deposit directly with the institution that manages your deposit, either at a branch if you have one, or online if you do not. You can also do it through an intermediary such as Raisin.

Raisin is a digital intermediation platform that helps you receive your deposits from European banks. It does not manage your money, but acts as a «bridge» between you and the bank.

It is required as a deposit agreement.

A national identity card or a valid identity card.

Proof of professional activity. However, there are also entities that provide «independent» advice through the TGSS.

A bank account. For example, if you deposit with a sultana, you will have to open an account there and all interest will be credited to this account.

Can I take out a deposit abroad?

Of course you can. With Raisin and Finnecto you can. As mentioned above, Raisin Spain only works with EU banks and most of them have an online registration.

However, please note that if your contractual deposit exceeds EUR 50,000, you will have to notify the tax authorities that you have assets in a foreign bank. In this case, you will need to file form 720.

Are your deposits insured?

Bank accounts and deposits are insured by the Deposit Insurance Fund, which operates throughout the EU. It provides cover in the event of the failure of a member financial institution for demand, savings, interest-bearing and time deposits.

The DGF operates at the European level, but each country has its own fund with its own laws and conditions. In the case of the Spanish Deposit Guarantee Fund, as in many EU countries, the maximum amount is 100,000 euros per depositor.

In addition, all banks, savings banks and credit cooperatives are obliged to join this fund to guarantee their customers’ money in case of bankruptcy of a financial institution.

Are bank deposits in other countries just as safe?

Yes, deposits from other countries can be safely processed through Raisin.

Please note that the interest-bearing account is the Raisin account at Keytrade Bank, the Belgian branch of Arkéa Direct Bank SA (France). The French deposit insurance fund, like the Spanish fund, protects all depositors up to a maximum of €100,000 per institution.

Advantages and disadvantages of making a deposit

Now that you know that it is important to consider the various points and your interests as an investor when entering into a deposit contract, it is also important to highlight the advantages and disadvantages.

Advantages of the deposit

Pay only a custody fee for the money deposited in your bank account.
That it is a very easy financial product to conclude.
The different conditions allow you to choose the one that suits you best.
Know in advance the performance to be achieved.

Disadvantages of deposits

Lack of liquidity, since if you withdraw the deposit you are obliged to keep it for a certain period of time. Withdrawing early may result in penalties.
Low interest rates, set by the European Central Bank, tend to reduce profitability.
Taxes: If the bank pays interest, it will have to pay the corresponding taxes at source. Generally, the profit earned will be included in capital gains. It will be added to your other income for the year and taxed as savings income.

Here you can see how to prevent your bank from charging you more fees for your deposit.

Can I cancel my deposit? How?

Yes, in most cases it is possible to cancel an advance payment. The procedure is basically simple: just contact the agency or intermediary directly, or contact them online (depending on the agency) and request the early cancellation.

However, we recommend that you first consider the following points, including the penalty for early cancellation

read the contract, with its conditions and cancellation policy, to know what will happen if you cancel early There are still some (very few) banks that do not allow cancellations, reduce or completely discount the amount you receive, or do not penalise you if you cancel.
Know how long it will take to repay the loan (approximate).
If you have to cancel early because you need the money, think carefully: is it worth it, even if you have to pay a penalty? Is there another way to get the money I need without having to spend my savings?
Is there a more profitable deposit than mine?
The amount of deposit rewards varies according to the organisation and the time of year. Currently, you can find deposits with a return of 0.10% for 6 months and 1.17% for 60 months in several European financial institutions. For this reason, it is important to stay informed.

If, at the end of the deposit period, you wish to maintain or increase your yield, you can easily transfer it to another deposit.

Investment opportunities in 2022: the manager’s ongoing commitment is this

Posted on diciembre 13, 2021 por admin

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2021 has been a year of recovery for the high yield market, especially for equities. The main European indices (the Ibex 35 being one of the laggards) and the non-European selective indices have recovered from the heavy losses of the first year. 2022 will be a year of opportunity for the market, albeit with some risks. Leading investment companies outline these aspects in Finect’s forecasts, which set out the main investment characteristics for the coming year.

Will inflation hold, will investment uncertainty in China continue, will the technology rally continue, will stock markets reach new highs and will company valuations peak? Representatives from Schroders, BNP Paribas Asset Management, Natixis Investment Management, Nordic Asset Management and Edmond Rothschild discuss inflation, the opportunities in China, the energy transition, technology and demographics.) Equity, technology and sustainability will take centre stage in the new year.

Inflation will continue to dominate the market, but asset managers expect price increases to end in the second half of 2022. Inflation may be transitory, but it is more resilient than expected,» warns Sol Hurtado de Mendoza, managing director of BNP Paribas AM (Spain and Portugal). This view is shared by other investment institutions». Growth will continue to be very good next year. The biggest unfinished business is the recovery of world trade. When this happens, the bottleneck will disappear and inflation will normalise,» says Daniel Pingalong, head of sales at Natixis Investment Managers.

