Palabras clave
Acta de compañías de inversión en Puerto Rico
inversión pasiva
bolsa de valores
mercado de bonos
Cómo citar
Resumen
Un producto estructurado de inversión popular en Puerto Rico es la Cuenta de Retiro Individual (IRA) vinculada a la bolsa de valores. Estas ofrecen cierto crecimiento atado a la bolsa de valores mientras mientras protegen el capital. Este trabajo examina, por primera vez, el rendimiento esperado y el riesgo de las IRAs de la bolsa de valores de Puerto Rico (PRIRAs) y compara sus propiedades estadísticas con otros instrumentos de inversión después de impuestos. Proponemos un modelo paramétrico y lo aplicamos a PRIRA. Nuestros resultados indican que las PRIRAs tienen un rendimiento inferior al de invertir directamente en la bolsa de valores, aunque conllevan un riesgo relativamente alto dado su rendimiento. Las PRIRAs pueden ser razonables para algunos inversores reacios al riesgo debido a su protección del principal y aplazamiento de impuestos.
Citas
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Derechos de autor 2024 Jiaer He, Roberto Rivera