Among the thirty most active funds on the Spanish stock market, only one is negative for the year. It is about SIH FCP Equity Spain Aled by Gonzalo Lardiés at Andbank, who loses around 4% per yearwhat makes it in the red lantern of the League of elEconomista.esalthough it has fulfilled this role practically since the beginning of 2024. Although it has among its main positions Iberdrola, Telefónica, Endesa, Metrovacesa, Redeia and Indra, which are among the most bullish on the ibex, the fund has not unable to outperform the index, in addition to the fact that exposure to Solaria also penalized it, according to the latest portfolio data available on Morningstar.
It turns out that with the acquisition of Gesconsult by Andbank, the Gesconsult Variable Income Iberia A becomes a more direct competitor of Lardiés, exceeding it by eleven percentage points with a profitability of almost 7%.
Other funds which, although stay on positive groundoffer very poor returns Azvalor Iberia, Sabadell Spain Bolsa Futuro Base, Horos Value Iberia either Metavaluerwith revaluations lower than 5%, lower than the 16.93% available to the selective, a percentage that only two funds exceed, for the moment: Okavango Deltadirected by José Ramón Iturriaga, and Loyalty Iberiacontrolled by Karoline Rosenberg, with returns above 19% for the year.
The Horos fund is not the only one value that this exercise is late, even if In five years, it reached an annualized rate of 7.51%the third best data of the group of the most active on the Spanish stock market. Azvalor Iberia is also at the bottom of the ranking, with 4.8%, although last year it was among the five best in terms of profitability, with a revaluation of almost 24%.
They are better located Bestinver Stock Exchange either Rent 4 Spanish Exchangeswhich gain 8.65% and 8.12% respectively, below the Mutuafondo Spain Amanaged by the Ángel Fresnillo team, which provides 8.78% over the year and is the second best long-term fund, with 6.19% annualized over ten years, behind the Santander Small Capsdirected by Lola Solana.
But without a doubt, who is having the best run this year among the value is Cobas Iberia, led by Francisco García Paramés, who with a performance of 14%, places himself in sixth position in the League.
