Large listed companies have taken a clear lead on the stock market this year over small and medium-sized companies. This difference is very evident in the case of the Spanish public prosecutor’s office. It Ibex 35 It became the most bullish index in Europe, with a rise of around 17%, while the Ibex Small Cap and the Medium Cap only gained 4% and 7.7% respectively.
This leads to many investment funds that are not correlated to the index, which rely on companies that are not part of the index. 35 clubsare falling behind. Only four have beaten it and 12 of the thirty most active funds on the Spanish stock market have made gains of more than 10% since January.according to the latest data available to all in Morningstar, corresponding to September 17 – to date, the Ibex 35 has increased much more, 15.85%.
Moreover, only one, Okavango Deltamanages to surpass the Ibex 35 at this stage if dividends are included. Abante’s vehicle continues to lead Spanish Active Management League who elaborates elEconomista.eswith a profitability that reaches 20.9%. Its secret is none other than continuing to trust Spanish banks, which represent 40% of its portfolio. The shares of Banco Sabadell, CaixaBank, Bankinter and Unicaja are among the five most optimistic stocks on the Ibex this year, with increases ranging from 32% for the second to 75% for the first.
For his part, Loyalty Iberia It defends second place, with 19.6%, although at certain times of the year it has been the leader. The one who now rises to third position is SWM Spain Active Managementfrom Singulier AM. This product has been climbing in positions in recent weeks; Just three months ago, I was short of top 10 of the ranking. In your case, exposure to large values like Iberdrola, Inditex or Santander and BBVA is useful. This week advances Solventis Aura Iberian Actions R And Magallanes Iberian Actions Mwho follow it in the ranking. And in the ranking, there is only one fund that records losses: Sigma Inv. House FCP Equity Spain A.
Small businesses should, at some point, become aware of a lower interest rate environment from which they should benefit. Currently, some specialist funds are beating the Ibex Small and Medium. This is the case with Caixabank Small & Mid Caps Esp Standard, Santander Small Caps Spain A either Mediolanum Small & Mid Caps Spain S (see graph).
