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Banca March launches a pension plan to complement and reinforce its Next Generation strategy, which invests in future megatrends

09 September 2021 Category: Products

Banca March has today announced the launch of March Next Generation P.P., a pension plan which offers daily liquidity and is aimed at investors with a medium to long-term retirement horizon. 

  • March Next Generation P.P., which offers daily liquidity, is aimed at people with a medium to long-term retirement horizon who are seeking strong returns and are prepared to accept the risk of investing in growth sectors, as equity investments account for at least 75% of total exposure.
  • The new pension plan complements Banca March's Life Cycle range, which includes March Generación X PP, a pension plan designed specifically for Generation X (born between 1970 and 1980), and March Babyboomer PP, designed to meet the long-term saving needs of people born in the 1960s.
  • March Next Generation P.P. also reinforces the bank's current range of Next Generation products, available in various formats: Discretionary Portfolio Management (DPM), the fund of funds March Next Generation F.I. and the individual systematic savings plan PIAS Next Generation Unit Linked. The Next Generation investment strategy was launched in 2019 in DPM format, and is based on three global megatrends which are shaping the future of the economy and society: Industry 4.0, Sustainability and the Environment, and Demographics and Lifestyle. The strategy returned 30.11% in 2020 and has generated gains since inception of over 100%.

Banca March has today announced the launch of March Next Generation P.P., a pension plan which offers daily liquidity and is aimed at investors with a medium to long-term retirement horizon who are seeking strong returns and are prepared to accept the risk of investing in sectors with high growth potential.

This newly-launched product perfectly complements Banca March's Life Cycle range, which includes March Generation X PP, a pension plan designed for Generation X (born between 1970 and 1980) and March Babyboomer PP, designed to meet the long-term saving needs of people born in the 1960s. Under the Life Cycle investment strategy, portfolio distribution is tailored to the investment profile of unit holders as they approach retirement, with a progressive decrease in volatility and exposure to higher risk assets, such as equities, and an increase in the weighting of more conservative assets, such as fixed income.

The newly-launched plan also reinforces the Next Generation investment strategy, which comprises Discretionary Portfolio Management (DPM) services, the fund of funds March Next Generation F.I. and an individual systematic savings plan, PIAS Next Generation Unit Linked. Inspired by global megatrends, Next Generation was launched in 2019 in DPM format and invests in a portfolio of funds with a medium to long term outlook, pinpointing three trends which are transforming society and the economy: Industry 4.0, Sustainability and the Environment, and Demographics and Lifestyle. The strategy aims to harness the changes taking place in the world to generate returns and identify winning investments. The strategy returned 30.11% in 2020 and has generated gains since inception of over 100%.

Carlos Navarro, Associate Deputy Director of Banca March and Head of the Insurance Area, said: “At Banca March, we always seek to adapt our range of products and services by offering strategies that align closely with the paradigm shifts taking place in the world." “March Next Generation P.P. is the latest development in the Next Generation line of products and services and will reinforce the strategy as a whole, which has enjoyed outstanding inflows and excellent returns since its launch two years ago. It is also the perfect complement to our Life Cycle range of pension plans, and supports our commitment to accompanying our customers throughout their lives, offering them the best proposals for their profile, generating compelling returns and, above all, protecting their savings”.

Investing in tech, industry and healthcare

March Next Generation P.P. invests at least 75% of total exposure in equities and offers daily liquidity. The pension plan is managed by March Gestión de Pensiones, and although the portfolio composition is flexible, it is shaped by certain core biases: geographically, it is weighted towards the US, Europe and Asia, exposure to financial services and major energy names is kept low, and it is overweight technology, industrials and healthcare.

It also has higher exposure to small and mid-caps than the benchmark, investing in companies in the startup phase, especially in the tech sector, and as a global mandate, it offers significant exposure to the US dollar.

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