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MAPFRE AM joins the Top 10 asset managers in Spain

Nov 8, 2023

Redacción 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.

Records, risks, and reasons for caution (and optimism) in the markets

In the third quarter, U.S. equities extended their post liberation day advance, especially in the case of small caps.

How to invest with the stock market at maximums?

We are facing a high price scenario, in which questions for investors arise: Should one enter a market that is already “expensive,” or wait? Should you hold your investments, or is it time to sell? MAPFRE experts explain that being in a moment when stock markets are at record highs should not deter investment if we have a long-term outlook—the most suitable for retail investors—and good diversification.

Fed Highlights “High Prices” in Equities: Are We Facing a Bubble?

The U.S. Federal Reserve has dominated much of the economic and financial discussion in recent weeks, largely due to the debate over possible rate cuts, which were confirmed last week. On Tuesday, Chair Jerome Powell again drew attention by referring in a speech to the “fairly high” prices in U.S. equities. With Wall Street at historic highs, the question arises whether we are dealing with an equity bubble.