Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

AFPIPP Rankia Funds Experience Lisbon 2017

159 views

Published on

AFPIPP Rankia Funds Experience Lisbon 2017: José Veiga Sarmento

Published in: Economy & Finance
  • Be the first to comment

  • Be the first to like this

AFPIPP Rankia Funds Experience Lisbon 2017

  1. 1. Investment Fund Industry Situation Rankia Funds Experience Lisbon, 7th June 2017 José Veiga Sarmento APFIPP Chairman
  2. 2. 2 Figures as of 31st March 2017, with exception of Pension Funds that refer to 31st December 2016 Source: APFIPP, ASF e CMVM * - Includes Pension Fund Managers and Insurance Companies ** - Includes Asset Management Companies, Other Investment Companies, Credit Institutions and Mutual Fund Managers What we are: Mutual Fund Managers Entities Assets under Management (Millions €) Real Estate Fund Managers Pension Fund Managers* 15 11 526 Individual Portfolio Managers** Number of Entities 33 10 658 22 18 468 40 62 532 PORTUGAL
  3. 3. 3 3 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 mar/17 Mutual Funds Real Estate Funds Pension Funds* Discretionary Management Source: APFIPP, ASF e CMVM. * The Pension Funds’ figures of March 2017 refer to the end of December 2016 Assets under Management (millons de €) Some Mutual Fund Managers started to manage Investment portfolios from Insurers (mandate) What strengths: PORTUGAL
  4. 4. 4 What strengths: Source: APFIPP e CMVM Figures as of 31st March 2017 Number of Funds Assets under Management(millions €) PORTUGAL Mutual Funds, 170 Real Estate Funds, 234 37 49 45 26 5 5 3 Others Multi-Assets Funds Equity Funds Bond Funds Money Market Funds Guaranteed Funds Absolute Return Funds Equity Funds, 1,141 Bond Funds, 1,226 Multi-Assets Funds, 2,543 Money Market Funds, 806 Guaranteed Funds, 212Absolute Return Funds, 21 Other Funds, 5,577 Real Estate Funds, 10,658
  5. 5. 5 Where we are: 5 4 561 288 14 141 514 0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Assets under Management – UCITS and AIF (millions €) Source: EFAMA EUROPE
  6. 6. 6 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 Where we are: EUROPE Source: EFAMA Figures as of 31st December 2016 Assets under Management – UCITS and AIF (millions €)
  7. 7. 7 How we are: Since 2015: 1 - Portuguese Funds have a new legal and regulatory framework in line with the European Directives - Portuguese Authorities are working in the transposition, to the Portuguese law, of UCITS V Directive. 2 - Portuguese Funds have a new competitive legal tax regime, in line with the best practices. - The Funds are practically exempt; - Taxation occurs mainly at the level of the investor; - Foreign investors of Mutual Funds are exempt; - Foreign investors of Real Estate Funds are subject to a small withholding tax (10%).
