{"id":2909,"date":"2024-04-30T15:46:09","date_gmt":"2024-04-30T15:46:09","guid":{"rendered":"https:\/\/lynkcm.com\/?p=2909"},"modified":"2024-05-01T00:25:17","modified_gmt":"2024-05-01T00:25:17","slug":"evaluating-momentum-shift-sma-beyond-2023-2","status":"publish","type":"post","link":"https:\/\/lynkcm.com\/es\/evaluating-momentum-shift-sma-beyond-2023-2","title":{"rendered":"Evaluando el impulso: El cambio continuo hacia las cuentas gestionadas por separado m\u00e1s all\u00e1 de 2023"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"2909\" class=\"elementor elementor-2909\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-section elementor-top-section elementor-element elementor-element-28c52f86 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"28c52f86\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2cc4df3e\" data-id=\"2cc4df3e\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-36924bfc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"36924bfc\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wider\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-57b56d77 elementor-invisible\" data-id=\"57b56d77\" data-element_type=\"column\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:200}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ec8673e elementor-widget elementor-widget-heading\" data-id=\"ec8673e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">SMA Momentum: M\u00e1s all\u00e1 de 2023<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c3a43f9 elementor-widget elementor-widget-heading\" data-id=\"c3a43f9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Evaluando el impulso: El cambio continuo hacia las cuentas gestionadas por separado m\u00e1s all\u00e1 de 2023<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-b8c1dd9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b8c1dd9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wider\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-8fcb6f0 elementor-invisible\" data-id=\"8fcb6f0\" data-element_type=\"column\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:200}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-06f7645 elementor-widget elementor-widget-image\" data-id=\"06f7645\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"449\" src=\"https:\/\/lynkcm.com\/wp-content\/uploads\/2024\/04\/momentum-5.jpg\" class=\"attachment-full size-full wp-image-2894\" alt=\"\" srcset=\"https:\/\/lynkcm.com\/wp-content\/uploads\/2024\/04\/momentum-5.jpg 800w, https:\/\/lynkcm.com\/wp-content\/uploads\/2024\/04\/momentum-5-300x168.jpg 300w, https:\/\/lynkcm.com\/wp-content\/uploads\/2024\/04\/momentum-5-768x431.jpg 768w, https:\/\/lynkcm.com\/wp-content\/uploads\/2024\/04\/momentum-5-650x365.jpg 650w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b429f8e elementor-widget elementor-widget-text-editor\" data-id=\"b429f8e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Ha pasado m\u00e1s de un a\u00f1o desde que el informe Hearts &amp; Wallets de 2022 pusiera de relieve un cambio significativo en las preferencias de inversi\u00f3n de los estadounidenses acomodados, con un notable aumento de la adopci\u00f3n de cuentas gestionadas por separado (SMA) y un abandono gradual de los fondos de inversi\u00f3n tradicionales. A medida que nos adentramos en 2024, resulta imperativo evaluar si esta tendencia ha mantenido su impulso y comprender las fuerzas que determinar\u00e1n su trayectoria en los pr\u00f3ximos a\u00f1os.<\/p><p>Seg\u00fan los datos de 2022, aument\u00f3 la utilizaci\u00f3n de los SMA, sobre todo entre los hogares con $3 millones o m\u00e1s en activos invertibles. Esta tendencia no s\u00f3lo refleja la evoluci\u00f3n de las preferencias de los ricos, sino que tambi\u00e9n apunta a una democratizaci\u00f3n m\u00e1s amplia de estos instrumentos de inversi\u00f3n, a medida que los costes se hacen m\u00e1s competitivos y se reducen los umbrales m\u00ednimos de inversi\u00f3n. Laura Varas, de Hearts &amp; Wallets, consider\u00f3 este cambio parte de una modernizaci\u00f3n de las herramientas financieras que logran objetivos similares a los de los fondos de inversi\u00f3n, pero con mayor flexibilidad y personalizaci\u00f3n.<\/p><p>Ahora, al evaluar el panorama en 2024, surgen varias preguntas clave: \u00bfHa continuado al mismo ritmo el crecimiento en la adopci\u00f3n de SMA? \u00bfSiguen influyendo en las decisiones de los inversores los factores impulsores de costes m\u00e1s bajos y carteras personalizables? Adem\u00e1s, \u00bfha visto el sector nuevas innovaciones en las ofertas de SMA que podr\u00edan estar impulsando o dificultando su adopci\u00f3n?<\/p><p>Para comprender la futura direcci\u00f3n de las SMA, debemos considerar diversas variables cr\u00edticas:<\/p><p><strong>Cambios reglamentarios:<\/strong> El entorno normativo puede influir significativamente en el atractivo de los distintos veh\u00edculos de inversi\u00f3n. Cualquier nueva normativa que afecte a las comisiones, la transparencia o la protecci\u00f3n de los inversores podr\u00eda alterar el panorama competitivo entre las SMA, los fondos de inversi\u00f3n y otros veh\u00edculos de inversi\u00f3n como los ETF.