{"id":467110,"date":"2026-01-27T16:19:20","date_gmt":"2026-01-27T15:19:20","guid":{"rendered":"https:\/\/www.mapfream.com\/mejor-fondo-mapfream-2025\/"},"modified":"2026-01-29T15:14:01","modified_gmt":"2026-01-29T14:14:01","slug":"mejor-fondo-mapfream-2025-2","status":"publish","type":"post","link":"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/","title":{"rendered":"Which Mapfre AM fund performed best in 2025? \u2014 Keys to its success"},"content":{"rendered":"<p>[et_pb_section fb_built=\"1\" _builder_version=\"4.27.5\" _module_preset=\"default\" background_color=\"#F4F4F4\" background_image=\"https:\/\/www.mapfream.com\/wp-content\/uploads\/Foto-1600x344-1.jpg\" background_position=\"center_left\" height=\"100px\" custom_margin=\"0px||20px||false|false\" custom_padding=\"0px||0px||true|false\" custom_css_main_element=\"min-height: 343px;||display: flex;||align-items: flex-end;\" locked=\"off\" global_colors_info=\"{}\"][et_pb_row column_structure=\"3_5,2_5\" _builder_version=\"4.25.1\" _module_preset=\"default\" custom_margin=\"0px||0px||true|false\" custom_padding=\"0px||0px||true|false\" global_colors_info=\"{}\"][et_pb_column type=\"3_5\" _builder_version=\"4.16\" _module_preset=\"default\" background_color=\"#ffffff\" custom_padding=\"35px||0px||false|false\" box_shadow_style=\"preset1\" box_shadow_horizontal=\"-240px\" box_shadow_vertical=\"0px\" box_shadow_blur=\"0px\" box_shadow_color=\"#ffffff\" global_colors_info=\"{}\"][et_pb_post_title meta=\"off\" featured_image=\"off\" admin_label=\"T\u00edtulo de publicaci\u00f3n\" _builder_version=\"4.20.4\" _module_preset=\"default\" title_font_size=\"38px\" title_line_height=\"1.3em\" width=\"80%\" module_alignment=\"left\" custom_margin=\"||15px||false|false\" global_colors_info=\"{}\"][\/et_pb_post_title][et_pb_post_title title=\"off\" author=\"off\" categories=\"off\" comments=\"off\" featured_image=\"off\" admin_label=\"Fecha de publicaci\u00f3n\" _builder_version=\"4.16\" _module_preset=\"default\" title_font=\"||||||||\" meta_font=\"|||on|||||\" meta_font_size=\"12px\" custom_margin=\"||0px||false|false\" locked=\"off\" global_colors_info=\"{}\"][\/et_pb_post_title][et_pb_post_title title=\"off\" author=\"off\" date=\"off\" comments=\"off\" featured_image=\"off\" admin_label=\"Categor\u00edas de publicaci\u00f3n\" _builder_version=\"4.16\" _module_preset=\"default\" meta_text_color=\"#9a9a9a\" meta_font_size=\"16px\" locked=\"off\" global_colors_info=\"{}\"][\/et_pb_post_title][\/et_pb_column][et_pb_column type=\"2_5\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\"][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=\"1\" _builder_version=\"4.16\" custom_padding=\"0px||0px||true|false\" locked=\"off\" global_colors_info=\"{}\"][et_pb_row column_structure=\"1_4,3_4\" _builder_version=\"4.25.1\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_column type=\"1_4\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_blurb title=\"Redacci\u00f3n Mapfre\" image=\"https:\/\/www.mapfream.com\/media\/2021\/01\/redaccion-mapfre.jpeg\" alt=\"Redacci\u00f3n Mapfre\" icon_placement=\"left\" admin_label=\"Redacci\u00f3n Mapfre\" module_class=\"staff_blurb_image\" _builder_version=\"4.23\" header_font=\"|600|||||||\" header_text_color=\"#2d373d\" header_font_size=\"17px\" body_text_color=\"#526570\" body_font_size=\"14px\" body_line_height=\"1.5em\" max_width_tablet=\"\" max_width_phone=\"\" max_width_last_edited=\"on|tablet\" hover_transition_delay=\"100ms\" hover_transition_speed_curve=\"linear\" custom_css_blurb_content=\"color:\" border_radii_image=\"on|50px|50px|50px|50px\" global_module=\"402926\" locked=\"off\" global_colors_info=\"{}\" header_text_color__hover_enabled=\"off|desktop\" custom_css_blurb_title__hover_enabled=\"on|hover\" custom_css_blurb_content__hover_enabled=\"on|hover\" custom_css_blurb_content__hover=\"color: #d81e04;\"]<\/p>\n<p><img decoding=\"async\" style=\"width: 15px !important; height: 15px !important; margin-right: 5px;\" src=\"https:\/\/www.mapfream.com\/media\/2021\/05\/icon-twitter-e1620987091233.png\" alt=\"Twitter icon\" data-src=\"https:\/\/www.mapfre.com\/contents\/lib\/mapfre-com\/includes\/modules\/Author\/images\/icon-twitter.png\" \/><a href=\"https:\/\/twitter.com\/mapfreinvests\" target=\"_blank\" rel=\"noopener noreferrer\">@Mapfre<\/a><\/p>\n<p>[\/et_pb_blurb][et_pb_divider