MAPFRE AM's top five funds so far this year

In the dynamic world of investment, which has been particularly volatile this year, there is a need for benchmarks to guide investors. In this 2024, global markets have been marked by a number of challenges, including persistent inflation, interest rate fluctuations, the threat of recession in the U.S. economy and geopolitical tensions.
Against this backdrop, it may be helpful to identify investment funds with good results and review their portfolios and strategies: since January there have been several MAPFRE AM funds with interesting returns. As always, it should be noted that past profits are no guarantee of future performance, and that risk is always a factor to bear in mind.

Despite the headwinds, the MAPFRE Group's fund manager has managed to weather the ups and downs with several of its funds. The leading investment vehicles in terms of performance this year have been those that have combined well-defined strategies and precise asset selection. Global diversification, the focus on strategic sectors and exposure to key markets have been key factors in its performance this year.

These are the five best-performing funds in the MAPFRE AM range so far this year:

1. Fondmapfre Global FI (ES0138445038)

The Fondmapfre Global FI was the best performing fund in 2024, achieving a cumulative return of 10.94% so far this year. This fund of funds, which falls into the large-cap global equity category, has benefited from the recovery of international markets after a 2023 marked by economic uncertainty.

Its globally diversified approach has enabled it to capitalize on opportunities in diverse regions and sectors, and thus minimize the impact of local fluctuations. In addition, it has been boosted by its exposure to large tech companies.

This fund, which has the most assets in the entire catalog of the management company, achieves 12-month returns of about 16%, while at five years, annualized gains are nearly 8.5%.

Fondmapfre Global: 5 largest portfolio positions

* Data at 31/07/2024

2. Mapfre AM US Forgotten Value (LU2020674334)

The Mapfre AM US Forgotten Value, with a year-to-date return of 8.10%, remains a solid option for investors interested in U.S. equities but with a focus on company value.
Classified within US flexible equities, this fund has taken advantage of opportunities with strategic exposure to sectors such as technology and consumer, which have experienced significant growth on the back of the rise of new disruptive technologies.

Managed by MAPFRE AM with advice from Boyar Value Group, a New York-based firm specializing in value investing, it rallied just over 13% over 12 months and nearly half a point over 3 years.

Mapfre AM US Forgotten Value: 5 largest portfolio positions

* Data at 31/07/2024

3. Mapfre AM Good Governance (LU1509934318)

This global equity fund focused on investments that promote good corporate governance has gained 7.65% since January. Launched in 2017 and with assets of more than 135.6 million euros, it combines corporate social responsibility principles and performance.

The focus on companies with transparent, ethical and efficient decision-making practices has enabled the fund to reduce risks associated with poor business practices, while benefiting from the long-term stability and growth that these companies tend to offer. The United States accounts for 38% of the asset allocation, while the eurozone has a weight of 20.9% and the United Kingdom 19.2%.

The 12-month return of the Mapfre AM Good Governance is 14.29%, while the five-year annualized return is nearly 12%.

Mapfre AM Good Governance: 5 largest portfolio positions

* Data at 31/07/2024

4. Fondmapfre Bolsa América FI (ES0138658036)

Fondmapfre Bolsa América has recorded a return of 7.23% so far this year thanks to its commitment to the U.S. market, which places this fund in the ranking of the best performers in the year within the fund manager's range.

With €260 million in assets, it also follows the value philosophy and focuses on large-cap companies that have shown solid performance, especially in sectors such as technology (21.9% exposure as of July 31), financial services (17.8%) and healthcare (15.8%).

The 12-month yield stands at 13.63% and, in the longer term, a five-year annualized return of 13.6% is recorded.

Fondmapfre Bolsa América: 5 largest portfolio positions

* Data at 31/07/2024

5. Mapfre AM - Behavioral Fund (LU1860585006)

The Behavioral Fund is a product that invests mainly in equities of European companies, but with the peculiarity that it chooses them through a particular methodology based on behavioral economics and designed to exploit the inefficiencies caused by the behavior of investors in the market.

Launched in 2019, this Mapfre AM investment vehicle likes soccer (the company with the largest weight in its portfolio as of July 31 is Borussia Dortmund) and has made gains of 6.13% so far in 2024. Over the longer term, the fund has an average annual return of 5.18% over the past five years.

Mapfre AM - Behavioral Fund: 5 largest portfolio positions

* Data at 31/07/2024