MAPFRE Gestión Patrimonial leads November’s profits

November was a month that brought a sense of relief to stock markets, debt markets, and fund investors, as they recuperated the losses in their portfolios from the months before. Within this context, MAPFRE Gestión Patrimonial (MGP), the MAPFRE unit that offers financial investment solutions to its customers to make their savings profitable, was able to take advantage of the rebound, positioning themselves in first place in portfolio management for the month, with a return of 4.26% in the riskiest category, according to the mutual fund portfolio competition co-organized by Expansión and Allfunds.

Overall, the best results of the month were recorded in emerging markets, in Asian stock markets in particular, where MAPFRE holds on to an important portfolio position (20%). This development was a result of the Chinese government’s decision to ease up on its Zero-Covid policies that had been in place for over a year. Placing stakes on the banking sector also worked out, as though it only makes up 5% of the portfolio's weight, it rose to 6% in November. The rest of the portfolio ended the month on a positive note, with the exception of the GQG Global Equity fund, which was weighed down by the position in the energy sector.

Freelcapital and Rentamarkets came after MAPFRE, with returns of 3.98% and 3.56% respectively in their riskier portfolios. On the more conservative side, Indexa Capital achieved the best results, with an upturn of 2.4%. In general, almost all the participants in the competition avoided registering losses in the penultimate month of the year, edging closer to positive returns for 2022. Spanish funds in particular cut accumulated losses by almost 1.5% in November, according to data from Inverco.

This ranking arose from the challenge Expansión presented at the beginning of the year to put to the test the quality of about 20 mutual fund portfolio management companies. Each firm designed an aggressive strategy and a conservative one, which they can reshape each month with a minimum of five mutual funds and a maximum of ten.

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