show_divider=\"off\" _builder_version=\"4.16\" background_color=\"#D81E04\" width=\"107px\" max_height=\"5px\" custom_margin=\"20px||20px||true|false\" custom_padding=\"||||false|false\" locked=\"off\" global_colors_info=\"{}\"][\/et_pb_divider][\/et_pb_column][et_pb_column type=\"3_4\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_text content_tablet=\"<\/p>\n<p>The year 2025 has been extraordinary for the Spanish stock market. You only need to look at the data to see that this is true. The Ibex 35 closed 2025 as its best year since 1993, finishing above 17,000 points. In fact, the Spanish stock market was the most profitable in Europe in 2025.<\/p>\n<p>The Spanish index was driven mainly by the strong recovery of the domestic banking sector, whose stocks rose by more than 100%, as well as by the solid performance of sectors such as energy and construction.<\/p>\n<p>In this context of stock market euphoria, many investors found significant opportunities, but only those vehicles that combined active stock selection with disciplined management were able to fully capitalize on the rally.<\/p>\n<p>One of those funds was <strong>Fondmapfre Bolsa Iberia<\/strong>, which had the best performance of all Mapfre AM funds in 2025.<\/p>\n<p><strong>Fondmapfre Bolsa Am\u00e9rica, the best of Mapfre AM<\/strong><\/p>\n<p>Fondmapfre Bolsa Iberia is an investment vehicle that has proven to be a sound choice for investors interested in the Spanish market, <a href=%22https:\/\/www.finect.com\/fondos-inversion\/ES0165198039-Fondmapfre_bolsa_iberia_r_fi%22>achieving a profitability of 32.78% in 2025<\/a>.<\/p>\n<p>This fund has been driven, in general terms, by the performance of the Spanish stock market, which, as we have explained, has been exceptional overall during the year 2025. However, as manager Javier Miralles asserts, there are other factors behind the success of Fondmapfre Bolsa Iberia. \u201cThe fund has benefited from the strong overall momentum of the Spanish stock market, as well as from more specific investment choices such as positions in T\u00e9cnicas Reunidas, Greenergy, or the Portuguese company Sonae, among others,\u201d he explains.<\/p>\n<p>Fondmapfre Bolsa Iberia has been able to take advantage of both the general rise in the market and specific opportunities within Iberian equities.<\/p>\n<p><strong>Investment strategy<\/strong><\/p>\n<p>This Mapfre AM investment vehicle allocates a large part of its portfolio to the industrial sector, with a weight of 22.5% as of December 31, 2025. However, other significant sectors are also represented, such as cyclical consumption with 17.6%, followed by the financial sector with 13.3%, and health with 9.7%, among others.<\/p>\n<p>In terms of market capitalization, nearly half of the portfolio consists of mid-cap companies (47.1%), followed by small caps at 17.2% and large caps at 12.9%.<\/p>\n<p>As for the largest positions in the portfolio, also at December 31, 2025, Almirall SA is first with 5.05%, Banco Santander SA is second with 5.02%, followed by Laboratorios Farmaceuticos Rovi SA with 4.60%.<\/p>\n<p>\" content_phone=\"<\/p>\n<p>The year 2025 has been extraordinary for the Spanish stock market. You only need to look at the data to see that this is true. The Ibex 35 closed 2025 as its best year since 1993, finishing above 17,000 points. In fact, the Spanish stock market was the most profitable in Europe in 2025.<\/p>\n<p>The Spanish index was driven mainly by the strong recovery of the domestic banking sector, whose stocks rose by more than 100%, as well as by the solid performance of sectors such as energy and construction.<\/p>\n<p>In this context of stock market euphoria, many investors found significant opportunities, but only those vehicles that combined active stock selection with disciplined management were able to fully capitalize on the rally.<\/p>\n<p>One of those funds was <strong>Fondmapfre Bolsa Iberia<\/strong>, which had the best performance of all Mapfre AM funds in 2025.<\/p>\n<p><strong>Fondmapfre Bolsa Am\u00e9rica, the best of Mapfre AM<\/strong><\/p>\n<p>Fondmapfre Bolsa Iberia is an investment vehicle that has proven to be a sound choice for investors interested in the Spanish market, <a href=%22https:\/\/www.finect.com\/fondos-inversion\/ES0165198039-Fondmapfre_bolsa_iberia_r_fi%22>achieving a profitability of 32.78% in 2025<\/a>.