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MAPFRE Investimentos reaches the milestone of 15 billion reais under management

Jan 25, 2024

Redacción Mapfre

Redacción Mapfre

MAPFRE Investimentos, the asset management arm of the insurance group MAPFRE in Brazil, has reached the historic milestone of 15 billion reais in assets under management. The achievement crowns a growth trajectory that has seen remarkable progress, both in terms of the number of clients and the volume of assets under management, and is the fruit of its effective allocation strategies.

This result has been achieved thanks to the strong performance of the funds in the perception of investors, leading to an allocation of 3.2 billion reais in 2023. In addition, closer collaboration with investment platforms and advisors who work directly with end clients played an important role. As MAPFRE Investimentos does not directly serve the retail segment, the commitment and support provided to platforms and investment advisors are key components of the company’s strategy.

In this context, 2.7 billion reais was raised through the investment platform in 2023, with the participation of approximately 58,000 clients, representing a staggering 574% increase compared to December 2022.

Complementing this significant growth, the institutional segment grew by 17.5% in 2023, further consolidating MAPFRE Investimentos within this larger group of clients, who demand proximity and customized investment solutions.

“We had a year of excellent results, just as the management company celebrates its 20th anniversary. Our client base is growing every day,” says Carlos Eduardo Eichhorn, Director of Asset Management at MAPFRE Investimentos. “This new milestone is recognition of the quality of the work carried out every day by an experienced and dedicated team, committed to excellence in asset management,” he affirms.


MAPFRE Fixed Income was a highlight in 2023

The strong performance of investment funds observed this year is a continuation of a trajectory that has consistently delivered positive results in terms of risk/return. The outstanding fund in 2023 was the MAPFRE RENDA FIXA, which attracted approximately 2.6 billion reais during the period.

Despite the macroeconomic scenario generally favorable to this asset class, thanks to double-digit interest rates, the performance and resilience of this fund generated significant competitive advantages over its peer group (similar funds).

In the multi-market segment, MAPFRE INVERSION stood out for its performance, achieving a net return of 22.27% in 2023, compared to an IDC (Interbank Deposit Certificate) accumulation of 13.05% over the same period. With this impressive result, the fund showed a 65% growth in assets in 2023 and received important recognition from Valor Econômico, securing 1st place among the best performing multimarket funds in the first half of the year.

Also in 2023, MAPFRE Investimentos was ranked by Moody’s Local Brasil as second-best fixed income manager in Brazil, as reported in Valor Investe. The management company also excelled in the pension segment: in the 2023 Valor Econômico/FGV Pension Guide, MAPFRE Investimentos was ranked first in the “Fixed Income Credit Funds Management” and “General Specialist Management” categories.

It is worth noting that all MAPFRE funds have a long track record, allowing clients to properly assess the suitability of each product for each investor profile. “We have a wide range of long-standing products for every market situation and investor profile, from conservative to aggressive, including products with a higher risk/return ratio for times when fixed income is less attractive,” Eichhorn points out.

The 2024 strategy will bring some innovations to the market, with the confirmed launch of a new fund in the first quarter and the availability of pension funds for investment platforms. “With interest rates expected to remain in double digits throughout the year, the scenario will remain attractive for fixed income. However, other segments such as equities, multi-market funds, and private credit are expected to see significant growth in 2024,” the executive predicts.

Good prospects for the markets in the second half of the year

Good prospects for the markets in the second half of the year

The first half of 2024 was quite positive for equity markets, and forecasts for the next six months are equally bright. Which sectors have the most potential? What about fixed income? Alberto Matellán, chief economist at MAPFRE Inversión, goes into the details.

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