Coronavirus: financial analysis XIII

A national employment pact for millennials

The global economic crisis triggered by the Lehman Brothers collapse cut short the development of millennials — those born between 1981 and the end of the 20th century. And now they are once again the hardest hit. As a result, Antonio Huertas, Chairman and CEO of MAPFRE, believes a major national agreement is needed, with a series of measures in place to prevent the same mistakes.

It is not a ‘Hamilton moment,’ but a change in the statu quo

The institutional response to this crisis, from both the ECB and the European Commission, has risen to the occasion, consolidating the new leadership that came in at the end of 2019. This is the opinion of Gonzalo de Cadenas-Santiago, Director of Macroeconomics and Financial Analysis at MAPFRE Economics, shared in this article published in El Confidencial.

“There is still a lot of uncertainty long-term”

In the short-term, macroeconomic data points to a better recovery than forecast — the main factor for market turnarounds. However, Alberto Matellán, Chief Economist at MAPFRE Inversión, remains wary. He, in turn, is looking at possible inflation risks over the next two or three years and the impact of the crisis on aspects such as consumption.

The Dolan Discount: Opportunity or Value Trap

Jonathan Boyar, president of Boyar Research, presented at the Contrarian Investor Virtual Conference the main milestones of the firm he presides over, which has an agreement with MAPFRE AM. In his presentation, he explains cases of companies included in the portfolio of MAPFRE AM US. Forgotten Value Fund, such as Madison Square Garden Company (MSG).

MAPFRE’s sustainable funds attract more than 60 million euros in spite of market volatility

So far this year, the net underwriting for the mutual funds of MAPFRE AM, the insurance group’s management company, has been positive. But that momentum is largely due to the company’s range of socially responsible investment products. In fact, the company has four funds that fulfill environmental, social and governance (ESG) criteria.