<\/p>\n<p>This fund has been driven, in general terms, by the performance of the Spanish stock market, which, as we have explained, has been exceptional overall during the year 2025. However, as manager Javier Miralles asserts, there are other factors behind the success of Fondmapfre Bolsa Iberia. \u201cThe fund has benefited from the strong overall momentum of the Spanish stock market, as well as from more specific investment choices such as positions in T\u00e9cnicas Reunidas, Greenergy, or the Portuguese company Sonae, among others,\u201d he explains.<\/p>\n<p>Fondmapfre Bolsa Iberia has been able to take advantage of both the general rise in the market and specific opportunities within Iberian equities.<\/p>\n<p><strong>Investment strategy<\/strong><\/p>\n<p>This Mapfre AM investment vehicle allocates a large part of its portfolio to the industrial sector, with a weight of 22.5% as of December 31, 2025. However, other significant sectors are also represented, such as cyclical consumption with 17.6%, followed by the financial sector with 13.3%, and health with 9.7%, among others.<\/p>\n<p>In terms of market capitalization, nearly half of the portfolio consists of mid-cap companies (47.1%), followed by small caps at 17.2% and large caps at 12.9%.<\/p>\n<p>As for the largest positions in the portfolio, also at December 31, 2025, Almirall SA is first with 5.05%, Banco Santander SA is second with 5.02%, followed by Laboratorios Farmaceuticos Rovi SA with 4.60%.<\/p>\n<p>\" content_last_edited=\"on|phone\" admin_label=\"Content\" _builder_version=\"4.27.5\" _module_preset=\"default\" text_font=\"Open Sans||||||||\" text_text_color=\"#2D373D\" text_orientation=\"justified\" width=\"%22568%22\" height=\"%22476%22\" global_colors_info=\"{}\"]<\/p>\n<p>The year 2025 has been extraordinary for the Spanish stock market. You only need to look at the data to see that this is true. The Ibex 35 closed 2025 as its best year since 1993, finishing above 17,000 points. In fact, the Spanish stock market was the most profitable in Europe in 2025.<\/p>\n<p>The Spanish index was driven mainly by the strong recovery of the domestic banking sector, whose stocks rose by more than 100%, as well as by the solid performance of sectors such as energy and construction.<\/p>\n<p>In this context of stock market euphoria, many investors found significant opportunities, but only those vehicles that combined active stock selection with disciplined management were able to fully capitalize on the rally.<\/p>\n<p>One of those funds was <strong>Fondmapfre Bolsa Iberia<\/strong>, which had the best performance of all Mapfre AM funds in 2025.<\/p>\n<p><strong>Fondmapfre Bolsa Am\u00e9rica, the best of Mapfre AM<\/strong><\/p>\n<p>Fondmapfre Bolsa Iberia is an investment vehicle that has proven to be a sound choice for investors interested in the Spanish market, <a href=\"https:\/\/www.finect.com\/fondos-inversion\/ES0165198039-Fondmapfre_bolsa_iberia_r_fi\">achieving a profitability of 32.78% in 2025<\/a>.<\/p>\n<p>This fund has been driven, in general terms, by the performance of the Spanish stock market, which, as we have explained, has been exceptional overall during the year 2025. However, as manager Javier Miralles asserts, there are other factors behind the success of Fondmapfre Bolsa Iberia. \u201cThe fund has benefited from the strong overall momentum of the Spanish stock market, as well as from more specific investment choices such as positions in T\u00e9cnicas Reunidas, Greenergy, or the Portuguese company Sonae, among others,\u201d he explains.<\/p>\n<p>Fondmapfre Bolsa Iberia has been able to take advantage of both the general rise in the market and specific opportunities within Iberian equities.<\/p>\n<p><strong>Investment strategy<\/strong><\/p>\n<p>This Mapfre AM investment vehicle allocates a large part of its portfolio to the industrial sector, with a weight of 22.5% as of December 31, 2025. However, other significant sectors are also represented, such as cyclical consumption with 17.6%, followed by the financial sector with 13.3%, and health with 9.7%, among others.<\/p>\n<p>In terms of market capitalization, nearly half of the portfolio consists of mid-cap companies (47.1%), followed by small caps at 17.2% and large caps at 12.9%.