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March Pensiones 50/50, P.P.

Least risk
Potentially lower return
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
Most risk
Potentially higher return

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

Savers who want to invest cautiously for retirement, maintaining an exposure to equities of around 50%.

What is it?

It is a mixed pension fund combining fixed income and equity investments. The neutral amount of global equities investments will be 50%. However, managers may decide to increase this number to 75%.

There is active management in both equities and bonds. In equities, we implement our investment ideas on a global basis, selecting companies we believe in and have researched: stable, un-leveraged businesses with high dividend yields, good margin management and a top-quality management team.

Our strategy on the fixed income side is focused on finding the best investment opportunities in the fixed income universe: Sovereign Debt, corporate, money market instruments with limited currency risk (only 5% may be in another, non-euro currency). A position is taken in assets that show the best revaluation potential, while trying to reduce the interest-rate risk assumed, maintaining a duration of 2-4 years.

Why invest?

Saving for our retirement while assuming some risk, as we take advantage of the opportunities that equities give us to achieve an interesting return over the long term. For people with a moderate profile who want to supplement their state pension.

In this pension fund, we combine two of the successful strategies that March AM manages individually—global equities and fixed-income securities in EUR—with excellent results. It was ranked fifth in its category in 2017, according to the Expansión newspaper.

Return/Risk

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Last net asset value: a fecha

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1 month 3 months 6 months 1 year 3 years

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Key figures

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Managed by

Mario ObertiMario Oberti

Head of Fixed Income

Mario joined March A.M. in November 2021 as Head of the Fixed Income management team. He has extensive experience in the fixed income financial markets. He was Head of Fixed Income and Guaranteed Investments at Sabadell A.M. (Amundi Group) and started his career in 2001 as fixed income manager at Allianz Group, based in Milan.

Mario holds a degree in Political Economy and a Master in Economics from Bocconi University in Milan, a CFA and an MBA from the Universidad Europea de Madrid.

Raúl de la TorreRaúl de la Torre

Fixed Income Manager

Raúl joined March A.M. in August 2021 in the Fixed Income Management team, having worked at Banca March since 2015 in the Global and Market Risk Control team, where he was mainly involved in forecasting and valuation models for financial products. He then moved to the bank's Capital Markets department to manage and advise clients on alternative funding strategies through credit markets and product structuring.

Raúl holds a degree in Aeronautical Engineering from the Universidad Politécnica de Madrid and a Master's degree in Quantitative Finance from the AFI School of Finance. He pursued additional training with a Master's degree in Systems and Quantitative Models of Algorithmic Trading from the Universidad Politécnica de Madrid.

Blas RamírezBlas Ramírez

Fixed Income Analyst

Blas joins March A.M.'s management team in December 2022, having been with March A.M. since July 2019 in the Risk Control and Compliance department, working with risk models and implementation of tools to facilitate risk control. He started his professional career in 2018 in the quantitative finance department at AFI as a quantitative consultant.

Blas holds a degree in Mathematics from the University of Cadiz, a Master in Quantitative Finance from AFI Escuela de Finanzas and a Master in Artificial Intelligence applied to financial markets from Instituto BME. He complements his training with a certificate in artificial intelligence accredited by Google.

Francisco Javier Pérez Fernández

Head of Global Equities

Javier started his professional career in the sales division at Crédit Lyonnais. He later joined Banco Banif, where he was head of international equities, until he joined March A.M. in 2000 as global equities manager.

He has been named as one of the best global equities managers by Inversión magazine and rated AA by Citywire.

Javier holds a degree in Economics from the Universidad Complutense de Madrid and is certified by the Instituto Español de Analistas Financieros (Certified European Financial Analyst). He also holds a diploma in Value Investing and Search for Value from the Ivey Business School in Toronto, Canada. Plus, he is certified in ESG investing by CFA.

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