Gestión de riesgos en inversiones de renta fija en Colombia

Abstract

This paper aims to describe the mechanisms to identify measure, control and minimize the various financial risks faced by an investor at the time of investment in the fixed income market in Colombia. The methodology used to develop this subject, classified as descriptive research foundation to support bibliographic content on current issues in capital investment and in Colombia and in the analysis of case studies to meet the goal already mentioned in the first paragraph. The latter activity manages to consolidate after many meetings of the authors and various consulting with teachers on the issue of financial risk management Investments in fixed income market are technically free of risk, but in a globalized economy, as evidenced in our current global market, these instruments involve large volatility in their prices as a result of the dynamics of the risk factors involved in capital markets, which in turn are based on the expectations of international events such as political conflicts, financial crises, economic speculation, etc. As an investor it is important to know the risk arising from these dynamic risk factors in each of the investments are in Colombia, especially in fixed income, it is known that apparent safety benefit from having the support of an issuer as the national government and, as its name implies, a fixed income credited to the maturity of the instrument. The truth is that in fixed income investments are financial risks to be continuously monitored and controlled to avoid or mitigate them. Mainly emphasize market risk, credit risk and liquidity risk, which do need to know and implement successful methodologies to manage in an attempt to not get results unfavorable investments. The proper management of financial risks in fixed income investments can at first identifies the types of risks that may affect the operation (see above) and the expected results of an investment, helping to determine the level of tolerance or risk aversion. The article then evaluated identified risks, quantifying the costs associated with each. Finally, select the best method to manage these risks based on the position you want to take: avoid, mitigate or transfer.