<\/p>\n<p>As for the largest positions in the portfolio, also at December 31, 2025, Almirall SA is first with 5.05%, Banco Santander SA is second with 5.02%, followed by Laboratorios Farmaceuticos Rovi SA with 4.60%.<\/p>\n<p>[\/et_pb_text][et_pb_code raw_content_tablet=\"<\/p>\n<table border=%221%22 cellpadding=%228%22 cellspacing=%220%22>\n<thead>\n<tr>\n<th>Position<\/th>\n<th>ISIN<\/th>\n<th>Value (\u20ac)<\/th>\n<th>%<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Almirall SA<\/td>\n<td>ES0157097017<\/td>\n<td>1.780.163 \u20ac<\/td>\n<td>5,05%<\/td>\n<\/tr>\n<tr>\n<td>Banco Santander SA<\/td>\n<td>ES0113900J37<\/td>\n<td>1.768.493 \u20ac<\/td>\n<td>5,02%<\/td>\n<\/tr>\n<tr>\n<td>Laboratorios Farmac\u00e9uticos Rovi SA<\/td>\n<td>ES0157261019<\/td>\n<td>1.622.425 \u20ac<\/td>\n<td>4,60%<\/td>\n<\/tr>\n<tr>\n<td>Viscofan SA<\/td>\n<td>ES0184262212<\/td>\n<td>1.614.122 \u20ac<\/td>\n<td>4,58%<\/td>\n<\/tr>\n<tr>\n<td>Construcciones y Auxiliar de Ferrocarriles SA<\/td>\n<td>ES0121975009<\/td>\n<td>1.555.549 \u20ac<\/td>\n<td>4,41%<\/td>\n<\/tr>\n<tr>\n<td>Global Dominion Access SA<\/td>\n<td>ES0105130001<\/td>\n<td>1.451.869 \u20ac<\/td>\n<td>4,12%<\/td>\n<\/tr>\n<tr>\n<td>Sacyr SA<\/td>\n<td>ES0182870214<\/td>\n<td>1.334.311 \u20ac<\/td>\n<td>3,79%<\/td>\n<\/tr>\n<tr>\n<td>Ebro Foods SA<\/td>\n<td>ES0112501012<\/td>\n<td>1.274.388 \u20ac<\/td>\n<td>3,62%<\/td>\n<\/tr>\n<tr>\n<td>Tubacex SA<\/td>\n<td>ES0132945017<\/td>\n<td>1.271.772 \u20ac<\/td>\n<td>3,61%<\/td>\n<\/tr>\n<tr>\n<td>Iberdrola SA<\/td>\n<td>ES0144580Y14<\/td>\n<td>1.192.617 \u20ac<\/td>\n<td>3,38%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\" raw_content_phone=\"<\/p>\n<table border=%221%22 cellpadding=%228%22 cellspacing=%220%22>\n<thead>\n<tr>\n<th>Position<\/th>\n<th>ISIN<\/th>\n<th>Value (\u20ac)<\/th>\n<th>%<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Almirall SA<\/td>\n<td>ES0157097017<\/td>\n<td>1.780.163 \u20ac<\/td>\n<td>5,05%<\/td>\n<\/tr>\n<tr>\n<td>Banco Santander SA<\/td>\n<td>ES0113900J37<\/td>\n<td>1.768.493 \u20ac<\/td>\n<td>5,02%<\/td>\n<\/tr>\n<tr>\n<td>Laboratorios Farmac\u00e9uticos Rovi SA<\/td>\n<td>ES0157261019<\/td>\n<td>1.622.425 \u20ac<\/td>\n<td>4,60%<\/td>\n<\/tr>\n<tr>\n<td>Viscofan SA<\/td>\n<td>ES0184262212<\/td>\n<td>1.614.122 \u20ac<\/td>\n<td>4,58%<\/td>\n<\/tr>\n<tr>\n<td>Construcciones y Auxiliar de Ferrocarriles SA<\/td>\n<td>ES0121975009<\/td>\n<td>1.555.549 \u20ac<\/td>\n<td>4,41%<\/td>\n<\/tr>\n<tr>\n<td>Global Dominion Access SA<\/td>\n<td>ES0105130001<\/td>\n<td>1.451.869 \u20ac<\/td>\n<td>4,12%<\/td>\n<\/tr>\n<tr>\n<td>Sacyr SA<\/td>\n<td>ES0182870214<\/td>\n<td>1.334.311 \u20ac<\/td>\n<td>3,79%<\/td>\n<\/tr>\n<tr>\n<td>Ebro Foods SA<\/td>\n<td>ES0112501012<\/td>\n<td>1.274.388 \u20ac<\/td>\n<td>3,62%<\/td>\n<\/tr>\n<tr>\n<td>Tubacex SA<\/td>\n<td>ES0132945017<\/td>\n<td>1.271.772 \u20ac<\/td>\n<td>3,61%<\/td>\n<\/tr>\n<tr>\n<td>Iberdrola SA<\/td>\n<td>ES0144580Y14<\/td>\n<td>1.192.617 \u20ac<\/td>\n<td>3,38%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\" raw_content_last_edited=\"on|phone\" _builder_version=\"4.27.5\" _module_preset=\"default\" global_colors_info=\"{}\"]<\/p>\n<table border=\"1\" cellpadding=\"8\" cellspacing=\"0\"><!-- [et_pb_line_break_holder] -->  <\/p>\n<thead><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr><!-- [et_pb_line_break_holder] -->      <\/p>\n<th>Position<\/th>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<th>ISIN<\/th>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<th>Value (\u20ac)<\/th>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<th>%<\/th>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->  <\/thead>\n<p><!