España tras Sánchez
Rafaborrajo@bor_torres
The idea
Creo que el PSOE pierde las elecciones del 29 de noviembre y entra un gobierno del PP, con una agenda mucho más favorable a la vivienda: derogar topes al alquiler, impulsar construcción nueva y avalar hipotecas. Armo la cesta con los dos grandes bancos hipotecarios, una constructora española y un fondo de la bolsa española para captar al resto del sector inmobiliario que no cotiza fuera de España. Mantengo una porción en efectivo y evito apostar todo a un solo nombre, pensando en sostener la idea varios años salvo que el resultado electoral o el rumbo de las reformas cambien claramente.
What it owns
- Expanded government backing for young borrowers and removal of rental caps are expected to drive residential mortgage growth and lending volumes. · Banco SantanderIt is Spain's largest mortgage lender and would benefit from government programs expanding home loans to younger borrowers., Banco Bilbao Vizcaya ArgentariaIt is a major Spanish mortgage and credit provider positioned to gain from increased residential lending and reduced political friction in the banking sector.39%
- This fund holds Spanish construction companies, real estate firms and banks that are not accessible as individual listings from the U.S. market. · iShares MSCI Spain ETFThis fund tracks the broad Spanish equity market, providing exposure to construction, real estate and banking sectors that do not trade as individual securities in the U.S.25%
- More land availability, faster licensing and increased housing development create sustained demand for construction firms. · FerrovialIt is Spain's largest listed constructor with significant infrastructure assets, though most revenue comes from toll roads and water contracts outside Spain.21%
- Cash15%