Welzia Management, a management company specialized in private banking and asset management, is reordering and concentrating its portfolio of funds, one of the most profitable in the sector in a year marked by the impact of the covid-19 pandemic.
The National Securities Market Commission (CNMV) approved (by issuing a non-opposition opinion) the purchase of Egeria Activos by Welzia at the end of March this year. Since that time, Welzia Management has merged funds from both portfolios in order to take advantage of the good results obtained in most of the products managed by both companies, despite the economic crisis caused by the pandemic, and also to take advantage of the synergies resulting from integration.
The CNMV itself has recently approved the absorption solutions of Welzia 10, Egeria Global and Valtrasa sicav by Egeria Coyuntura, that of Welzia Patrimonio and Egeria Ahorro by Welzia Ahorro 5 and that of Welzia Global Financials by Welzia Global Opportunities.
Better returns
Some of these funds are among the best performing funds in the first half of the current year, according to data collected by Morningstart Direct. Thus, the Welzia Ahorro 5 fund, with an accumulated profitability of 0.70% (2.06% as of today), leads the ranking of the so-called conservatives. The Welzia Flexible 10 fund, in turn, leads the profitability classification in the moderate category, with a 3.17% revaluation at the end of the semester, which has risen to 5.03% throughout the month of July.
Welzia has a wide range of investment funds that build portfolios with the main assets, assigning weights to each one based on their expectation of return and volatility, covering all the risk profiles of their clients. The Welzia Ahorro 5 and Welzia Flexible 10 funds are two of the wealth management firm's multi-asset vehicles.
The differential quality in the portfolios of these funds is their flexibility, granted by a risk control system that derives the different invested assets towards liquidity based on their behavior and the aggregate market environment. These vehicles have risk controls based on volatility and on the individual behavior of each of the assets in their universe, which allows them to modulate the allocation of assets in a very active way, hence their good results.