-- [et_pb_line_break_holder] -->  <\/p>\n<tbody><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>Almirall SA<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>ES0157097017<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>1.780.163 \u20ac<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>5,05%<\/td>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>Banco Santander SA<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>ES0113900J37<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>1.768.493 \u20ac<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>5,02%<\/td>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>Laboratorios Farmac\u00e9uticos Rovi SA<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>ES0157261019<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>1.622.425 \u20ac<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>4,60%<\/td>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>Viscofan SA<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>ES0184262212<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>1.614.122 \u20ac<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>4,58%<\/td>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>Construcciones y Auxiliar de Ferrocarriles SA<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>ES0121975009<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>1.555.549 \u20ac<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>4,41%<\/td>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>Global Dominion Access SA<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>ES0105130001<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>1.451.869 \u20ac<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>4,12%<\/td>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>Sacyr SA<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>ES0182870214<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>1.334.311 \u20ac<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>3,79%<\/td>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>Ebro Foods SA<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>ES0112501012<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>1.274.388 \u20ac<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>3,62%<\/td>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>Tubacex SA<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>ES0132945017<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>1.271.772 \u20ac<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>3,61%<\/td>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>Iberdrola SA<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>ES0144580Y14<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>1.192.617 \u20ac<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>3,38%<\/td>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->  <\/tbody>\n<p><!-- [et_pb_line_break_holder] --><\/table>\n<p><!-- [et_pb_line_break_holder] -->[\/et_pb_code][et_pb_text content_tablet=\"<\/p>\n<p>In this regard, as Miralles explains, the fund\u2019s philosophy is based on \u201cactive and prudent management of Iberian equities, focused on gaining an in-depth understanding of each company\u2014its management teams, operations, and commitment to sustainability\u2014in order to build a solid and balanced portfolio that prioritizes long-term quality and consistency over the pursuit of short-term market movements.\u201d<\/p>\n<p>In addition, the manager announces that the fund has recently incorporated the possibility of investing in European companies that have commercial or industrial interests in Spain, thus expanding its investment universe without losing the Iberian focus. \u201cThis gives us a little more flexibility to look for new investment ideas without losing the essence,\u201d he comments.<\/p>\n<p><strong>Will it continue to shine in 2026?<\/strong><\/p>\n<p>When asked about the current fiscal year and how the national market will behave, the manager comments that \u201ceverything seems to indicate that the good momentum of the Spanish stock market could continue in 2026,\u201d and continues to assure that, despite the substantial returns obtained in recent years, there is still a lot of potential in some companies.<\/p>\n<p>However, he expresses concern about the risks that remain present such as: geopolitical tensions, inflation, interest rates, or tariffs (among others). But he ensures that risks are inherent to asset management; the challenge is to identify them in time and try to minimize their negative impact.<\/p>\n<p>\" content_phone=\"<\/p>\n<p>In this regard, as Miralles explains, the fund\u2019s philosophy is based on \u201cactive and prudent management of Iberian equities, focused on gaining an in-depth understanding of each company\u2014its management teams, operations, and commitment to sustainability\u2014in order to build a solid and balanced portfolio that prioritizes long-term quality and consistency over the pursuit of short-term market movements.