لنگر کشتی سرمایه در میان طوفان‌های هرمز

In the current capital market environment, which is affected by systematic geopolitical risks and exchange rate fluctuations, we are witnessing an increase in the sensitivity of money flows to macro signals. The outflow of real capital and emotional market reactions have highlighted the need for portfolio restructuring more than ever. On the July 28th episode of “Watchlist,” we discussed asset allocation strategies in uncertain times with Ali Sadeghpour, Investment Manager of Atiyeh Toka Portfolio Management. The key themes of this conversation were: Liquidity management: Fixed income funds in the current model are not simply a haven for liquidity parking, but a tool for active liquidity management to intelligently enter the stock market during price corrections. Fund selection indicators: Simply paying attention to historical returns is not enough. A professional investor should monitor three main components: Market-making power: The fund’s ability to respond to heavy cancellations and maintain liquidity in critical situations. Reserve Percentage: Examining the difference between the realized return and the interest rate paid; an indicator that acts as a "spring cushion" for the stability of profitability in future trends. Interest Rate Sensitivity: Assessing the fund's portfolio against changes in interest rates (debt), which is the main risk of this asset class. Portfolio Architecture in Stressed Conditions: The recommended solution in the current situation is to diversify between asset classes (stocks, gold, fixed income) to minimize inflation and geopolitical risks as much as possible. According to Sadeghpour, in the event of a possible stabilization of the agreement environment and a decrease in inflation expectations, fixed income strategies can still provide desirable returns while protecting the principal. For a deeper understanding of the mechanism of fixed income funds and how to analyze their portfolios in order to create wealth, we recommend that market participants watch this conversation. Website fardayeeghtesad.com Instagram instagram.com/farda_eghtesad Twitter twitter.com/feghtesad Telegram t.me/feghtesad