Just as many global equity funds are performing excellently this year, thanks to the continued appeal of the technology stocks in which they invest (including several of those known as the Magnificent Seven), other investment vehicles, more stock selectors obtain less extraordinary results, even if small capitals They are managing to improve their performance on the stock market this year, as demonstrated by the nearly 12% accumulated by the MSCI index of global small-cap companies or the 6.30% of its European version, very close to 6.92%. that the Stoxx gains 50.
Thus, compared to the 27.22% gained by Bulnes Global, the fund advised by Javier Morales for the private bank of Banco Cooperativo, funds such as Santander Small Caps Europa A, Myinvestor Value B, GVC Gaesco Global Equity Value Plus A, True Value Compounders, True Value, Valentum, Cinvest Nogal Capital, GVC Gaesco Small Caps, DIP – Paradigma Value Cat Eq A EUR A And Muza They are in negative territory, with declines of 5.29% in the case of the Santander vehicle to the loss of 2.06% that has the product of the head of the family Urquijo.
But as Carlos Val-Carreres, manager of MyInvestor Value, recalled in a recent interview with the economistthis means an investment opportunity, because “Europe is full of small and medium-sized companies with global activity, leaders in their niche, with valuations that I have only seen in recessions.”
