How to invest in the whole world with just one MAPFRE fund
Redacción Mapfre
Deepseek vs. ChatGPT; Amazon vs. Alibaba; Tesla vs. BYD. These are some examples of companies that are currently in a battle to lead their respective strategic sectors. Although the rivalry between the Asian and US market is not recent, it has grown in recent times.
This is where Patrick Nielsen, Deputy General Manager of MAPFRE AM and Fondmapfre Global Manager, goes beyond and argues that the world is currently undergoing a transition toward a multipolar order. In other words, an international system is emerging, organized around multiple autonomous centers of power, as opposed to being dominated by a single superpower.
Nielsen explains that we are experiencing a stage of geopolitical and economic transformation that has broken many of the traditional schemes. There is no longer a single economic power center, nor a predictable roadmap for investors. Faced with this new order, Nielsen proposes a clear solution: a global investment strategy, without needing to guess who will win the next technological or economic race.
“We're moving toward a multipolar world,” says Nielsen. “And since there is competition in each region, that improves growth and improves innovation. It's a more complex dynamic, but also a richer one.”
Investing in a competitive world
Nielsen argues that the old vision focused on the United States or Europe as the only drivers of growth is no longer sufficient. “It’s not enough to say: ‘I'm in the American market and that's enough.’ Because, as we’ve seen with the emergence of Chinese companies like DeepSeek or electric vehicle manufacturers, innovation is no longer unique to a single region,” he says in conclusion, adding, “In every sector, there is competition among consumers, in terms of financing, and so on.”
Faced with this paradigm shift, Nielsen argues that Fondmapfre Global seeks to be present where opportunities arise, without limiting itself to a single possible winner. “If there is a race between American and Chinese technology companies, You can say, ‘hey, I'm betting on the Chinese, or I'm betting on Americans.’ You can also say, ‘hey, I'm betting on both, and may the best one win.’ The latter is what we do,” he states.
“With this fund you benefit from many trends”
When asked whether it is more advantageous to invest in a thematic fund, Nielsen explains that with this type of fund, “you really need to have a clear understanding,” as it requires the ability to “identify trends and know when they emerge and when they run their course, as some last for several years, while others only for a matter of months. Some are eternal promises—for example, everything to do with quantum computing, which is a recurring theme but has yet to truly materialize on the stock market,” he says, before going on to explain that “this fund is more all-terrain, something you can hold for the next 20 years.”
Fondmapfre Global, in depth
Fondmapfre Global is an investment fund that invests through other funds, with exposure to both shares (equity) and bonds (fixed income) and currencies. According to the latest data published by Morningstar, as of June 18, 2025, this fund manages assets worth €295.1 million.
In the last year, the fund has obtained a return of over 4.6%, while over a five-year period, it has an average annualized return of over 8%.
This investment product has a medium-high risk profile, with a score of 5 out of 7 on the Morningstar scale.
The fund tends to have close to 100% exposure to equities, with the U.S. being its main market (more than two thirds of the investment) and the technology sector being the predominant one, with more than 20% of the total investment.
