Kanada\u2019n\u0131n yabanc\u0131 menkul k\u0131ymetlere (hisse ve tahvil gibi yat\u0131r\u0131m ara\u00e7lar\u0131na) portf\u00f6y yat\u0131r\u0131m\u0131 \u015eubat\u2019ta 25,36 milyar dolara y\u00fckseldi. Bir \u00f6nceki d\u00f6nemde bu tutar 11,39 milyar dolard\u0131.<\/p>\n
Veriler, \u00f6nceki de\u011fere g\u00f6re 13,97 milyar dolarl\u0131k art\u0131\u015fa i\u015faret ediyor. Bu da \u015eubat\u2019ta Kanadal\u0131 yat\u0131r\u0131mc\u0131lar\u0131n yurt d\u0131\u015f\u0131 menkul k\u0131ymet al\u0131mlar\u0131n\u0131 h\u0131zland\u0131rd\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n
\u015eubat verisinde yabanc\u0131 menkul k\u0131ymetlere 25,36 milyar dolarl\u0131k net \u00e7\u0131k\u0131\u015f g\u00f6r\u00fclmesi, Kanada dolar\u0131 (CAD) i\u00e7in belirgin olumsuz bir sinyal. \u00dclkeden \u00e7\u0131kan sermayenin bir \u00f6nceki aya g\u00f6re iki kattan fazla artmas\u0131, CAD \u00fczerinde do\u011frudan sat\u0131\u015f bask\u0131s\u0131 yarat\u0131r. Bu nedenle k\u0131sa vadede ABD dolar\u0131 kar\u015f\u0131s\u0131nda zay\u0131fl\u0131\u011f\u0131n s\u00fcrmesi beklenebilir.<\/p>\n
Bu devam eden \u00e7\u0131k\u0131\u015fla birlikte, \u015fu s\u0131ralar 1,3850 civar\u0131nda i\u015flem g\u00f6ren USD\/CAD kurunun yukar\u0131 y\u00f6nl\u00fc potansiyelinin s\u00fcrd\u00fc\u011f\u00fcn\u00fc d\u00fc\u015f\u00fcn\u00fcyoruz. May\u0131s ve Haziran vadeli, yakla\u015f\u0131k 1,4000 kullan\u0131m fiyatl\u0131 (vade sonunda kur bu seviyenin \u00fczerine \u00e7\u0131karsa kazan\u00e7 sa\u011flayan seviye) al\u0131m opsiyonu (belirli bir tarihe kadar belirli bir fiyattan alma hakk\u0131) almak, riski ba\u015ftan belli olan bir pozisyonlama sa\u011flar. Bu strateji, Kanada dolar\u0131n\u0131n beklendi\u011fi gibi zay\u0131flamas\u0131 halinde kazan\u00e7 hedefler.<\/p>\n
Yurt d\u0131\u015f\u0131 getiri aray\u0131\u015f\u0131n\u0131n, Kanada piyasalar\u0131n\u0131n g\u00f6rece zay\u0131f performans\u0131ndan kaynaklanmas\u0131 muhtemel. S&P\/TSX y\u0131l ba\u015f\u0131ndan bu yana s\u0131n\u0131rl\u0131 y\u00fczde 1,5 y\u00fckselirken, S&P 500 y\u00fczde 6\u2019n\u0131n \u00fczerinde prim yapt\u0131. Bu ayr\u0131\u015fma, t\u00fcrev \u00fcr\u00fcnler (dayanak varl\u0131\u011f\u0131n de\u011ferine ba\u011fl\u0131 s\u00f6zle\u015fmeler) kullanarak Kanada hisse piyasas\u0131na kar\u015f\u0131 pozisyon almay\u0131 destekliyor. Geni\u015f TSX endeksini izleyen ETF\u2019lerde (borsada i\u015flem g\u00f6ren fon) sat\u0131m opsiyonu (belirli bir fiyattan satma hakk\u0131) almak, bu g\u00f6reli zay\u0131fl\u0131\u011fa kar\u015f\u0131 korunma (hedge) amac\u0131yla de\u011ferlendirilebilir.<\/p>\n
Ayr\u0131ca bu sermaye \u00e7\u0131k\u0131\u015f\u0131, finansal ko\u015fullar\u0131 gere\u011finden fazla s\u0131k\u0131la\u015ft\u0131rmamak i\u00e7in Kanada Merkez Bankas\u0131\u2019n\u0131 daha temkinli ya da \u201cg\u00fcvercin\u201d (faiz art\u0131\u015f\u0131nda isteksiz, b\u00fcy\u00fcmeyi \u00f6nceleyen) bir \u00e7izgiye itebilir. Faiz oran\u0131 t\u00fcrevleri (gelecekteki faiz seviyelerine dair beklentiyi yans\u0131tan s\u00f6zle\u015fmeler) art\u0131k y\u0131l ortas\u0131na kadar faiz art\u0131\u015f\u0131 olas\u0131l\u0131\u011f\u0131n\u0131 ge\u00e7en aya g\u00f6re daha d\u00fc\u015f\u00fck fiyatl\u0131yor. Bu da piyasan\u0131n, \u00e7\u0131k\u0131\u015f verisinin olumsuz ekonomik mesaj\u0131n\u0131 giderek daha fazla hesaba katt\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kanada\u2019n\u0131n yabanc\u0131 menkul k\u0131ymet yat\u0131r\u0131m\u0131 \u015eubat\u2019ta 25,36 milyar dolara s\u0131\u00e7rad\u0131; sermaye \u00e7\u0131k\u0131\u015f\u0131 CAD i\u00e7in alarm. USD\/CAD\u2019de 1,40 hedefi \u00f6ne \u00e7\u0131karken, TSX\u2019de put hedge ve g\u00fcvercin BoC senaryosu g\u00fc\u00e7leniyor.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-44895","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/44895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=44895"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/44895\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=44895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=44895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=44895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}