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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.

The geopolitical and energy shock seems to be over for equities

RoadMap: Mapfre AM monthly markets bulletin

The ECB takes a cautious approach despite inflationary risks

At its April meeting, the European Central Bank (ECB) kept interest rates unchanged, with the deposit facility at 2.00%.

With lasting peace, we return to the scenario we had at the beginning of the year

If the information about a potential lasting peace in the Middle East conflict is confirmed, it is likely that the stock markets will rise even further. “Overall, we are returning to the scenario we had at the start of the year, where we sensed that it could be a good year for equities,” says Ismael García Puente, Deputy Director of Investment Strategy at Mapfre AM, during an interview on Radio Intereconomía.