\u201d<\/p>\n<p>In addition, the manager announces that the fund has recently incorporated the possibility of investing in European companies that have commercial or industrial interests in Spain, thus expanding its investment universe without losing the Iberian focus. \u201cThis gives us a little more flexibility to look for new investment ideas without losing the essence,\u201d he comments.<\/p>\n<p><strong>Will it continue to shine in 2026?<\/strong><\/p>\n<p>When asked about the current fiscal year and how the national market will behave, the manager comments that \u201ceverything seems to indicate that the good momentum of the Spanish stock market could continue in 2026,\u201d and continues to assure that, despite the substantial returns obtained in recent years, there is still a lot of potential in some companies.<\/p>\n<p>However, he expresses concern about the risks that remain present such as: geopolitical tensions, inflation, interest rates, or tariffs (among others). But he ensures that risks are inherent to asset management; the challenge is to identify them in time and try to minimize their negative impact.<\/p>\n<p>\" content_last_edited=\"on|phone\" _builder_version=\"4.27.5\" _module_preset=\"default\" hover_enabled=\"0\" global_colors_info=\"{}\" sticky_enabled=\"0\"]<\/p>\n<p>In this regard, as Miralles explains, the fund\u2019s philosophy is based on \u201cactive and prudent management of Iberian equities, focused on gaining an in-depth understanding of each company\u2014its management teams, operations, and commitment to sustainability\u2014in order to build a solid and balanced portfolio that prioritizes long-term quality and consistency over the pursuit of short-term market movements.\u201d<\/p>\n<p>In addition, the manager announces that the fund has recently incorporated the possibility of investing in European companies that have commercial or industrial interests in Spain, thus expanding its investment universe without losing the Iberian focus. \u201cThis gives us a little more flexibility to look for new investment ideas without losing the essence,\u201d he comments.<\/p>\n<p><strong>Will it continue to shine in 2026?<\/strong><\/p>\n<p>When asked about the current fiscal year and how the national market will behave, the manager comments that \u201ceverything seems to indicate that the good momentum of the Spanish stock market could continue in 2026,\u201d and continues to assure that, despite the substantial returns obtained in recent years, there is still a lot of potential in some companies.<\/p>\n<p>However, he expresses concern about the risks that remain present such as: geopolitical tensions, inflation, interest rates, or tariffs (among others). But he ensures that risks are inherent to asset management; the challenge is to identify them in time and try to minimize their negative impact.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This year has been extraordinary for the Spanish stock market. The Ibex 35 closed 2025 as its best year since 1993, finishing above 17,000 points. the Spanish stock market was the most profitable in Europe. Fondmapfre Bolsa Iberia had the best performance of all Mapfre AM funds in 2025.<\/p>\n","protected":false},"author":65,"featured_media":467061,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[34],"tags":[],"class_list":["post-467110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-funds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mapfre AM<\/title>\n<meta name=\"description\" content=\"This year has been extraordinary for the Spanish stock market. The Ibex 35 closed 2025 as its best year since 1993, finishing above 17,000 points. the Spanish stock market was the most profitable in Europe. Fondmapfre Bolsa Iberia had the best performance of all Mapfre AM funds in 2025.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which Mapfre AM fund performed best in 2025? \u2014 Keys to its success\" \/>\n<meta property=\"og:description\" content=\"This year has been extraordinary for the Spanish stock market. The Ibex 35 closed 2025 as its best year since 1993, finishing above 17,000 points. the Spanish stock market was the most profitable in Europe. Fondmapfre Bolsa Iberia had the best performance of all Mapfre AM funds in 2025.