Cobas Iberia C snatches the position from Okavango Delta I led by José Ramón Iturriaga, who has gone down a step in the last week. Only six La Liga products managed to resist positively in the year
The Iberian stock market vehicle managed by Francisco García Paramés, Cobas Iberia C, has risen this week to third place in the elEconomista Active Management League, made up of the 34 most active Spanish stock funds, with a return of 5 .51%, after climbing one step in the ranking, with data from Morningstar as of April 3.
In the last quarterly letter, the managers of Cobas highlighted the Portuguese oil company as their star value of the month. “We mainly like Galp for its good assets. It has a very competitive portfolio with best-in-class assets in Brazil due to the low costs in the country and with a long path to improve the learning curve and the potential development of new projects of gas”, they emphasize.
The energy company, which adds 38% in 2022, has benefited greatly from the rise in prices of raw materials. Galp is not only seeing strong growth in the exploration and drilling segment, supported by high oil prices, but also in renewables.
“The evolution has also been very positive, thanks to the increase in natural gas prices and CO2 licences. They are growing their business lines, particularly renewables, proving to be leaders in reducing emissions with a CO2 footprint that is half the industry average”, justifies the manager.
The fund’s portfolio continues to have strong conviction in stocks such as and , which are up 5% and 7%, respectively, for the year. , and complete their top five positions.
All in all, among the best-known value products, the one that remains in the first position is Azvalor, with a large return of 12.56%. You have to go down to twelfth place to find Magallanes Iberian Equity, managed by Iván Martín, which yields 0.83%, and to fifteenth to find Horos Value Iberia, with a decrease of 1.76%. Two places below, Bestinver stock, under the responsibility of Ricardo Seixas, fell 1.94%, and in twentieth place is Metavalor, which in this new stage of the manager is supervised by Alberto Roldán, leaving 3, 82%
Gesconsult leaves the last position
At the bottom of the table, the product managed by Gonzalo Sánchez and which lost 8.18% in the year, Gesconsult Variable Income, has recovered two positions in the last five days to the detriment of EDM-Inversión R FI and Radar Inversión Retail FI, which suffered falls of 8.64% and 8.65%, respectively.
However, the product that has fallen the most positions in the last week is Andbank’s Gestión Boutique VII Fundament Appr Spa, which dropped five positions and accumulated losses of 4.39% since January 1.
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