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Tiny Spanish soccer listing may spur deals

Jun 15, 2021

Redacción Mapfre

Redacción Mapfre

A sporting minnow poised to become Spain’s first publicly quoted soccer club could blaze a trail for bigger teams to follow suit, according to Luis García, fund manager at MAPFRE AM.

Last month, shareholders of CF Intercity backed plans outlining the way forward to take the Spanish fourth-division team, which is based in Sant Joan d’Alacant, a town on the Mediterranean coast, public. At about 4.5 million euros, its initial market valuation will be modest to say the least.

Even so, Luis García, portfolio manager of MAPFRE AM Behavioral Fund, in an interview with Bloomberg, said the listing is “great news”, adding that “Intercity isn’t going to be the only one – it’ll open the door to the stock exchange for more clubs.”

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Economic Tailwinds Favor Diversified Portfolios

Economic Tailwinds Favor Diversified Portfolios

Favorable economic conditions suggest investing in diversified portfolios, with particular attention to emerging markets and Japan, where valuations remain more attractive and offer greater upside potential. This is the view of Javier de Berenguer, fund selector and market analyst at Mapfre Inversión.

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