March AM

Bellver Lux

Least risk

Potentially lower return

Most risk

Potentially higher return

Category "1" does not mean that the investment is risk-free

Asset preservation and value creation within a risk-controlled environment: the moderate investment option within the March Group’s Luxembourg SICAVs.

What is it?
Why invest?
Return/Risk
Key figures
Managed by
Documents

What is it?

Focused on a moderate risk profile in their investments and in return achieving a higher return over the medium and long term.

Mixed global strategy, where normally 50% of the portfolio seeks to beat the world's main stock markets with lower volatility, and the other 50% seeks returns that remain above the Euribor.

Investment in fixed income is in assets owned by public and private issuers with a high level of solvency and an average duration of 1 year.

Investment in equities targets domestic, European and US firms with strong fundamentals and appealing dividend yields. It also targets investment in emerging markets via companies or funds that specialise in the region in question.

Currency exposure will be largely hedged to avoid adding volatility to the fund, although this is at the discretion of the managers.

Why invest?

Preserving assets and creating value within an environment of moderate risk, obtaining greater returns in the medium and long term. The investment policy is governed by the following criteria:

Investment in fixed income in assets owned by public and private issuers with a high level of solvency, and an average duration of 1 year. In terms of the investment in equities, this involved both European and US firms with solid foundations and attractive returns per dividend. Investment in equities targets domestic, European and US firms with strong fundamentals and appealing dividend yields.
Dynamic approach in the allocation of assets, adjusting the exposure to equities based on the market environment.

Mixed global strategy, where 50% of the portfolio seeks to beat the world's main stock markets with lower volatility, and the other 50% seeks returns that remain above the Euribor.
No benchmark index is followed when determining the weight of companies, sectors or countries.

Escenarios de rentabilidad		Periodo 1 (1 año)	Periodo 2 (MID)	Periodo 3 (RHP)

Mínimo	Importe (EUR)
Mínimo	Rent. anual media (%)
Tensión	Importe (EUR)
Tensión	Rent. anual media (%)
Desfavorable	Importe (EUR)
Desfavorable	Rent. anual media (%)
Moderado	Importe (EUR)
Moderado	Rent. anual media (%)
Favorable	Importe (EUR)
Favorable	Rent. anual media (%)

Return during the selected period:

Last net asset value: a fecha

RETURN *

		1 month	3 months	6 months	1 year	3 years

RISK *

	Volatility

* Data at date:

Key figures

Launch date:
Management fee:
Assets (€):
Manager:
Identifier code:
Liquidity:
Article SFDR: 6
Manager:
Depositary:

Managed by

Jose Luis Palma Laorden

Head of Institutional SICAVs

He holds a degree in Business Administration from CUNEF, a Masters in Financial Markets from IEB and a CFA certification, including a certificate in ESG investing.

José Luis joined March AM in September 2020 with almost 20 years of professional experience, 15 of which in financial markets.

Over the past 9 years, he formed part of the management team at Belgravia Capital, between 2011 and 2015 as a buy-side analyst at RV Europea, and from 2015 to 2020 as co-manager of collective investment schemes.

Between 2008 and 2011, he was a sell-side analyst for financial institutions at Caja Madrid Bolsa. Previously (2006-2008), he worked at the markets department at BBVA Switzerland.

He started his career as an auditor at KPMG.

Carlos Ruiz de Antequera

Chief Investment Officer

Carlos Ruiz de Antequera joined March A.M. as CIO in March 2021. He has more than 25 years experience in the asset management and private banking industry, having spent the past two decades at Santander A.M. and Santander Private Banking International (Spain and Miami), where he worked in different fund management, financial advice and discretionary management roles, before serving as CIO of International Private Banking at Banco Santander.

Also boasting previous experience at Banesto and BBVA A.M., Carlos has a wealth of experience, mainly assisting customers with a high net worth and the management of equity solutions (globally and specialising in the technology sector, Europe, Japan and the USA), fixed income (specialising in LatAm credit) and Hedge Funds.

Holder of a degree in Management and Finance and an MBA in Business Administration from the University of St. Louis, he also has a master's degree in Quantitative Finance from the AFI School of Finance and is a certified Chartered Financial Analyst, including the ESG investing certificate.

March International.