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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.

Markets showing signs of doubt before year end but are still at record levels

November was a volatile month for financial markets, as they dealt with the longest U.S. government shutdown in history, concerns about the valuations reached in companies linked to Artificial Intelligence, and sudden changes in the expectation of a further interest rate cut by the Fed. Returns were flat or slightly positive in equity markets.

Lessons from 2025 That Will Guide Our Investment Decisions in 2026

No investor would deny that 2025 has been a “lively” year. Tariffs, interest-rate cuts, and questions about a potential artificial-intelligence “bubble” have dominated headlines in recent months. Even so, 2025 will also be remembered as a year of transition and adjustment.

Central banks will be decisive in shaping market trends in 2026

High stock market valuations and the concentration of gains, especially in the technology sector, dominate much of the analysis, although MAPFRE's experts point to another crucial factor: central bank policy. With the Fed facing another rate cut and a likely change in its chairmanship, and a European Central Bank that could take the opposite path if economic growth exceeds expectations, monetary policy could be decisive in the currency, bond, and equity markets.