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5th edition of Iberian Value: new investment ideas with MAPFRE AM and Jonathan Boyar

Jun 10, 2021

Redacción Mapfre

New phases bring forth new ideas, and the world of investment is no different. Four years ago, MAPFRE Asset Management signed an agreement with Boyar Value Group to provide solutions and new investment propositions that went beyond the most traditional options available. The US Forgotten Value Fund, jointly created by both groups in 2019, shone a light on seeking out market opportunities by leveraging value.

Eduardo Ripollés, institutional business development manager at MAPFRE AM, and Jonathan Boyar, president of the American firm, participated in the V edition of Iberian Value to talk about some of the joint investments made through their fund. More specifically, Boyar made a presentation on a US-based company called Angi, which represents 2.1 percent of the portfolio of the “forgotten” securities fund. Despite not being “statistically cheap”, the company’s fundamentals make it “interesting as an investment in the long-term".

Angi is a technology-driven home improvements and remodeling service platform and has enjoyed several years of impressive growth. Eduardo Ripollés stated that “little by little, value companies such as this one are revealing themselves as solvent and profitable and with an inherent premium, even if that is not reflected in their share price.”

Markets showing signs of doubt before year end but are still at record levels

November was a volatile month for financial markets, as they dealt with the longest U.S. government shutdown in history, concerns about the valuations reached in companies linked to Artificial Intelligence, and sudden changes in the expectation of a further interest rate cut by the Fed. Returns were flat or slightly positive in equity markets.

Lessons from 2025 That Will Guide Our Investment Decisions in 2026

No investor would deny that 2025 has been a “lively” year. Tariffs, interest-rate cuts, and questions about a potential artificial-intelligence “bubble” have dominated headlines in recent months. Even so, 2025 will also be remembered as a year of transition and adjustment.

Central banks will be decisive in shaping market trends in 2026

High stock market valuations and the concentration of gains, especially in the technology sector, dominate much of the analysis, although MAPFRE's experts point to another crucial factor: central bank policy. With the Fed facing another rate cut and a likely change in its chairmanship, and a European Central Bank that could take the opposite path if economic growth exceeds expectations, monetary policy could be decisive in the currency, bond, and equity markets.