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Mapfre AM\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-27T15:19:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-29T14:14:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mapfream.com\/wp-content\/uploads\/Foro-736x676-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"736\" \/>\n\t<meta property=\"og:image:height\" content=\"676\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicolas Menendez Sarries\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nicolas Menendez Sarries\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/\"},\"author\":{\"name\":\"Nicolas Menendez Sarries\",\"@id\":\"https:\/\/www.mapfream.com\/en\/#\/schema\/person\/cecf8763426c685251e938f4c6727c00\"},\"headline\":\"Which Mapfre AM fund performed best in 2025? \u2014 Keys to its success\",\"datePublished\":\"2026-01-27T15:19:20+00:00\",\"dateModified\":\"2026-01-29T14:14:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/\"},\"wordCount\":2567,\"image\":{\"@id\":\"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mapfream.com\/wp-content\/uploads\/Foro-736x676-1.jpg\",\"articleSection\":[\"Funds\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/\",\"url\":\"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/\",\"name\":\"Which Mapfre AM fund performed best in 2025? \u2014 Keys to its success\",\"isPartOf\":{\"@id\":\"https:\/\/www.mapfream.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mapfream.com\/wp-content\/uploads\/Foro-736x676-1.jpg\",\"datePublished\":\"2026-01-27T15:19:20+00:00\",\"dateModified\":\"2026-01-29T14:14:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.mapfream.com\/en\/#\/schema\/person\/cecf8763426c685251e938f4c6727c00\"},\"description\":\"This year has been extraordinary for the Spanish stock market. The Ibex 35 closed 2025 as its best year since 1993, finishing above 17,000 points. the Spanish stock market was the most profitable in Europe. Fondmapfre Bolsa Iberia had the best performance of all Mapfre AM funds in 2025.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/#primaryimage\",\"url\":\"https:\/\/www.mapfream.com\/wp-content\/uploads\/Foro-736x676-1.jpg\",\"contentUrl\":\"https:\/\/www.mapfream.com\/wp-content\/uploads\/Foro-736x676-1.jpg\",\"width\":736,\"height\":676},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.mapfream.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Which Mapfre AM fund performed best in 2025? \u2014 Keys to its success\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.mapfream.com\/en\/#website\",\"url\":\"https:\/\/www.mapfream.com\/en\/\",\"name\":\"Mapfre AM\",\"description\":\"Mapfre AM Asset Management\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.mapfream.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.mapfream.com\/en\/#\/schema\/person\/cecf8763426c685251e938f4c6727c00\",\"name\":\"Nicolas Menendez Sarries\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.mapfream.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3213605565360ffe76cee2ae852d55753313ee32a9fbd266eb877cad23cce091?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3213605565360ffe76cee2ae852d55753313ee32a9fbd266eb877cad23cce091?s=96&d=mm&r=g\",\"caption\":\"Nicolas Menendez Sarries\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Mapfre AM","description":"This year has been extraordinary for the Spanish stock market. The Ibex 35 closed 2025 as its best year since 1993, finishing above 17,000 points. the Spanish stock market was the most profitable in Europe. Fondmapfre Bolsa Iberia had the best performance of all Mapfre AM funds in 2025.