We use first and third-party cookies for analytical and statistical purposes and to show you personalised advertisements based on a profile compiled from your browsing habits (e.g. pages visited). For more information, click on our Cookie Policy. You can accept all cookies by pressing 'Accept', you can reject all cookies by pressing 'Reject', or you can customize your choice by pressing 'Manage'.
Investment funds
In the market there are only two important moments: buying and selling.
Value
Often, the best investment opportunities are found in industries that are not in their best moment in terms of value, but which are still fundamentally strong. Investing in value means avoiding market trends, not being influenced by the mood of other investors and, above all, being prepared to maintain the investment for many years.
-
Fashion is not synonymous with opportunity.The small investor is often swayed by trends, limiting their purchases to companies that appear in the stock indices and causing the valuation of larger companies to rise. This situation makes other solid and cheaper companies a good investment opportunity.
-
The opportunities of the European equity marketMany investors are choosing to invest in high-growth, seemingly more dynamic companies over companies that we might consider to be “dull”, but with stable businesses, more predictable growth and more attractive valuations, primarily in the European market.
-
Expensive companies versus cheap companies.Until now, investments were trending towards the most expensive stocks, but this tendency is reversing. The most expensive companies are becoming cheaper (Facebook, Netflix, etc.), while the share prices of the cheapest ones are beginning to recover.
Spread of valuation led by quality and growth
The cheapest end of the market remains cheap
MSCI European Index: Price to book spread between 25 and 75 percent
Source: Refinitiv Datastream
A new trend evidenced in the change of attitude by central banks.
The shift in the monetary policy of the central banks to a more restrictive environment and rising interest rates is a determining factor for the valuation of companies.
-
The challenge of European stocks.Throughout 2022, global stock markets have fallen sharply, with investors rattled by the FED's plans to hike interest rates. The European market has been practically alone in being able to buck this trend and stay afloat.
-
The impact of higher interest rates on tech stocks.In the USA sales have been spearheaded by this type of stock, which have been responsible for driving the market in recent years. However, the prospect of an interest rate hike has encouraged investors to shift from investing in companies with high-growth stocks to favouring cheaper companies.
-
Invest in companies of “longer duration”.Companies that are valued by discounting future flows, without profits, with unappealing valuations or with a demanding estimate in the forecast of the increase in their valuations.
But not everything is black or white. Nor green.
The market has long been focused on green energy, neglecting the companies that continue to perform well. The energy sector is recovering, and has a good outlook in the current market environment.
Some examples of “value”:
-
The pharma sector.Companies with stable income and a strong return on capital.
-
So-called “tortoise stocks”.Companies that develop slowly but steadily, such as food retailers or companies specialising in telecommunications.
-
Key sectors in the economy.Sectors such as banking or energy stocks.
Investment universe
Our investment proposal focuses on companies that contribute to global urbanisation or that we know benefit from it. Companies that operate in sectors such as mobility, infrastructures or sustainable resource management, mainly highlighting:
- Companies that contribute to a better quality of life in cities through the application of new technologies.
- Companies dedicated to managing the city, building the city and living in the city.
¿Qué opinan los expertos?
- En palabras de Warren Buffet es conveniente invertir en negocios con un horizonte temporal de largo plazo, compañías con ventaja competitiva duradera en el tiempo y con excelentes resultados operativos, negocios fácilmente entendibles y analizables; y con un equipo de dirección y management excepcional.
Our investment proposal
Invest in funds through shares in infrastructure corporates around the globe.
The value of investment funds1 can fall as well as rise, and you may get back less than you invested.
LU1670707527
M&G (LUX) EUROPEAN STRATEGIC VALUE "A" (EUR) ACC
Medium/High
EUR
1,50%
1000 €
-
Show/Hide legal text1 Investment funds: The key investor information document, prospectus and all other legal documents related to Bankinter's collective investment institutions are available in Spanish at any of our branches, on the Bankinter website (www.bankinter.com) and on the website of the Spanish National Securities Market Commission (CNMV).
-
Show/Hide legal text2 The fees shown are the sum of the management and depositary fees. These fees are charged annually.
Access your private area to continue arranging the fund.
Go to y account
Call us on 900 816 833 and we'll explain how to arrange this fund.