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MAPFRE AM becomes a leader of independent management

Feb 8, 2023

Redacción Mapfre

MAPFRE AM, MAPFRE’s asset manager, has become the largest non-banking independent firm, as highlighted by El Confidencial in an article published this week (available in Spanish). According to Inverco’s 2022 closing data, MAPFRE had managed assets worth 9.71 billion. As a management group for collective investment institutions (CII), it surpassed Mutua, which finished with 8.73 billion. The first group finished in 11th place, and the second in 17th place.

MAPFRE AM finished the fiscal year with 2.79 billion in funds—with over 267 million in net underwriting—and 1.27 billion in Luxembourg (the second largest Spanish SICAV after Santander). The largest section, in pensions, finished with 5.65 billion. This amount is distributed among 2.68 billion in its pensions fund manager, another 2.59 billion in its life insurance business with Bankinter, and 370 million in its life and pension business with CCM. However, if MAPFRE’s subsidiaries are included, the assets reach nearly 40 billion.

High volatility in stock markets: why it happens and how to act

In recent weeks, international markets have faced their most challenging period since 2020. In a situation marked by surging volatility, emotions like fear take center stage in the minds of many investors, and market movements shift from linear to exponential. Such situations, although not frequent, do tend to recur periodically, and it’s important not to get swept up in the negative atmosphere or act impulsively with a short-term mindset, as the experts at MAPFRE remind us.

The dollar's hegemony under scrutiny

The US dollar’s role as the world’s reserve currency, historically underpinned by institutional credibility, financial depth, and trade dominance, is now facing mounting structural challenges that go beyond short-term economic fluctuations.

The tariff war shakes the global economy and casts doubt on U.S. debt

The tariffs are a problem that’s marking a major shift in the economic relationships we've built and developed over the past few decades. The U.S. President is using them as a tool to bring manufacturing back home and, in turn, boost government revenue through both direct and indirect taxation. But the ends don't always justify the means, and in pursuing these goals, the U.S. is now facing slower economic growth and rising inflation.