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/","og_locale":"en_US","og_type":"article","og_title":"Which Mapfre AM fund performed best in 2025? \u2014 Keys to its success","og_description":"This year has been extraordinary for the Spanish stock market. The Ibex 35 closed 2025 as its best year since 1993, finishing above 17,000 points. the Spanish stock market was the most profitable in Europe. Fondmapfre Bolsa Iberia had the best performance of all Mapfre AM funds in 2025.","og_url":"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/","og_site_name":"Mapfre AM","article_published_time":"2026-01-27T15:19:20+00:00","article_modified_time":"2026-01-29T14:14:01+00:00","og_image":[{"width":736,"height":676,"url":"https:\/\/www.mapfream.com\/wp-content\/uploads\/Foro-736x676-1.jpg","type":"image\/jpeg"}],"author":"Nicolas Menendez Sarries","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Nicolas Menendez Sarries","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/#article","isPartOf":{"@id":"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/"},"author":{"name":"Nicolas Menendez Sarries","@id":"https:\/\/www.mapfream.com\/en\/#\/schema\/person\/cecf8763426c685251e938f4c6727c00"},"headline":"Which Mapfre AM fund performed best in 2025? \u2014 Keys to its success","datePublished":"2026-01-27T15:19:20+00:00","dateModified":"2026-01-29T14:14:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/"},"wordCount":2567,"image":{"@id":"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.mapfream.com\/wp-content\/uploads\/Foro-736x676-1.jpg","articleSection":["Funds"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/","url":"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/","name":"Which Mapfre AM fund performed best in 2025? \u2014 Keys to its success","isPartOf":{"@id":"https:\/\/www.mapfream.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/#primaryimage"},"image":{"@id":"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.mapfream.com\/wp-content\/uploads\/Foro-736x676-1.jpg","datePublished":"2026-01-27T15:19:20+00:00","dateModified":"2026-01-29T14:14:01+00:00","author":{"@id":"https:\/\/www.mapfream.com\/en\/#\/schema\/person\/cecf8763426c685251e938f4c6727c00"},"description":"This year has been extraordinary for the Spanish stock market. The Ibex 35 closed 2025 as its best year since 1993, finishing above 17,000 points. the Spanish stock market was the most profitable in Europe. Fondmapfre Bolsa Iberia had the best performance of all Mapfre AM funds in 2025.","breadcrumb":{"@id":"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/#primaryimage","url":"https:\/\/www.mapfream.com\/wp-content\/uploads\/Foro-736x676-1.jpg","contentUrl":"https:\/\/www.mapfream.com\/wp-content\/uploads\/Foro-736x676-1.jpg","width":736,"height":676},{"@type":"BreadcrumbList","@id":"https:\/\/www.mapfream.com\/en\/mejor-fondo-mapfream-2025-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.mapfream.com\/en\/"},{"@type":"ListItem","position":2,"name":"Which Mapfre AM fund performed best in 2025? \u2014 Keys to its success"}]},{"@type":"WebSite","@id":"https:\/\/www.mapfream.com\/en\/#website","url":"https:\/\/www.mapfream.com\/en\/","name":"Mapfre AM","description":"Mapfre AM Asset Management","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.mapfream.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.mapfream.com\/en\/#\/schema\/person\/cecf8763426c685251e938f4c6727c00","name":"Nicolas Menendez Sarries","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.mapfream.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3213605565360ffe76cee2ae852d55753313ee32a9fbd266eb877cad23cce091?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3213605565360ffe76cee2ae852d55753313ee32a9fbd266eb877cad23cce091?s=96&d=mm&r=g","caption":"Nicolas Menendez Sarries"}}]}},"_links":{"self":[{"href":"https:\/\/www.mapfream.com\/en\/wp-json\/wp\/v2\/posts\/467110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mapfream.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mapfream.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mapfream.com\/en\/wp-json\/wp\/v2\/users\/65"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mapfream.com\/en\/wp-json\/wp\/v2\/comments?post=467110"}],"version-history":[{"count":7,"href":"https:\/\/www.mapfream.com\/en\/wp-json\/wp\/v2\/posts\/467110\/revisions"}],"predecessor-version":[{"id":467120,"href":"https:\/\/www.mapfream.com\/en\/wp-json\/wp\/v2\/posts\/467110\/revisions\/467120"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mapfream.com\/en\/wp-json\/wp\/v2\/media\/467061"}],"wp:attachment":[{"href":"https:\/\/www.mapfream.com\/en\/wp-json\/wp\/v2\/media?parent=467110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mapfream.com\/en\/wp-json\/wp\/v2\/categories?post=467110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mapfream.com\/en\/wp-json\/wp\/v2\/tags?post=467110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}