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FINANCE | 11.29.2016

MAPFRE launches pension plan managed by Carmignac

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  • MAPFRE’s asset management division complements its pension fund offering with a product managed by the specialist French House.
  • MAPFRE Jubilación Activa will be marketed through MAPFRE’s own network and financial platforms such as Inversis.
MAPFRE lanza un plan de pensiones gestionado por CarmignacMAPFRE, specialist in long-term savings solutions, with 58,822 million euros in managed assets, today launches a new pension plan, MAPFRE Jubilación Activa, which will be managed by the prestigious French fund manager Carmignac, a specialist in active management and one of the most reputable asset managers in Europe.

It is the first time a Spanish pension fund manager has been associated with an independent and internationally renowned fund manager, to launch a long-term savings product.

Another new feature is the open distribution approach for its marketing, as the new pension plan will not only be available to clients through the MAPFRE Sales network but also through financial platforms such as Inversis.

The new pension plan will be managed by the team of Carmignac, recognized for its active, flexible, global and long-term asset management approach, which for 27 years has been successfully managing assets with a focus on risk management.

Eric Helderlé, Co-founder of Carmignac explained that “at a time like now, when saving for retirement is one of the challenges we face, we are committed to the Spanish market, and so we will start working alongside MAPFRE to offer Spanish investors this innovative and flexible savings alternative that can help them successfully meet their retirement objectives.”

On behalf of MAPFRE, José Luis Jiménez, corporate general manager of Investment, commented that “long term saving is one of our main concerns, as it will undoubtedly determine our clients’ quality of life in the future. That’s why, with the commitment to add value to our clients, we have selected Carmignac, because their investment philosophy and management style, which we’re convinced it complements our model and helps us differentiate our service offering”.

MAPFRE Jubilación Activa complements the existing range of funds managed by MAPFRE AM, which currently has 5,036 million euros of assets under management in mutual and pension funds, with 131,800 clients in mutual funds and 177,700 customers in pension funds.
MAPFRE is a global insurance company with a presence across five continents. The benchmark insurer in the Spanish insurance market, it is also the leading multinational insurance group in Latin America and one of the top 10 insurance groups in Europe in terms of premium volume. MAPFRE employs more than 38,000 professionals and services approximately 34 million clients worldwide. In 2015, its revenues exceeded 26.7 billion euros and its net profit amounted to 709 million euros.

MAPFRE has an investment team of more than 150 professionals who manage assets in 26 countries around the world. Its main áreas of expertise are sovereign and corporate fixed income with an investment grade, and global equities with a value approach.

Carmignac is an asset management company founded in 1989 by Edouard Carmignac and Eric Helderlé, and is now one of Europe’s leading asset managers. Its capital is held entirely by managers and staff. In this way, the company’s long-term viability is ensured via a stable shareholding structure, reflecting its spirit of independence. This structure ensures the freedom required for successful long-term portfolio management.

With over EUR 53,5 billion of assets under management (30/09/2016), Carmignac has developed a compact range of funds covering all asset classes (equities, bonds and balanced) with the objective of providing investors with consistent returns and low volatility. The funds are actively marketed in 13 countries: France, Luxembourg, Switzerland, Belgium, Italy, Germany, Spain, the Netherlands, Austria, Sweden, the United Kingdom, Ireland & Taiwan. As part of its international development, Carmignac has locations in Luxembourg, Frankfurt, Milan, Madrid, London and Miami. In addition, all of its funds are registered in Singapore for professional investors.