How to find the best investment funds

Investment funds are one of the most used financial products by investors seeking to take advantage of their savings. One of the main reasons is the great variety of existing funds. But how to know which background is the most appropriate for your profile? How to choose the fund that suits you best?

The key is your investor profile

Investment funds are investment instruments that bring together the contributions of various investors, which are managed by professionals and jointly invested in the assets that are defined in the fund’s prospectus. All this to obtain the maximum possible profitability.

Therefore, risk, time and profitability are the three main keys to be managed, always taking into account a maximum: the search for greater profitability is always associated with the need to assume a greater risk.

The risk in investment funds

All investments are associated with a risk that in the case of investment funds is measured on a scale of 1 to 7, determined by the National Securities Market Commission itself. Thus, a fund that has risk 1 represents the safest option in the market -although risk always exists-, while a risk fund 7 has the highest risk associated with it.

The term of the investment

When deciding on a fund or another, we must always take into account the risk we are willing to take, in addition to the investment time horizon. These two variables, risk and time horizon, are closely linked. The larger the time horizon, the greater the risk associated with the investment. The more risk an investment portfolio has, the higher your expected return. That is, for long time horizons, you can build portfolios with more risk, resulting in a higher expected return. In the event that the time horizon is short, more conservative investment portfolios should be constructed; that is, with less risk and, therefore, lower expected profitability.

We must be clear about the period of time we can maintain our investment, especially if the investment fund has a high level of risk.

On what profitability should you set?

When investing in a fund, the historical profitability of it can turn out to be a determining factor. It is worth remembering that historical returns are an indicator of how the fund has behaved in recent years, but at no time guarantee future returns. If we analyze past profitability, it is better to do it in long terms, from three years on, because in this way we will be checking the consistency of the fund.

In addition, the purchase of a fund should not be done because of the profitability it has had in recent months, but because of the potential for future profitability.

We must bear in mind that to compare investment funds, they must have the same characteristics, that is, we should never compare fixed income funds with equity funds since the assets in which they invest are different.

Commissions in investment funds

The investment in funds has associated fees, which may turn out to be very different depending on the fund manager or entity.

These are the main fees of the investment funds:

  • Management fee and deposit: these are the fees charged by the manager and the depositary, respectively. These are implicit commissions, that is, deducted from the net asset value of the fund, directly charged to the investment fund.
  • Subscription and reimbursement fees: may be in favor of the fund manager or investment fund. These are explicit commissions, charged directly to the participant at the moment in which it subscribes or reimburses shares.

As in any financial product, commissions can represent an important expense when buying shares of an investment fund. The National Securities Market Commission advises the investor to consult the information brochure of the fund before making any investment decision.

Before hiring a product of these characteristics, it is important to go to a professional consultant with the ability to offer you a solution tailored to your needs, depending on your profile and your particular investment objectives.

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Do you know how your company’s assets are classified?

Image result for company assets

To operate, companies need to acquire goods –materials or intangibles– that allow them to meet their objectives. These are the assets of a company. How are they classified?

Within a company, an asset is all good that it owns and can be converted into money or other equivalent liquid means.

Gerardo Trujillo, president of the Mexican Association of Professionals in Asset Management (AMGA) states that assets can be physical, financial, intellectual property, technology and human, tangible or intangible, financial or non-financial and, to this, are known as asset portfolio.

The importance of some over others will depend on the type of organization, however, at an industrial level, an asset management system will generally be focused on physical assets, explains Trujillo.

The assets that a company owns are classified according to their liquidity, that is, how easily they can be converted into money: fixed and circulating.

Fixed assets are used in the business and not acquired for the purpose of sales, such as machinery, equipment, and real estate.

Current assets are assets that will be used in less than one year, such as stocks.

In the case of fixed assets, their management involves a series of recommendations and standards that companies must follow – especially manufacturing – to achieve optimal performance.

One of these is the Asset Management System ( SGA ), which consists of establishing a policy and objectives to ensure the availability of resources (assets), competencies, communication, documents and information requirements so that the value that the assets must deliver. The purpose is that all areas (together with their respective assets) achieve the goals of the organization together.

Trujillo stresses that proper asset management offers companies a balance between risk, performance, and the costs they must cover.

Like all material goods, fixed assets have a useful life. When they reach their end, the owners of the companies must foresee this in order not to go into contingency regarding the cost of acquisition.

There are different financial tools that facilitate this purpose, one of which is a loan.

Financial leasing offers superior advantages over other forms of financing, because all payments are deductible, including maintenance expenses.

How does it work?


