An investment alternative in foreign assets

The CEDEARs (Argentine Certificate of Deposit) are an example of this. This is an option for investing in companies abroad. It is a certificate that is issued in Argentina and represents shares issued in another country. Trading with this type of certificate is the same as investing in the company, each CEDEAR issued is backed with the deposit of the shares it represents.Among its benefits, we can mention the following:- By choosing CEDEARs the investor adds to its portfolio of Argentine shares a wide variety of companies with public offerings abroad.. The purchase and sale is made in BYMA with its usual ALYC and is settled with funds (pesos or dollars) transferred in the Argentine financial system.- The custody of CEDEARs, as well as all negotiable securities, is made in an account opened in the name of the investor in Caja de Valores, who also developed the Unique Contact Portal (PUC), which is an online and free consultation for the holder of all its balances and movements. Therefore, it is not necessary to open an account abroad.- From a tax point of view, individuals are treated in the same way when investing in CEDEARs than in a listed company, since the results of the purchase and sale of shares and CEDEARs traded in Argentine Stock Exchanges and Markets are exempt from Income Tax.To enhance the scope of this investment alternative, BYMA recently introduced a specific Market Makers program that allows to give liquidity to the trading of over 120 of these assets, so that there will always be quotes on screen. As a result, the volume of CEDEARs currently accounts for 18% of the total daily volume on the stock exchange. From January to July 26 inclusive, an evolution from 40 million pesos per day to more than 290 million pesos was evidenced.BYMA, with concrete and sustainable projects promotes the growth of Argentina's capital market.