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Spanish SICAVs

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Lluc Valores SICAV, S.A.

Least risk
Potentially lower return
  • 1
  • 2
  • 3
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  • 5
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Most risk
Potentially higher return

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

Lluc is one of our most emblematic investment strategies and that which pursues the most adventurous investment strategy within the Banca March Group’s Institutional SICAVs.

What is it?

With the objective of outperforming the major global equity markets with lower risk or lower volatility, the Fund focuses on investing in equities to create value and protect assets in a risk-controlled environment. Its investment policy is determined by the following criteria:

  • Exposure to equities of around 70% under normal market conditions, although there are no limits on this percentage.
  • Currency risk is eliminated in equity investments, with the exception of one-off situations in which currency acts as natural hedging in response to movements in the market.
  • Dynamic approach in the exposure to equity, depending on the market environment in question.

Why invest?

We take advantage of equity market developments with a long-term approach. We try to manage equity exposure based on our view of the market and the opportunities that arise in the market. So if markets correct aggressively, we try to be opportunistic and take the opportunity to increase equity exposure.

Our long-term objective is to generate returns in line with the markets, but with lower volatility.

Return/Risk

Escenarios de rentabilidad

 Periodo 1 (1 año) Periodo 2 (MID) Periodo 3 (RHP)
Mínimo Importe (EUR)
Rent. anual media (%)
Tensión Importe (EUR)
Rent. anual media (%)
Desfavorable Importe (EUR)
Rent. anual media (%)
Moderado Importe (EUR)
Rent. anual media (%)
Favorable Importe (EUR)
Rent. anual media (%)

Return during the selected period:

Last net asset value: a fecha

Download net asset values

RETURN *

1 month 3 months 6 months 1 year 3 years

RISK *

Volatility

* Data at date:

Key figures

  • Launch date:
  • Management fee:
  • Assets (€):
  • Manager:
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  • Liquidity:
  • Article SFDR: 8
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  • Depositary:

Managed by

Jose Luis PalmaJose 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.

Other funds:

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