In BBVA Trader you are betting on offering a lot of products to your customers, what distribution your customers currently have in their portfolio?
As for Variable Income, the highest percentage of investments remains in the Spanish market, While it is true that after the COVID, the investment in Variable USA has risen a lot, becoming in percentages of 25-30% of the negotiation last year, and the first quarter of 2025.
On the other hand, ETFs are an increasingly demanded and negotiated product by investors. It is a product that is helping to mobilize the figure of the saving of a lifetime, and become a true investor that seeks a profitability to its money.
In addition, in Moments of greater volatility of marketsas the current environment in which we live, derivatives significantly increase their negotiation. The operation in this type of product that, as you know, is aimed at more experienced investors and willing to assume a higher risk, remains quite stable in BBVA but we see very high negotiation peaks at times like now.
As for geographies, since the beginning of this year investments are rotating to the European market. We have to keep in mind that in February 2025 historical maximums were marked in the US market, And that uncertainty at the geopolitical and commercial level is moving to financial markets, so that money from the American market is leaving and positions are being taken in the European market. As a summary of our clients’ operation, I would tell you that Spain and USA are the main geographies when investing in actions, and that American and German indices are preferred when using ETFs or derivatives as investment instruments.
Are you noticing that the currency is being covered or what alternative are you offering for these clients?
In my opinion, and as we always tell our clients, the risk of currency is a fundamental aspect to consider when investing in markets other than the euro. It is necessary to monitor not only the price of a company, but also the movements of the currency when operating outside the euro borders.
In the operation of our clients in the USA, the most expert investors cover their positions in USD in two ways. On the one hand, they use derivatives to cover themselves in EUR/USD or simply open a BBVA currency account that allows them to avoid the currency risk, since their operations are settled in USD, GBP or CHF.
However, the less experienced investor does not take this aspect into account and is an important risk to consider, since the final profitability of your investment can be positively or negatively affected by the impact that the currency has had on its investment, when it operates in such popular values as Apple, Amazon or Nvidia.
Are you going to launch a new product that you are preparing or planned in the coming months for investors?
Recently We have integrated BBVA Trader as another service within the web and the BBVA app to operate on the stock market. With this we add a greater number of markets and more than 400 ETFs that can now be negotiated by the BBVA website and app. Our efforts for this year focus on improving the applications we offer to investors, focusing on the user experience and adapting the service and rates to each investment profile.
At the product level we want to focus on ETFs activity. To do this We are doing a more efficient management of ETFs that can be negotiated on the platformin order to cover a greater number of sectors and megaters, but that does not overwhelm the investor for the amount of products available. The objective is to simplify the client’s choice so that if you want to invest in a certain index, you do not go crazy choosing among many options that you cannot identify, but to show 2 or 3 ETFs of that index but in turn cover a greater number of indices, sectors or trends as indicated above. For example, a way to avoid the risk of currency that we have commented before is to invest in ETFs of American indices that quote in EUR, and for this the less expert investor must have this option available and be able to identify it correctly when doing its operation ..
The continuous form It also represents a very relevant aspect and that we are taking a lot from BBVA trader bag. Every month we offer 5 or 6 online events on products, strategies and tools to invest or how to manage the risk of operating in markets. The investment community grows with new investors, young and not so young, and we want to help them as much as possible.
If there is something that has returned is volatility. Do you think it will be a long time?
It seems that yes. The news about negotiations in tariff issues, the geopolitical situation, the monetary policy decisions of the central banks, especially of the Federal Reserve USA. Will provide volatility to the markets.
We also have to take into account If companies resist the impact of possible tariffs, how they affect their results accounts and their possible income and benefits forecasts. On the other hand, macroeconomic data, especially in the US reality..
Do you see any clear opportunity in the market?
For now, European markets are the ones that maintain the best position highlighting Spain and Germany. Other markets that could do well would be India, Brazil, Poland.
Perhaps the keyword in the current scenario is to diversify, and from that diversification I think that all the points we have commented so far are important. I would highlight the rotation of portfolios to markets with greater potential and the search for quality actions (less debt, greater cash flow …).
It is true that To have a good portfolio you have to look for opportunitiesboth in sudden price drops that make purchases much more attractive, and selecting relevant companies for business and growth, which can add diversification, which as we said, is the key to managing our portfolios.
What advice would you give to an investor?
The money must be worked on. If we are invested, you have to be attentive to the markets. That is, if I am an investor I have to get at least five minutes a week to see how my investments are going.
In short, the Council would be the same as we always give to our clients: to follow the market, form, not to assume unnecessary and prudence risks. The market is open every day, there are opportunities every day so you don’t have to rush and make incorrect decisions. You have to analyze well and understand what we invest our money. In addition, depending on the inverter’s profile and your risk tolerance, you can be more or less aggressive and look for those assets that best adapt to your way of investing.