Discretionary portfolio management (DPM) revolutionizes asset management

Discretionary portfolio management (DPM) is a service that has been gaining followers in recent years, and for good reason: it allows investors to delegate the management of their investments to experts. In fact, according to Inverco, the estimated amount of equity in DPM was around €149 billion at the end of June of this year.

“Most of the captures in these years in the industry, except for the most conservative funds, have been in funds linked to discretionary portfolio management,” highlights Juan Bernal, Group Chief Investment Officer at MAPFRE, during his address at the 15th National Collective Investment Conference, organized by Inverco and Deloitte.

Bernal notes that “this is not a competition between the fund of funds and the GDC; both are compatible, and it largely depends on each distributor’s strategy. What we see at MAPFRE is that combining this tool or solution with technology and reach creates a highly efficient and scalable way to deliver quality management to our clients,” he explains.

For MAPFRE, discretionary portfolio management is not something new; the company has been using it as the main vehicle for investing the Group's assets for years. “MAPFRE AM is managing around €30 billion in this way, and now, we have made progress to make that service available to our clients through our more than 3,000 offices across the territory,” he notes. .

Financial literacy, a key factor in the development of asset management

Financial literacy was another major theme of the 15th National Collective Investment Conference. “Financial companies have a responsibility and must support our clients. Our presence across the country, our close relationship with clients, and the trust they have placed in us compel us to play a key role in promoting education and awareness within society,” emphasizes MAPFRE's Group Chief Investment Officer.

Bernal insists that this financial literacy must take on greater importance in educating our youth, without leaving aside older groups. “At MAPFRE, we believe that financial and insurance literacy are not only a social safeguard against financial exclusion, but also a driver of upward mobility. We are committed to promoting financial education and supporting our clients throughout their life cycle,” he concludes. .