  8. 8. 8 How we are: Name of the Fund Annualized Return Risk Class BPI Brasil Valor - F.I.A. 58.57% 7 BPI Brasil 48.40% 6 Caixagest Acções EUA 26.48% 5 Santander Acções América 25.93% 5 Montepio Euro Energy 24.79% 6 BPI Ásia Pacífico 24.17% 5 Montepio Euro Financial Services 23.43% 7 BPI América - Categoria D 22.93% 6 Multi Gestão Mercados Emergentes 21.99% 5 NB Ações América 21.98% 5 Name of the Fund Annualized Return Risk Class SGF Patr. Ref. Acções PPR 7.70% 4 PPR BBVA Acções 6.25% 4 Optimize Capital Reforma PPR Acções 6.19% 4 PPR BIG Acções Alpha 5.84% 4 PPR SGF Acções Dinâmico 5.77% 4 Bankinter PPR Acções 55 5.74% 4 PPR Platinium 5.64% 3 PPR SGF STOIK Ações 5.45% 3 PPR Geração Activa 5.33% 3 IMGA Investimento PPR Ações 5.02% 3 A) Funds with higher returns - 1 YEAR Source: APFIPP Figures as of 31st March 2017. Includes only Funds managed by APFIPP’s Members Name of the Fund Annualized Return Risk Class Multireforma Acções 12.91% 5 Horizonte Acções 8.07% 4 BPI Acções 7.85% 4 Futuro XXI 7.76% 4 BBVA Multiactivo Moderado 7.37% 4 Optimize Capital Pensões Acções 6.99% 4 Optimize Capital Pensões Equilibrado 6.52% 3 SGF Square Acções 5.58% 4 Optimize Capital Pensões Moderado 4.92% 3 Rendimento Activo 4.38% 3 Mutual Funds PPR Funds Open Pension Funds
  9. 9. 9 How we are: Name of the Fund Annualized Return Risk Class Optimize Capital Reforma PPR Acções 4.87% 4 Optimize Capital Reforma PPR Moderado 3.50% 4 PPR BIG Taxa Plus 3.22% 4 Optimize Capital Reforma PPR Equilibrado 3.12% 4 PPR SGF Acções Dinâmico 3.01% 4 PPR BIG Acções Alpha 2.90% 4 NB PPR 2.80% 4 PPR Geração Activa 2.37% 4 PPR Praemium V 2.36% 4 PPR Platinium 2.35% 4 B) Funds with higher returns - 3 YEARS Name of the Fund Annualized Return Risk Class Optimize Capital Pensões Acções 4.94% 4 Horizonte Acções 4.63% 4 BPI Acções 4.63% 4 Optimize Capital Pensões Equilibrado 3.97% 4 Caixa Reforma Garantida 2022 3.83% 3 Protecção 2020 3.79% 3 BPI Valorização 3.38% 3 Rendimento Activo 3.38% 3 Turismo Pensões 3.38% 4 Optimize Capital Pensões Moderado 3.31% 3 Mutual Funds PPR Funds Open Pension Funds Name of the Fund Annualized Return Risk Class Caixagest Acções EUA 16.32% 6 Santander Acções América 16.31% 5 BPI América - Categoria D 14.49% 6 Caixagest Infraestruturas - F.I.A. 13.61% 3 Caixagest Ações Líderes Globais 13.25% 5 IMGA Ações América 13.07% 5 Caixagest Acções Japão 12.04% 6 Caixagest Private Equity - F.I.A. 11.22% 3 IMGA Global Equities Selection 10.95% 5 BPI Ásia Pacífico 8.95% 6 Source: APFIPP Figures as of 31st March 2017. Includes only Funds managed by APFIPP’s Members
  10. 10. 10 How we are: Name of the Fund Annualized Return Risk Class NB PPR 8.44% 4 Optimize Capital Reforma PPR Moderado 6.33% 4 Optimize Capital Reforma PPR Acções 6.30% 4 Optimize Capital Reforma PPR Equilibrado 5.09% 4 PPR Geração Activa 4.87% 4 PPR Platinium 4.87% 4 PPR 5 Estrelas 4.46% 3 PPR SGF Acções Dinâmico 4.38% 4 PPR Praemium V 4.14% 4 PPR BBVA Acções 4.06% 4 C) Funds with higher returns - 5 YEARS Mutual Funds PPR Funds Open Pension Funds Name of the Fund Annualized Return Risk Class Santander Acções América 13.59% 5 Caixagest Acções EUA 13.36% 5 Montepio Euro Healhcare 13.00% 5 BPI América - Categoria D 11.45% 5 IMGA Ações América 11.39% 5 Caixagest Infraestruturas - F.I.A. 9.98% 3 NB Obrigações Europa 9.25% 4 NB Ações