  1. Identify what type of machinery or equipment you need and suppliers
  2. Request a quotation once you have determined model, quantity or functions
  3. Submit this quote to the lessor, along with the corresponding documents
  4. The lessor will make a rental plan with the option to purchase at the end of the period for a residual amount, renewal of the contract –where sometimes equipment update is included– and even termination of the contract
  5. Get the most out of the inputs and grow your business.
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Asturias will reject the loss of 'status quo' in financing if it is not compensated and it removes debt from communities


Llera and Carcedo, during the press conference.

Llera and Carcedo, during the press conference.

The Minister of Finance of the Asturian Government, Dolores Carcedo, has made it clear that the Executive will reject the elimination of the current status quo of the communities that receive the most funding (Asturias, among them), if the measure is not compensated by the introduction of other variables that collect the cost of public services in the future financing system. In addition, he has shown the opposition of his Executive to the possible removal of debt for some communities, for understanding that it can harm those who have complied with the deficit ceilings.

Carcedo has offered a press conference together with Roberto Fernández Llera, the representative of the Asturian Administration in the Committee of Experts who is preparing a technical report on the future financing system between Autonomous Communities.

The Commission held its last meeting on Wednesday and has already finalized its report, which is still provisional in nature. The political representatives will have to debate about it. This Thursday

the expert and Carcedo have held a meeting with representatives of the political groups of the General Board to explain issues related to the document.

Carcedo has been prudent until the final draft of the report, which in principle would include the elimination of the status quo. However, he has defended that status quo, unless “the report says that it is phased out because other variables will pick up the cost of services.” In this regard, he added that all communities agree that “the current model is insufficient to cover the cost of public services, so” we need more, we can not lose on current funding, because it is insufficient “.

He also added that according to the aforementioned status quo, the state transferred funds based on what it cost to maintain public services in each community, which includes “the differences in spending.”

One of the controversial points, according to Llera, has been indebtedness. The Asturian expert has been favorable to look for mechanisms of restructuring of that debt (in conditions of loans or types of interest, for example), but has rejected the possibility of the removes, that yes have raised other autonomic representatives.

In this sense, the counselor has been blunt: “we must analyze the debt globally, within a multilateral body such as the Fiscal and Financial Policy Council.” Can not favor some communities and harm others, “he said. He has made it clear that they will not accept any asset that would harm Asturias, and he recalled that the state financing funds were “voluntary funds, so they can not be the instrument to decide on debt relief”.

On the other hand, Llera has pointed out that there is consensus on several aspects, including the harmonization of a common minimum rate of taxation in inheritance and estate taxes for all the Autonomous Communities. There has also been general agreement on the need to strengthen the compensation mechanisms and the Inter-territorial Compensation Fund, which currently has 400 million and of which Asturias currently receives about 13.


After the appearance of Carcedo and Llera, representatives of the opposition parties have made statements. Emma Ramos, of the PP, and Cristina Coto, of the Asturias Forum, have been very upset because they understand that Llera has not come to Madrid to defend the interests of Asturias.

They have criticized that there is no calculation of the cost of public services in the community, and that the expert has not made concrete proposals based on it. According to Ramos, everything seems to indicate that the report will not collect the variables that affect the community, such as dispersion, population aging and orography, and has criticized that neither Carcedo nor its representative have been able to say whether Asturias will benefit or not. report.

Coto has assured that Llera has told them at the meeting that “if we stay as we are, it would not be bad”, which is why he has shown his “concern”. He has rejected the “lack of ambition” of the regional president, Javier Fernández, because “Madrid has to go with rigorous criteria.”

Emilio León, from Podemos, has defended, among other things, the equalization of the costs of education, health and dependency in the autonomous communities and the universalization of education from 0 to three years. He criticized that both PP and PSOE do not question the “scarcity of resources”, and finally the debate on the financing model becomes “a competition for those scarce resources.”

The deputy of IU, Ovidio Zapico, has limited himself to demand that the final report collect a “sufficient financing” of public resources, as well as the elimination of the “tax havens” that constitute some communities, from his point of view.

Nicanor García, of Ciudadanos, has celebrated the criteria of tax harmonization and that the communities with the regional system (Navarra and Euskadi) contribute to the Inter-territorial Compensation Fund and to the compensation mechanisms, as indicated in the document. He asked the Asturian Government during the political debate to be “proactive” in the rejection of debt forgiveness, and in the requirement of establishing variables when making the distribution: dispersion, orography, aging and other issues.


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Puig on the cut of 353 million in the financing of 2018: "The Government is playing with fire"



Puig en imagen de archivo

Puig in Europa Press file image

The President of the Generalitat, Ximo Puig, said on Wednesday that the central government, by “cutting” 353 million euros in the financing of the Community for the year 2018, as reported by the Consell, “is playing with fire in this displeasure with the autonomous communities “.