<\/p><p><strong>Avances tecnol\u00f3gicos:<\/strong> El papel de la tecnolog\u00eda en la gesti\u00f3n personalizada del patrimonio es crucial. Los avances en tecnolog\u00eda financiera que agilicen la gesti\u00f3n de las SMA o mejoren las interfaces de los clientes podr\u00edan impulsar a\u00fan m\u00e1s su popularidad.<\/p><p><strong>Condiciones econ\u00f3micas:<\/strong> El entorno macroecon\u00f3mico, incluida la volatilidad de los mercados, los tipos de inter\u00e9s y el crecimiento econ\u00f3mico, influye invariablemente en las preferencias de inversi\u00f3n. En tiempos de incertidumbre, podr\u00eda aumentar el atractivo de las opciones de inversi\u00f3n personalizables y gestionadas directamente.<\/p><ul><li>Cambios demogr\u00e1ficos: A medida que los inversores m\u00e1s j\u00f3venes, que pueden dar prioridad a cuestiones como los factores ESG (medioambientales, sociales y de gobernanza), se vuelven m\u00e1s dominantes en el mercado, las SMA podr\u00edan ver una mayor demanda debido a su capacidad para adaptar las inversiones a los valores personales de forma m\u00e1s expl\u00edcita que los fondos de inversi\u00f3n.<\/li><\/ul><p><strong>Modelos de negocio de los asesores:<\/strong> Las estrategias empresariales de los asesores financieros y las empresas de gesti\u00f3n de patrimonios -si siguen inclin\u00e1ndose por modelos basados en honorarios en lugar de estructuras basadas en comisiones- tambi\u00e9n desempe\u00f1ar\u00e1n un papel importante. Este cambio podr\u00eda afectar a la prevalencia de las SMA, ya que suelen ser m\u00e1s compatibles con un modelo de asesoramiento basado en comisiones.<\/p><ul><li>Rendimiento de mercado de los SMA frente a los fondos de inversi\u00f3n: El seguimiento continuo del diferencial de rentabilidad entre los SMA y los fondos de inversi\u00f3n ser\u00e1 crucial. Un rendimiento superior de cualquiera de ellos podr\u00eda influir significativamente en las preferencias de los inversores.<\/li><li>Educaci\u00f3n y concienciaci\u00f3n de los inversores: Una mayor concienciaci\u00f3n y comprensi\u00f3n de los distintos veh\u00edculos de inversi\u00f3n puede conducir a una toma de decisiones m\u00e1s informada por parte de los inversores. Si se mantiene la tendencia al alza de la formaci\u00f3n de los inversores, podr\u00edamos ver opciones de inversi\u00f3n m\u00e1s matizadas y personalizadas, lo que beneficiar\u00eda al crecimiento de los SMA.<\/li><\/ul><p>En resumen, aunque el aumento de la adopci\u00f3n de SMA marc\u00f3 un cambio fundamental en las estrategias de inversi\u00f3n en 2022, la evaluaci\u00f3n continua de estas variables es esencial para predecir su papel futuro en la gesti\u00f3n de patrimonios. Que esta tendencia contin\u00fae ascendiendo depender\u00e1 en gran medida de c\u00f3mo evolucionen estos factores. A medida que avancemos, tanto los observadores como los participantes del sector tendr\u00e1n que seguir de cerca estos desarrollos para navegar eficazmente por las mareas cambiantes de las preferencias de inversi\u00f3n.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a6b282 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"8a6b282\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-abefb13 elementor-widget elementor-widget-text-editor\" data-id=\"abefb13\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Descargo de responsabilidad:<\/strong><span style=\"background-color: var( --e-global-color-uicore_headline );\">El contenido de esta entrada del blog tiene \u00fanicamente fines informativos y no pretende ser un consejo de inversi\u00f3n, una oferta o solicitud de una oferta de compra o venta, ni una recomendaci\u00f3n, respaldo o patrocinio de ning\u00fan valor, empresa o fondo. La informaci\u00f3n proporcionada no constituye asesoramiento de inversi\u00f3n, asesoramiento financiero, asesoramiento comercial, o cualquier otro tipo de asesoramiento y usted no debe tratar ninguno de los contenidos como tal. LYNK Markets no recomienda que ning\u00fan valor sea comprado, vendido o mantenido por usted. Haga su propia diligencia debida y consulte a su asesor financiero antes de tomar cualquier decisi\u00f3n de inversi\u00f3n.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>El impulso de la AME: M\u00e1s all\u00e1 de 2023 Evaluando el Momentum: El cambio continuo [...]<\/p>","protected":false},"author":4,"featured_media":2894,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-2909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-assets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Evaluating the Momentum: The Continuing Shift to Separately Managed Accounts Beyond 2023 - 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