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Banca March - Hacer crecer, seguir creciendoInstitutional SICAVs

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Experience with collective investment instruments

The best example of the March Group's experience and historic involvement in managing collective investment instruments.

What is it?

The open-ended investment company known in Europe as a SICAV is a collective investment scheme formed by incorporating a company for the purpose of investing in financial assets.

Why us?

  • A SICAV is the investment vehicle that best reflects the March Group's experience and historic involvement in managing collective investment instruments.
  • Shareholders get on board by actively joining an investment committee.
  • The cornerstones of our model are value and experience/long-term returns, recommended investment horizon longer than one year.
  • Our management model is flexible (broad equity exposure ranges) and global (investment is not limited by geographical area, sector or financial instrument).
  • Derivatives are used occasionally as hedging instruments, but financial leverage is not used.
  • The risk level is determined by the degree of equity exposure, set with fixed medium-to-long term investment horizons.
  • The analysis variables are:
    • the global economic environment
    • interest rates
    • objective valuations of financial markets
  • Highly diversified and conservative portfolio (usually rated above BBB-)
  • Government debt and private fixed-income assets to take advantage of their higher yields.
  • Limited interest rate risk exposure: short term (0.3 to 2 years)
  • Occasional use of derivative instruments
  • Currency risks are usually eliminated.
  • Securities with solid fundamentals and sound management expertise
  • Double analysis:
    • bottom-up when selecting securities
    • top-down when selecting sectors and geographical areas
    • Continuous valuation screening
  • Diversified portfolio of 20-60 securities.
  • Seasonal consistency in investment criteria:
    • Limited portfolio turnover.
    • Medium and long-term investment horizon.
  • Securities selected on the basis of each SICAV's risk profile.
  • Currency risks are usually eliminated.

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