Dunas Valor Prudente, the most conservative fund in the absolute return range of the eponymous manager, has reached 1,000 million euros in assets, which places it in the select group of Spanish collective investment vehicles that have this level, where at least of the more than 3,200 Spanish funds available, more than a hundred have this level of assets under management.
Its successful management makes it one of the preferred funds of institutional investors such as insurance companies and fund selectors looking for defensive products. The profitability data corroborates this: reached 2.26% annualized over five years and 2.72% annualized over three years in the class intended for retail customersin a period that includes sharp market declines, such as the Covid-induced collapse in March 2020 or the sharp corrections of 2022, a year in which it ended with a slight decline of 0.03%, well below the average for its category, according to Morningstar data.
These data show that it has exceeded its objective of exceeding the evolution of the 12-month Euribor by 100 basis points in the medium termwith a target volatility of 2% over 18 months.
As the firm points out in a press release, the fund has achieved a 35% annual growth since its creation in May 2017and reached one hundred million in assets in three years, which allowed it to enter the radar of professional investors and selectors, who used the Dunas range as a liquidity cushion in an environment where zero rates did not allow obtaining similar returns on deposits or checking accounts.
And with the arrival of the rate hike, The good work of the management team has succeeded in maintaining the loyalty of institutional clientswho have a longer-term vision, which has allowed them to increase their deposits to reach the current billion, which amounts to almost 1.5 billion if we take into account the Dunas Valor Flexible and the Dunas Valor Balanced.
One of the strengths of Dunas Capital lies precisely in its management team, which acts collegially when making decisions, with Alfonso Benito as Investment Director, José María Lecube as Head of Fixed Income and Carlos Gutiérrez as Head of Variable Income. A team that has a great deal of experience since they worked together before arriving at Dunas.
