Few funds can boast of beating the Ibex this year. Indeed, among the thirty who make up the League and who actively manage elEconomista.eswhich are the most decorrelated from the index of the entire category, only five exceed the trajectory of 14.34% of the main selective in 2024, which is, with the Dax, one of the most bullish in Europe.
But if we consider the Ibex with dividends, the list of the most active and profitable funds is reduced to just one proper name: Fidelity Iberia, which gains 20.21%, or 87 basis points more than l Spanish stock index which includes recurring payments. to the shareholder.
The international manager’s fund is thus crowned twice, by leading the League and providing better profitability data than the Ibex Total Return. It should be remembered that the Spanish stock market is one of the most generous in terms of shareholder remuneration, so it is commendable that an investment fund exceeds the performance of this index.
Fidelity Iberia, managed by Karoline Rosenberg, remained the only product of an international manager focused on Spanish and Portuguese companies, since in recent years the rest of foreign investment companies have closed their investment vehicles of this type, often managed by. local subsidiaries.
Very close to the Fidelity vehicle is Okavango Delta, managed by José Ramón Iturriaga in Abante, which gains 19.31% over the year, and challenges the management of the Rosenberg fund, which with 196 million euros is the third product in terms of volume of assets in the League. They are followed hand in hand by Solventis Aura Iberian Equity and Magallanes Iberian Equity, with respective returns of 16.32% and 16.06%. In fifth position is SWM España Gestión Activa A, led by veteran manager Luciano Díez Canedo at Singular AM.
Among the most active funds on the Spanish stock market, 16 vehicles do not exceed double-digit profitability over the year, including Bestinver Bolsa, which gains 8.4%, Gesconsult Renta Variable Iberia (5.43%), Azvalor Iberia 4.14%), Metavalor (1.26%), Horos Value Iberia (0.28%) and SIH FCP Equity Spain A, managed by Gonzalo Lardiés at Andbank, which is the only one that remains in negative territory, with a drop of 4.58% over the year.