Borja Fernández Canseco, account director at Schroders, says the main risk for 2022 is «mixed signals from the Fed’s misguided monetary policy». He adds. If it really spikes and we have to take action to contain it, that would be a big shock to markets.

China is a double-edged sword for investment firms in the new year. This year has been characterised by the Chinese government’s regulation of large sectors of the economy. Sébastien Senegas, head of Southern Europe at Edmond de Rothschild AM, says the Asian giants should be excluded from the emerging markets category when making investment decisions. We believe they should be excluded from the category. China is the world’s second largest economy. The real estate sector, which together with construction accounts for 30% of GDP, is already in trouble. The government must ensure that the problems in the real estate sector are alleviated.

To position themselves in the Chinese market, Finect Outlook’s managers use indirect exposure products. The Schroder International Selection Fund Asian Equity Yield invests in Asian companies with «attractive yields and sustainable dividends». Natixis IM introduced the Loomis Short Term Emerging Markets Bond Fund, which invests in emerging market corporate bonds from around the world, including China.

Equities, sustainability and technology

Equities will be the asset to beat next year,» says César Ozaeta, head of sales in Spain at Nordea AM. Corporate earnings are rising again this year. The performance of markets and risk assets has been very good over the last ten years. Barring mistakes in monetary policy, we believe this trend will continue. The Global Star Equity Fund is the product that Nordic fund managers recommend to establish a position in this asset class.

Schroders has added other asset classes to the equation that provide good returns in times of stagflation. According to the UK manager, low growth with high inflation is increasing week by week. Borja Fernandez is betting on equities, commodities and gold. Stagflation is a very favourable environment for commodities.

Gold is an asset that we see as a guardian. Fixed income has a more limited ability to defend against volatility, so gold has an important role to play and will attract more defensive flows from investors».

The focus will be on sustainable investment and energy transition,» says Hurtado de Mendoza. Investors are no longer investing in geographic locations or the size of companies, but are looking at the big themes. The future of growth is green: «The energy transition is just beginning,» says the head of AM at BNP Paribas, who also highlights the growing importance of sustainable food. Food is very important and the future of our planet is on our plate.

Hurtado offers two investment vehicles for these themes: BNP Paribas Energy Transition and BNP Paribas Funds Smart Food.

Other fund managers, such as Edmond de Rothschild, are focusing on other megatrends, such as good business practices (EdR Fund Human Capital) and areas that will continue to develop in the technology sector, such as big data. Healthcare and climate change are two other themes that Sébastien Senegas believes will perform well in the market.

Natixis IM believes that, as in previous years, technology-focused stocks will perform well. Daniel Pingalong sees near-term prospects in technology sectors such as cyber security (Thematic Security Fund). ‘Sure, equities are not cheap, and they can be expensive, but compared to bonds they are quite overvalued. The outlook is positive.

Six experts, six investment ideas in 2022

Next Saturday (13 November), XTB will host a live online conference where six experts will present their investment ideas for the coming year.

One microphone, six experts, six investment ideas, 25 minutes each. This is the calling card for the «XTB Opportunities 2021» online conference, where speakers will share their favourite investment ideas. The event will take place on Saturday 13 November from 10:00 to 14:30 and will feature Pablo Gil, Chief Strategist of XTB Spain, Alejandro Estebaranz, President and Chief Investment Officer of True Value Fund, Heros Asset Mr. Ruiz, Ms. Rocio Recio, Head of Investor Relations at Cobas Asset Management.

Mr. Carlos Romero, Senior Institutional Investor Relations Partner of AZValor, and Mr. Javier, Chief Investment Officer of MapValor Asset Management. Relations Partner Carlos Romero and Managing Director Luis García of the Mapfre AM behavioural fund.

According to the latest performance rankings published by Expansión, all are owned by fund managers, including three independent entities with the best-performing funds of the year. The speakers defend their investment thesis on a single security by analysing the macroeconomic context and the economic outlook.

Each speaker will have 25 minutes to defend an investment thesis on a single security, analysing the macroeconomic context, the fundamentals (the key companies and economic indicators that investors will be looking at), as well as the earnings reports and economic forecasts for the beginning of 2022.

These investment opportunities will be available on the XTB platform from 15 November. Attendees will be able to watch the webcasts for free from any device and will be able to interact with the speakers in real time and ask questions to further explore each topic. Following the event, XTB clients will have exclusive access to a recording of the event. Non-clients will also be able to access exclusive XTB content by registering on the XTB platform.

If you would like to attend, please register via the XTB website. The conference will be streamed live and free of charge via the broker’s own app, desktop platform, XTB Spain’s YouTube channel and Movistar’s 125 optional business TV channels. With more than 15 years of experience, XTB is one of the largest equity and derivatives brokers with offices in more than 13 countries, including Spain, the UK, Poland and Germany. France, Latin America, the Middle East, North Africa and South Africa.

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