It hasn’t been an easy summer. Volatility has marked the roadmap for global stock markets, with the results of the world’s leading technology companies and the word recession fueling stock market uncertainty over the three months. And despite the market fluctuations, Tressis Eco30 Walletthe investment fund advised by elEconomista.es (the first to be advised by a media in Spain) continues to realize its initial objective of generating an annualized return of 7% and, in fact, it even exceeds that goal.
August started on the wrong foot. In the first week of the month alone, on Wall Street, the Nasdaq 100 and the S&P 500 recorded respective declines of 8% and 6%, and also dragged down the rest of Europe (even if they eventually managed to recover and the monthly balance was positive on the major world stock exchanges). In the middle of earnings season, investors were worried that the artificial intelligence fever had gone too far and had generated a new technology bubble. All this, while they were reading the various macroeconomic data with the word recession lurking again and waiting for the new rate cuts that they expect from the major central banks in September.
In this difficult context, the fund orange It has achieved an annualized return of 7.74% since its approval by the National Securities Market Commission (CNMV) in September 2018, exceeding its own objective. The objective from the birth of this product was clear: to achieve a revaluation of at least 7% each year so that the participant can double his investment each decade thanks to the effect of compound interest. In fact, Tressis Eco30 Wallet It even beats the average annualized performance of the rest of the vehicles in its category over the same period.7.2%. The fund is classified as a large-cap value equity fund, which is where Morningstar lists it.
For the moment, the increase that Tressis Eco30 Wallet In the current year it is close to 6% and, even with it and with the profits of 2023 (period in which the fund achieved a profitability of 18%), the portfolio still defends a profitability forecast of 9%if we take into account the profit multiplier expected for 2025 of the 30 companies in which it invests. An expectation higher than that expected for the same date for the European Stock Exchange, of 7.5%, or for the American Stock Exchange, which is at 5%.
For the moment, this year, the main drivers of the portfolio are the Japanese Hitachi, again the Italian entity Unicredit (already in 2023 it was one of the most optimistic companies in the fund) and, practically equal in terms of profitability, Encompass Health and Golar. If we take into account the price target that analysts set for each of its thirty members, The fund currently has an average potential of 35%, with an average dividend yield of 3.8% in 2025.. Currently, Ayvens’ (ex-ALD) payout for next year exceeds 10% yield, with an uptrend in the stock market estimated by analysts at 59%. Stellantis’ dividend is also close to double digits by 2025.
After the June review, in December, the Orange Portfolio will be revised again and companies whose business has already reached a level of maturity will be removed from the selection, choosing instead other companies with growth stories. Companies that are part of the portfolio Tressis Eco30 Wallet They are purchased at attractive growth ratios and at earnings and valuation multiples well below the market average.
How to invest
The minimum participation to be able to invest is 100 euros in the class intended for individuals (class R), with a management fee of 1.35%. It also applies a success fee of 9% on positive results.
By 2024, the number of platforms on which Tressis Eco30 Wallet is available. Since last May, it can also be purchased through Creand, the brand under which Crédit Andorrá, the Principality’s leading bank in terms of business volume, operates worldwide. In addition to Creand, this fund is also available on the Tressis, MyInvestor, Andbank, Mapfre, Openbank, Mutua, EBN and Renta 4 platforms.
