press release march gestion family businesses fund w28 march 2012
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PRESS RELEASE
The Family Businesses Fund
March Gestión believes in family businesses
MGF has launched a global equity fund that only invests in listed family Groups around the world
Madrid, March 28th 2012.- March Gestion, the investment boutique of Banca March, has launched `The Family Businesses Fund´, a global equity investment fund that only invests in a selection of the best family businesses around the world. The fund invests in listed companies where more than 25% of ownership is held by a single family, at least a family member is involved in the top management of the company and where there is a willingness to transmit the ownership to the next generation. According to José Luis Jiménez, CEO of March Gestión, “the characteristics of family businesses (FB): long term view, commitment, loyalty, motivation and low leverage; make them solid and stable businesses in the long run compared to other non-family companies (NFB), as has been proven crisis after crisis. As a matter of fact, FB revenues and profits are better than NFB.” Family businesses: a very profitable asset More than the 80% of companies around the world are family businesses and nearly 15% of them are included in the S&P500 and Stoxx600 indices. An investor who had invested in a portfolio of European family groups equally weighted during the last 16 years could have obtained a 250% accumulated profit against 50% obtained by the MSCI World or the Stoxx 600 during the same period.
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European Family Business Companies
Stoxx 600
MSCI World LC
The Family Businesses Fund, managed by Javier Pérez and José Antonio Méndez, who have a successful track record (managers of March Vini Catena), has the objective of investing in FB that offer a good valuation together with fundamentals that remain stable in the long term.
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With the launch of the FBF, the Spanish investment boutique keeps growing in AuM and clients in Europe (+50% since 2008) through a highly quality and specialized product offering (Torrenova and Vini Catena). “This fund allows us to combine our deep knowledge of FB with our expertise in asset management. Since 1926 Banca March has been a FB which has specialized in wealth management and supporting other FB”, as explains José Luis Jiménez. MGF´s investment philosophy combines long term value creation and wealth protection through active management. Furthermore, to support the portfolio managers of the FBF, MGF has reached a cooperation agreement with the IE Business School -one of the top MBAs in Europe and very specialized in entrepreneurship- to foster research in many aspects of the family businesses. Together with March Vini Catena and Torrenova, The Family Businesses Fund is registered for sale in Spain, Italy and Luxembourg and is currently being registered in the United Kingdom, Switzerland and Austria There are retail and institutional share classes denominated in EUR, USD and GBP. Fund characteristics Name: The Family Businesses Fund (FBF) ISIN: LU0701411166 (I shares) LU0701410861 (A shares) Fund managers: Javier Pérez and José Antonio Méndez Fees: 2% A Share (10 EUR), 1.25% I Share (> 100,000 EUR). USD, EUR and
GBP Daily NAV and daily liquidity UCITS IV Custodian: Banque Privée Edmond de Rothschild (Luxembourg)
About March Gestión www.marchgestion.com March Gestión is the investment management arm of Banca March customers. With approximately 1,900 M€ of assets under management and a team of 24 investment professionals, global equity and assets allocation are its main capabilities. Its investment philosophy combines long-term value creation with wealth protection. About Banca March: www.bancamarch.es Banca March is one of the largest Spanish financial groups with one of the highest solvency ratios in Europe (Core Capital of 26%). It has been ranked nº 1 in the banking stress test in 2010 and 2011. Furthermore, Banca March has received the Best Private Bank award in Spain in 2010 & 2011 by World Finance It is a family-owned institution with a heavy focus on Wealth Management, Corporate Banking and Fund Management. For more information: Banca March Evercom Comunicación Luis F. Fidalgo, dir. Comunicación Phone: +34 91.577.92.72 [email protected] Laura Díaz Bettarel [email protected] Phone: +34 97.177.93.40/91.436.37.10 José María Esteban