Among the ten Spanish equity funds that have accumulated the most profitability at this time of year thanks to active management are two products from major banks: BBVA Scholarship And Caixabank Small & Mid Caps Esp StandardThe first of them climbs this week to seventh place and the second to tenth.
The BBVA fund has made some changes for the second half of the year. It has sold “some portfolio positions such as Aperam, BBVA, Galp, Laboratorios Rovi, Talgo, Telefónica, Applus, Greenvolt, Grifols and Nos SGPS”, to increase the weight in Iberdrola, Cellnex, Amadeus, Banco Santander, Endesa, Colonial or Vidrala. This is reflected in its latest half-yearly report.
The fund adds a yield of 10.3%with Morningstar data as of September 10 (the latest date available for comparable data). Only six other vehicles have made double-digit gains since January in The Spanish Active Management League that this newspaper produces. Okavango Delta continues to dominate – this week it stands out, with 18.42% per year, thanks to the new surge of Spanish banks.
CaixaBank’s product regains a place in the top ten with 8.66%, while it is now outside of these first ten positions Cobas Iberiawhich until the previous week was in seventh position; In this update, it falls to twelfth. In addition, Metavalor, Sigma Inv. House FCP Equity Spain A, Horos Value Iberia And Azvalor Iberia They still have losses for the year.