América 8.73% 5 Montepio Acções Europa 8.73% 6 Santander Accões Europa 8.56% 6 Name of the Fund Annualized Return Risk Class Optimize Capital Pensões Acções 7.73% 4 Optimize Capital Pensões Equilibrado 6.88% 4 Protecção 2020 6.62% 4 Horizonte Acções 6.34% 4 BPI Acções 6.11% 4 Optimize Capital Pensões Moderado 5.59% 3 Multireforma Acções 5.04% 6 Turismo Pensões 4.89% 3 Caixa Reforma Garantida 2022 4.86% 3 Horizonte Valorização 4.75% 3 Source: APFIPP Figures as of 31st March 2017. Includes only Funds managed by APFIPP’s Members
  11. 11. 11 How we are: Name of the Fund Annualized Return Risk Class NB PPR 5.63% 4 PPR Vintage 3.63% 3 PPR 5 Estrelas 2.93% 3 PPR Europa 2.79% 4 PPR Garantia de Futuro 2.49% 3 PPR Platinium 2.38% 4 CVI PPR/E 2.15% 4 IMGA Poupança PPR 1.94% 3 BPI Refoma Acções PPR 1.85% 4 BBVA Solidez PPR 1.44% 2 D) Funds with higher returns - 10 YEARS Name of the Fund Annualized Return Risk Class BPI Acções 3.50% 4 BPI Valorização 2.98% 3 Horizonte Acções 2.87% 4 Caixa Reforma Garantida 2022 2.87% 4 Reforma Empresa 2.86% 3 Turismo Pensões 2.82% 4 Futuro Clássico 2.56% 3 BPI Segurança 2.43% 3 Horizonte Valorização 2.26% 4 Multireforma 2.26% 3 Mutual Funds PPR Funds Open Pension Funds Name of the Fund Annualized Return Risk Class NB Obrigações Europa 7.75% 4 Caixagest Acções EUA 7.20% 6 Santander Acções América 5.91% 6 IMGA Ações América 5.14% 6 Montepio Taxa Fixa 4.47% 4 BPI América - Categoria D 4.05% 6 Caixagest Acções Oriente 3.95% 6 BPI Obrigações A.R.A.R. 3.71% 4 Santander Multi Taxa Fixa 3.68% 3 Caixagest Private Equity - F.I.A. 3.14% 4 Source: APFIPP Figures as of 31st March 2017. Includes only Funds managed by APFIPP’s Members
  12. 12. 12 12 COMPETITION THROUGH…. FUNDCHAIN (Luxemburgo) FUNDS HARBOUR (Portugal) FUNDSDLT (Luxemburgo) DIGITAL PLATFORMS (lost in the forest?) What comes ahead:
  13. 13. 13 13 WAR OF COMISSIONS (Will my income go down?) What comes ahead:
  14. 14. 14 ROBO-ADVISORS (Will managers be needed?) What comes ahead:
  15. 15. 15 DO NOT FORGET THE SECURITY OF IT!! BANK What comes ahead:
  16. 16. 16 What to do: Make our ecosystem a place of excellence: Portugal as host of international management
  17. 17. 17 Wehave(almost) everythingtohavesuccess: Quality of peopleNatural conditions to live Efficient resolution of conflicts through Arbitrage Procedures Digital Platform of Funds Commercialization (in project) Blockchain Excellent Physical infrastructures (telecommunications and communications)
  18. 18. 18 APFIPPBlockchainProject: FundsHarbour Investor Main goals of the platform: It aims to simplify and make the distribution of Funds, in Portugal, more efficient; It puts the Customer at the center, around whom the offer of products and services is made through an open competition; It seeks to reduce the burden of reporting to Regulators and Supervisors; It puts Portugal on the map of leadership in technology and financial industry processes.
  19. 19. R. Castilho, nº 44 - 2º Floor 1250-071 LISBON Tel : + 351 21 799 48 40 Fax: + 351 21 799 48 Email : info@apfipp.pt

×