2023-07-19 16:30:15
Ibercaja Management has managed to grow its assets under management by 16.8%, exceeding 20,900 million euros at the end of the first semester. These figures represent a record that is explained by the extraordinary dynamism in the contributions, as well as by a very positive evolution of its returns.
So far this year, the evolution of the entire range of Ibercaja funds has allowed the participants to recover the path of positive returns, after the negative behavior that characterized the financial markets in 2022. Thus, in the last 12 months the Bank’s funds as a whole accumulate an average return of 3.76%.
In this semester, the behavior of investment funds stands out positively renta variable, as reported by Ibercaja in a press release. In particular, four of these investment funds have exceeded 15% profitability: Ibercaja Tecnológico has obtained 28.48%, Ibercaja Global Brands 17.75%, Ibercaja Bolsa Internacional 16.34% and Ibercaja Japan 15, 39%
For their part, fixed-income funds also offer positive returns, among which it is worth noting the products Ibercaja Renta Fija 2027, with 3.74%, Ibercaja High Yield, with 3.37%, and Ibercaja Corporate Debt 2025, with 3.17%.
Regarding mixed and profiled funds, Ibercaja Gestión Audaz achieved 8.86% in the first six months of the year, Ibercaja Sostenible y Solidario 6.44% and Ibercaja Gestión Crecimiento 5.08%. NEW RECORD IN CONTRIBUTIONS On the contribution side, Ibercaja Gestión has once again obtained record figures, with 2,370 million euros, surpassing its best historical annual record in just one semester, which occurred in 2021.
This volume of contributions in the first semester means that Ibercaja Gestión has captured 16.9 out of every 100 euros that enter the sector in Spain, which demonstrates and reinforces the confidence of clients in the performance of the Ibercaja management company.
Thus, Ibercaja is consolidated as the fifth Spanish financial group by volume managed in investment funds, reaching a market share of 6.32%, which represents an increase of 46 basis points in the first half of 2023 compared to the end of 2022. and 60 points more than at the end of June 2022.
In this period, the excellent performance of the Bank’s non-traditional areas of operation stands out, since the volume of contributions from Madrid, the Mediterranean Arc, Andalusia and Extremadura already accounts for more than 40% of the total inflows.
The advisory work carried out by the Ibercaja branch network together with a range of products adapted to the needs of customers have been key to achieving these results for the manager, setting a new record for market share.
The financial markets have behaved positively in the first part of 2023, despite the episodes of high volatility that have been experienced in some sections of the year.
Looking ahead to the second semester, uncertainties about the behavior of the financial markets continue. The forecasts do not anticipate great growth in the economies, being, on the contrary, a slowdown of these the most probable scenario. In addition, inflation and the consequent intervention of the Central Banks will continue to mark the evolution of the environment.
This uncertainty, together with the levels reached by interest rates, encourages the taking of positions in fixed income, both public and private. Specifically, tranches of up to two years are especially interesting for savers and investors who want to obtain attractive returns with little volatility.
For this reason, Ibercaja Gestión is committed to simple and safe solutions, combining investments in public debt and private fixed income of high credit quality in the short term, which makes it possible to combine attractive financial returns with tax advantageous products, such as investment funds.
As an example of these solutions, the manager has launched seven investment funds in recent months under this philosophy. Of these funds, four of them combine Spanish, French, Italian and German public debt with maturities of around 12 months in their portfolios: Ibercaja Gestión launched this year the Ibercaja Spain-Italy in June 2024, an investment fund with daily liquidity, without redemption commissions, which at this time, after the latest market movements, offers a target return to maturity of more than 3% APR.
In addition, a new range of solutions designed specifically for companies has been very well received: the Ibercaja Corto Plazo Empresas and Corto Plazo Empresas 2 funds, with durations of 6 months each, and which currently offer a target return of 3% APR , and who already have a joint heritage of more than 250 million euros.
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