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The Family Businesses Fund

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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.

In difficult times, family-owned businesses are the best survivors.

What is it?

The Family Businesses Fund invested in family-owned listed companies from around the world.

From companies owned by a single family, who take a hands-on approach to the business and who intend on handing over control to future generations, Banca March selects high-quality companies that represent an attractive option, have strong foundations and special features that help them to stand out from their competitors. In short, family business that represent a good opportunity.

This fund does not follow any benchmark: its sectoral and regional distribution depends on the manager's selection of securities and, under no circumstances, the composition of the index.

This active management approach means that investments are only made in companies that we believe will generate wealth in the long term.

Why invest?

The intrinsic value of family-owned companies (their long-term vision, loyalty, motivation, low level of indebtedness, etc.) make them a reliable bet at times of economic crises, a feature that we aim to include in our fund. The experience of the Banca March Group, the only 100% family-owned Spanish bank, with its long and successful history, are a testament to this approach.

Managed by

ANTONIO LÓPEZ SILVESTRE
Equities Manager for Europe and Spain

Antonio started his professional career at Beta Capital SVB - Fortis Bank España, initially as a cyclical and infrastructure companies analyst before being appointed Director and Analysis and Coverage for Spanish Utilities. He has also worked at Exane BNP Paribas as Director of MidCaps for Spain and Head of the Spanish branch. He also obtained excellent positions in team analyst rankings (5th position in Spain and Portugal in 2011; 6th in 2012) and individual analyst rankings (2nd analyst in Spain in 2011, 7th in 2012) at Extel.

Antonio has an MBA from IESE – University of Navarre and a degree in Economics and Business Management from the Complutense University of Madrid. Furthermore, he has completed several postgraduate courses and programmes, including a business valuation programme at Harvard Business School and a value investing programme at Columbia Business School.

FRANCISCO JAVIER PÉREZ FERNÁNDEZ
Global Equities Manager

Javier started his professional career in the sales division at Crédit Lyonnais. Afterwards, at Banco Banif, he was head of international equities, until he joined March Asset Management in 2000 as global equities manager. He has been named as one of the best global equities managers by Inversion magazine and rated AA by Citywire.

Javier holds a degree in Economics from the Complutense University and is certified by the Spanish Institute of Financial Analysts (Certified European Financial Analyst). He also completed the “Value Investing and Search For Value” programme at Ivey Business School in Toronto, Canada.

Key figures

Investment horizon

Years
1
2
3
4
5
6
7

Style

Market cap Liability Value Mix Growth
Low        
Average        
High        
All        

Data

  • ISIN LU0701410861
  • CURRENCY  EUR
  • MANAGEMENT FEE. 2%
  • LAUNCH DATE. 22-feb-2012
  • DOMICILE LUX
  • CUSTODIAN RBC INVESTOR & TREASURY SERVICES

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