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MAPFRE AM becomes a leader of independent management

Feb 8, 2023

Redacción Mapfre

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.

A list of econ books for you to dive into this summer

A list of econ books for you to dive into this summer

The holidays are just around the corner—perfect for diving back into those books we've been meaning to read all year. Not sure where to begin? The experts at MAPFRE AM and MAPFRE Gestión Patrimonial have a few great recommendations to get you started.

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