This was stated after visiting the works of the Ágora de València, asked by the media about the letter that the Ministry of Finance sent to the Consell on Tuesday to inform the regional government of the new amounts of deliveries on account of the resources of the financing system of the financial year 2018, which includes a decrease of 353 million over the July forecast.

The head of the Consell has also referred to the statements that the delegate of the Government, Juan Carlos Moragues, has made on this issue, and in which he warned that not approve the General State Budget of 2018 “harms the interests of the Comunitat “. Moragues has claimed PSPV, Podemos and Compromis “that instead of complaining, they sit in Madrid with their deputies and negotiate the PGE”.


In Puig’s opinion, this claim by Moragues “is part of this anomaly in the functioning of the institutions.” “How dare the government delegate to say that the financing system is approved or not based on the parliamentary support of a budget?”, He asked, and has considered that it is acting “with a huge irresponsibility.”

“There is a word from the President of the Government that he gave to the Conference of Presidents in which he said that before the end of the year the financing system would be reformed, and he has failed to comply”, he said, and he has also referred to the declarations of the general coordinator of the PP, Fernando Martínez-Maillo, who in an interview with Europa Press has ensured that it is “essential” that Catalonia is present in the new model of regional financing.

Puig has asked himself: “What is it that, not the Government, but the PP is suspended saying that until Catalonia does not solve the issue that is all paralyzed.” In his opinion, “this is an absolute democratic anomaly, a deep anomaly of the functioning of the system”.

“When we approved the decision in the Conference of Presidents that the funding system would be approved in this past year, Catalonia was not at the table.” He did not come to that meeting because he did not want to, but it was decided there that the meeting would be held. reform of the financing system during the past year, and the president’s word has been broken “, he criticized.

“Before the PGEs are approved, it is evident that, in the debate frameworks, which are the Fiscal Policy Council and the Congress of Deputies, we are in a position to reach an agreement, of course. that, to reach an agreement, we have been presenting a proposal for a long time, who has not presented a proposal is the Government of Spain, “he stressed.

Puig has asked that there be “no more excuses, because finally all this is causing great disaffection and a situation of lack of credibility of the institutions.” “Of course, we’re not going to play that,” he assured.


In this regard, said that the Consell has been “working intensively to convince the whole of the autonomous communities and the Ministry of Finance on the situation in the Community.” “The Comunitat can not wait any longer and, among other things, because we do not want, in the face of inequality, to remain impassive, so far we have arrived”, he said.

For that reason, for the ‘president’, it is “evident that the Constitution must be reformed, among other things so that nobody can do such an irresponsible exercise as the PP is doing at the moment”.

In this regard, he stressed that “all this year has been working on the commission of experts and has made positive progress, in the concrete and correct time that was before August.” “The opinion of the committee of experts was put in the hands of the Minister of Finance, Cristóbal Montoro, and from then on, in different meetings with Montoro and Rajoy, the space of that political-technical commission was opened, which has to raise Fiscal Policy Council one position, and until last week there was no meeting, “he added.

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Sanz announces the restoration of the access gate to the courtyard of the Monastery of Yuso

Sanz announces the restoration of the access gate to the courtyard of the Monastery of Yuso

The President of the Government of La Rioja, Pedro Sanz, announced today that the San Millán Foundation will undertake the restoration of the access gate to the courtyard of the Yuso Monastery.

The President of the Government of La Rioja, Pedro Sanz, announced today that the San Millán Foundation will undertake the restoration of the access gate to the courtyard of the Yuso Monastery.

An announcement made by the chief executive of La Rioja after the meeting of the San Millán Foundation. As for the gate, it is a classic piece of plastón of the seventeenth century, built in walnut wood on an interlaced frame and hanged by late-Gothic-Renaissance ironworks. It forms part of the main cover of the monastery, a Baroque monumental portal from the 17th century.

The president stressed that this restoration, which will be financed with their own funds, will be promoted because “we believe that this door should look and make the cover look even better, since it is the first thing visitors see before starting the journey for the monastery. ” The Foundation continues with its responsibility to ensure and safeguard the Monasteries of Suso and Yuso as World Heritage Sites.

The restoration, which is going to be integral, has been entrusted to the La Rioja workshop ‘Renovatio restoration’, specialized in old pieces built in noble wood, and has a budget of 12,000 euros.

At the meeting of the Foundation, in which the annual accounts have been approved, it has been indicated that an audit was carried out on the financial situation of the Foundation, which concluded that it is perfectly managed.

