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Mapfre AM merges two fixed income funds with the intention of opening their commercialization

It joins the Mapfre AM sicav, which exceeds 1,000 million, to promote the sale to the institutional investor


Mapfre AM, the manager of Mapfre, has decided to unite two global fixed income funds with the intention of opening its commercialization to private and institutional investors, and to incorporate it into the investment company (sicav) of the group domiciled in Luxembourg, which has exceeded the 1,000 million euros.

The ‘Mapfre AM Global Bond Fund’, a global fixed income fund, and the ‘Capital Investment Spain International Fund’ merge, managed by Amundi exclusively for Mapfre companies since 1993. They will keep the name of the former and will now have an equity of almost 180 million euros.

This fund seeks investment opportunities in the different international bond markets, both sovereign and corporate, and in both developed and emerging countries. It has achieved an annual net return of 6.68% since its inception and has outperformed its benchmark by more than one percentage point.

The evolution of the different currencies and the different duration bands play an important role in the allocation of assets. The fund always maintains the investment grade on the credit rating of the assets in which it invests.

“We believe that the fund will be well received, not only among private investors, but also institutional investors, as it has a track record of more than 27 years and an accumulated profitability of more than 156% since its creation”, says the CEO of Mapfre AM, Álvaro Anguita.

The insurance group’s manager opened this sicav in 2017 and currently has six investment funds, with a clear commitment to investing with social, environmental and governance criteria (ESG, for its acronym in English).

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