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  1. Funds - March Internacional The Family Businesses Fund

Banca March - Hacer crecer, seguir creciendoFunds - March Internacional The Family Businesses Fund

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The Family Businesses Fund

When times are tough, family businesses survive the best.

What is it?

A fund that invests in listed family-owned companies on a global scale.

After limiting the investment universe to companies that are owned and managed by families, who are planning to pass the control over to the future generations, we focus on selecting quality companies with attractive valuations, good fundamentals and features that differentiate them from their competitors (added value, distinctive traits, etc.), that is, businesses that are a good buying opportunity.

The fund does not follow any reference index: the distribution per sectors and regions depends on the securities chosen by the manager but, under no circumstances, on the index composition.

It is active management so we only invest in those companies that we truly believe will generate long-term good value.

Why invest?

The intrinsic values of family businesses (long term vision, loyalty, motivation, low debt leverage, etc) mean that they perform better during an economic crisis, a feature we seek to incorporate into our fund.

The March Group’s experience and a long and successful track record as a family business and investor in other family businesses backs this up.

Risk tables

RISK

Lower risk Higher risk

1 2 3 4 5 6 7

INVESTMENT HORIZON

Years

1 2 3 4 5 6 7

STYLE

market cap Passive Value Blend Growth
Small        
Mid        
Large        
All        

Relevant facts

INTL.
CLASS A1 CLASS P2 CLASS I1,3
ISIN LU0701410861 LU0982157355 LU0701411166
CURRENCY EUR
MANAGEMENT FEE 2.00% 1.25% 1.25%
MIN. SUSCRIPTION 1 PART. 500.000€ 100.000€
LAUNCH DATE 21-feb-2013 31-oct-2013 23-nov-2013
DOMICILE LUX
CUSTODY B. Privée Edmond de Rothschild

1 There are different classes of shares both in USD and GBP which are hedged against currency risk. Please ask March A.M. directly.
2 Class of share only registered in Spain and exclusively for high net worth investors.
3 Class of share exclusively for institutional investors.


LEGAL ADVICE

Legal Information FUNDS

Management responsibility

Antonio Lopez Silvestre
European and Spanish Variable Income Manager

Antonio began his professional career at Beta Capital SVB – Fortis Bank España covering the infrastructure and cyclical sectors and later became Head of Research and in charge of the Spanish utilities sector. Before joining March A.M., he worked for Exane BNP Paribas as Director of Spanish MidCaps and Head of the Spanish Branch. He has obtained excellent scores in the Team Ranking (5th for Spain and Portugal in 2011, 6th in 2012) and also in the Individual Rankings (2nd in 2011 and 7th in 2012) in Extel.

Antonio has an MBA from the IESE-Universidad de Navarra and an Economics and Business Graduate from the Universidad Complutense of Madrid. He has also completed various additional postgraduate courses, such as Company Valuation at the Harvard Business School and Value Investing at the Columbia Business School.

Francisco Javier Pérez Fernández
Global Global Variable Income Manager

Javier began his professional career in the commercial department of Crédit Lyonnais and later joined Banco Banif where he was responsible for Global Equity trading. He joined March A.M. in 2000 as Head of Global Equity and portfolio manager. He has been ranked as an AA portfolio manager by Citywire and as one of the best Spanish Global Equity fund managers by the investment journal Inversión.

Javier holds a degree in Economic Sciences from the Complutense University and holds a Diploma from the Spanish Institute of Financial Analysts (Certified European Financial Analyst). He also holds a diploma in "Value Investing and Search For Value" from the Ivey Business School, Toronto, Canada.

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