Debt payment

In this sense, Sanz has announced that the central government has paid the San Millán Foundation, 216,000 euros that were due in 2005. He recalled that that year, the national executive, then led by the PSOE, “we had left a debt of 216,000 euros from a financing project of ‘Cilengua’, which came with European funds, something we claimed, and we were denied. ” Now, the Central Administration “has made a transfer to the Foundation for 216,000 euros” with what “has given us oxygen”

Thus, Pedro Sanz has detailed that “the foundation presents an image of financial solvency, which in turn reflects a good government and the fact that it has managed to grow maintaining a healthy situation and without debts, with assets of 3,057,229, 89 euros and own funds of 376,599.80 euros “.

Next activities

<strong>Next activities</strong>

On the other hand, it has indicated that in the meeting of the board of trustees the activity has been reviewed in the last months and the one planned for the next semester. Thus, among the most immediate activities, the participation of the entity in the Spanish workshops for secondary teachers organized by the Ministry of Education for the United Kingdom and Ireland, which will be attended by 100 British teachers. It will be next June 20 at the Spanish Cañada Blanch Institute in London, where the San Millán Foundation will organize a workshop on illustration and calligraphy in ancient codices and a food and wine workshop, which will serve to spread La Rioja gastronomy as an important part of culture around Spanish.

The visit to London will also serve to manage the participation of the San Millán Foundation and Cilengua next October at the Language Show Live, the largest event on languages ​​in the United Kingdom, which annually gathers more than 10,000 attendees – students, professors, translators, linguists and language professionals- around exhibitors, seminars, language courses, talks and demonstrations.

Another important event that praises the international relevance of San Millán will be the celebration of the I PhiloBiblon International Seminar, which the foundation will organize with the University of California and that will be presented next week.

In addition, the Cilengua is preparing various publications for the coming months, which will gather results of their research, among which are the History of medieval Castilian metrics, The Bible in Spanish American literature or the Syntactic origins of languages. romances, in addition to carrying out important congress meetings that will gather specialists from all over the world in San Millán.

In its support to young researchers, the foundation has collaborated in the organization of the Congress of the Association of Young Researchers of Historiography and History of the Language and in the publication of the book Literary Tablets: around gastronomy in Hispanic letters, which will present soon.

It is also planned to celebrate, in collaboration with the Center for Training, Innovation and Counseling in Educational Matters of the Ministry of Education, Culture and Tourism, highlights the First Course of Linguistics and Didactics of Spanish, entitled ‘The new academic standards. Update on the training of Spanish language teachers’, and the refresher course on the origins of Spanish, aimed primarily at teachers and people working in the field of culture, especially Rioja.

Of course, in 2015 a new edition of the Language and Journalism Seminar will be held, which will also reach its tenth anniversary and in which it is expected to once again have His Majesty the Queen, and a new edition of the Sephardic Days.

Developed activities

It should be noted that so far this year, the San Millán Foundation has promoted an intense work that has led it to participate in national and international meetings, such as the one entitled ‘Around Sana Teresa. Holiness and devotions. Speeches and practices’, which brought together experts from national, European and American universities in February, or the celebration in San Millán of the annual meeting of the Board of Directors of the International Association of Hispanists, the most important international society that brings together teachers and Spanish language and literature researchers from around the world.

Similarly, the Foundation and Cilengua have participated in the first edition of the International Forum of Spanish FIE 2.0, held at the end of April in Ifema-Madrid, which brought together 4,327 visitors and more than six million Internet users around the Spanish . In this meeting, which revolved around the economic value of this language, San Millán had an exhibitor in which activities that were very popular were organized. In this framework, the first volumes of the collection ‘Thinking in Spanish’ were presented, co-published with the New Library publishing house.

Among the activities carried out in this forum, stand out the workshops’ From the word to the image. The illustration of books in the Middle Ages. Heritage education on the first written in Spanish ‘and’ The new academic standards. Update on the training of Spanish language teachers’, which had a large influx of public.

Finally, regarding the informative and dissemination work of the emilianense group, the Foundation has continued to develop its programs Emilianensis and ‘Cañas. The spirit of the Císter ‘, which include conferences, concerts, workshops for schoolchildren and diverse activities for families and tourists in general, in which more than 1,300 people have participated in these first months of the year.

And it has launched a new project that, under the title of ‘San Millán a escena’, aims to bring together the different cultural manifestations – especially in the case of the local people, but without ruling out other national and even international ones – not just the inhabitants of the Valley San Millán and nearby towns, but also tourists and anyone who wants it. A project that has been revealed as a success since its first activity – the representation of ‘The tale of Peter and the Wolf’ – had a large audience.

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