The League of Active Management of the Spanish Stock Exchange elEconomista.es became a dispute between five funds: Okavango Delta A, Fidelity Iberia, Magallanes Iberian Equity M, Solventis Aura Iberian Equity R and SWM España Gestión Activa A, which achieve a double-digit performance during the year, although only the The first three manage to overcome the 14.83% revaluation of the ibex during the year.
But there are other vehicles in this category, not correlated with the index, which are also among the top ten, and among them BBVA Bolsa is the one that has progressed the most in the ranking, up to sixth place, with a profitability of 9.53%.
Mikel Navarro, Head of European Equities at BBVA AM, highlights the performance of Inditex, which has become the most important company in the Ibex 35 with an increase of more than 35% over the year, and the commitment to “ solid companies with a lesser presence” in the selective sector such as Miquel y Costas, Logista, Catalana Occidente and Acerinox. At the same time, we maintain significant positions in large values of the index such as BBVA, Santander and Iberdrola”, in a portfolio where. Financial companies hold almost a third of the assets, or around 85 million euros, according to latest portfolio data from Morningstar.
Among the recent changes, Navarro highlights the reduction in the weight of the energy company Galp after its good performance in the entry of Airbus into the portfolio “after the recent weakness in value due to persistent problems in the supply chain “We believe that these problems are specific and do not affect the future growth of the company, which enjoys high visibility,” he emphasizes.
The BBVA manager has another fund in La Liga elEconomista.esBBVA Bolsa Plus, which could favor medium-sized and small companies more, is further down the ranking, in fourteenth position, with a profitability of 7.38%.
Iturriaga attacks again
Okavango Delta regained the lead, with 18%, once again surpassing its closest rival, Fidelity Iberia managed by Karoline Rosenberg, which remains below with 16.76%. Revaluations that make them the best funds in the Spanish League, closely followed by Magallanes Iberian Equity, managed by Iván Martín, with a return of 15.59% for the year.
