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MAPFRE Inversión leads the ranking of securities firms in Spain

Apr 7, 2022

Redacción Mapfre

Redacción Mapfre

MAPFRE Inversión, the MAPFRE business area that encompasses the Group's investment services for its customers, led the ranking by fees of Spanish investment companies in 2021 with €17.12 million, according to data from the Spanish National Securities and Exchange Commission. According to the publication El Asesor Financiero, which reported these figures, it was first in the profit ranking, exceeding €43 million.

Fees received by securities companies as a whole amounted to €481.95 million in 2021, a drop of 8.34% compared with the previous year, while net fees totaled €265.79 million, showing a decline compared with 2020 of 14.5%. According to Miguel Ángel Segura, general manager of MAPFRE Inversión, “the major difference with respect to other securities companies lies in the volumes of our pension fund and mutual fund assets and the very broad network of agents we have.” “The nearly €4.1 billion in mutual funds, €3 billion in pension funds, and €1.3 billion in third-party assets is why the volume of fees we receive is so high in our role as marketers of own and third-party products,” he added.  MAPFRE has committed to similarities between the role of agents and the traditional retail model, thereby establishing a successful symbiosis between the agent network and the insurance industry.

MAPFRE Inversión achieved the best results in its history last year, supported by the performance of its funds, and the momentum of its sales activity. The good performance of MAPFRE's mutual fund underwriting and incoming transfers resulted in net inflows of €384 million (€714 million if third-party funds are included), 98% higher than the previous year. Also showing a good performance was MAPFRE Gestión Patrimonial, the area that offers financial investment solutions to its customers with an open architecture model, whose advised assets grew by 44% to €1.3 billion.

Alternative assets: portfolio diversification with these funds

Alternative assets: portfolio diversification with these funds

Alternative assets are a good way to diversify the portfolio, and MAPFRE knows it. Since 2018, the Group has worked to have greater exposure to this area and explore new investment opportunities: as of last year, €1.35 billion had been committed to this type of asset.

How do interest rates affect bonds?

How do interest rates affect bonds?

Fixed income is shaping up to be "the star asset" this year, although uncertainty regarding interest rate movements could put some investors off. Juan Nozal, fund manager of MAPFRE AM, explains how these movements impact bond prices and yields.

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