Renmax has an extensive network of correspondent banks in the US, Europe, and Latin America, allowing us to execute trades in virtually every market in the world. We focus on the following products:
URUGUAYAN LOCAL MARKET SECURITIES:
We provide execution in Peso Denominated securities issued by the Central Bank of Uruguay, as well as in Peso/USD currency transactions.
-Inflation Linked Notes
-Peso Short-Term Notes
OTHER URUGUAYAN INSTRUMENTS:
-Global Bonus denominated in USD, Euros and UI
-Local Bonds in USD
EMERGING MARKET DEBT:
Global and Eurobonds from Emerging Market Issuers, as well as Mutual Funds which invest in these securities.
HIGH-GRADE GOVERNMENT SECURITIES:
Government securities from major countries issued in their own currencies (US Treasuries, German Bunds, French OATs, Canadian RRBs, etc.)
INFLATION-LINKED
SECURITIES:
A highly uncertain inflation environment means
that every well diversified portfolio should have an allocation
to these securities which protect the purchasing power of savings
(US
Treasury TIPS,
French OATi , French
OATie , Canadian
RRB , Swedish IL , etc.)
Treasury Inflation-Protected Securities, o TIPS: Inflation-indexed bonds issued by the United States
Treasury. The principal value is daily adjusted, based on changes
in the American Consumer Price Index (CPI). The fixed interest
rate is applied to the inflation-adjusted principal, therefore
both the capital and the interest payments are protected from
inflation.
Obligations Assimilables du Trésor (OAT): Euro-denominated inflation-indexed treasury bonds issued in France, with
maturities ranging from 7 to 30 years, at fixed or floating interest.
• OAT€is are linked to the Euro zone Consumer Price
Index.
• OATis are linked to the French Consumer Price Index.
Canadian Real Return Bonds (RRBs)
are inflation-indexed bonds issued by the government of Canada.
These bonds pay interest semi-annually based on an inflation-adjusted
principal. The principal is adjusted for changes in the Canadian
Consumer Price Index.
FUTURES AND OPTIONS:
These markets offer corporations and professional investors a cost efficient and agile way to reflect their views on currencies, interest rates, commodities, and equity markets. Through our clearing banks in New York, we trade on the Chicago Board of Trade and Chicago Mercantile Exchange.
EXCHANGE TRADED FUNDS:
ETFs constitute the most cost efficient and transparent way to gain exposure to the major equity indexes (S&P 500, Nasdaq, Eurostoxx, etc) and other markets. Many of them are listed on the American Stock Exchange; comprehensive information can be found at ETF Connect.
Examples of ETFs include the followings:
• Spiders (SPDRs) track the
Standard & Poor’s 500 (S&P 500), index
made up of 500 share prices of US stocks.
• Qubes (QQQQ) track the NASDAQ 100, which
indicates price movements of securities in the over-the-counter
market.
• DIAMONDS track the Dow Jones Industrial
Average (DJIA) index, which is calculated by adding the share
prices of 30 large industrial firms of United States.
• Powershares DB Commodity Index Tracking Fund (DBC): Tracks the performance of the Deutsche Bank Liquid Commodity Index, composed of a portfolio of exchange-traded futures on index commodities.
• iShares GSCI Commodity-Indexed Trust (GSG): Tracks the performance of the GSCI Excess Return Index. Consists of holdings of the interests of a physical commodities pool (the iShares GSCI Commodity-Indexed Investing Pool, LLC) which holds long positions in futures contracts.
INTERNATIONAL INVESTMENT FUNDS
Renmax has distribution agreements with the following investment funds, which have great international prestige and are an efficient tool to help diversify investment portfolios:
-Standard Americas Inc.
-Man Investments Funds
-FMG Fund Managers Ltd
-Societe Generale Funds
-ACM ´S luxemburg Funds
-GML International Limited
STRUCTURED NOTES:
We can also provide structured products offered by different investment banks.