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MAPFRE AM joins the Top 10 asset managers in Spain

Nov 8, 2023

Funds

Redacción Mapfre

Redacción Mapfre

Twitter icon@Mapfre

MAPFRE has entered the Top 10 of asset management firms in Spain, with assets under management totaling 9.9 billion euros, according to the barometer prepared by FundsPeople monthly. When management of the group's financial investments is taken into account, the total exceeds 30 billion.

Mutual funds experienced the best growth so far this year, standing at 3.15 billion euros, up 12% on last year’s close. MAPFRE AM has a wide range of funds in place to adapt as much as possible to different risk profiles: from equity vehicles with ESG characteristics, such as MAPFRE AM Inclusión Responsable, to the latest guaranteed fund launches, such as FONDMAPFRE Garantía II.

“We’re growing a lot in mutual funds thanks to distribution agreements with other financial institutions,” explains Álvaro Anguita, CEO of MAPFRE AM. "In pension funds, we’re also seeing significant positive net subscriptions. These are quite good results, taking into account the current economic context."

MAPFRE AM also stands out in terms of profitability, with an average return at the end of October of 3.52 percent, as highlighted by the financial newspaper Expansión based on data from Vdos. The Group's vehicles are therefore among the most profitable among those of the largest asset managers.

Volatility: Risk or opportunity?

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Volatility may be either a risk or opportunity, depending on how it is used. For investors who make movements influenced by the continuous flow of news that appears on a daily basis, volatility has proven to be the most important factor in the loss of returns. In contrast, for those who are more patient, it becomes a indispensable alpha tool and a key ally for the development of their assets.

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