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MAPFRE AM becomes a leader of independent management

Feb 8, 2023

Redacción Mapfre

MAPFRE AM, MAPFRE’s asset manager, has become the largest non-banking independent firm, as highlighted by El Confidencial in an article published this week (available in Spanish). According to Inverco’s 2022 closing data, MAPFRE had managed assets worth 9.71 billion. As a management group for collective investment institutions (CII), it surpassed Mutua, which finished with 8.73 billion. The first group finished in 11th place, and the second in 17th place.

MAPFRE AM finished the fiscal year with 2.79 billion in funds—with over 267 million in net underwriting—and 1.27 billion in Luxembourg (the second largest Spanish SICAV after Santander). The largest section, in pensions, finished with 5.65 billion. This amount is distributed among 2.68 billion in its pensions fund manager, another 2.59 billion in its life insurance business with Bankinter, and 370 million in its life and pension business with CCM. However, if MAPFRE’s subsidiaries are included, the assets reach nearly 40 billion.

Market has already adjusted expectations but remains questions about the war

Market, particularly the stock exchanges, initially reacted with declines at the start of the conflict between the United States and Iran, because investors are experiencing fear and uncertainty. After reaching a new equilibrium, future developments will depend on whether the conflict is prolonged or spreads geographically, according to Alberto Matellán, CEO of La Financière Responsable.

Iran War Sends Markets Off Course

RoadMap: Monthly market report prepared by the Mapfre AM team

What to Do When a Geopolitical Conflict Triggers Market Volatility

The recent crisis in the Middle East has brought back the familiar mix of nerves and uncertainty that typically accompanies conflicts of this kind: major indices have fallen, commodity prices—especially energy—have risen, and investors have rushed into safe-haven assets.