Coronavirus: financial analysis

Special 1st Annual MAPFRE Sustainable Finance Observatory Forum

This week, MAPFRE held the first Annual Forum of the MAPFRE Sustainable Finance Observatory, in which it also presented the first MAPFRE Inclusión Responsable Award to Iberdrola, awarded in recognition of its commitment to employing people with disabilities.

– Huertas: “If we produce low-cost economies, we generate low cost workers and societies. A good salary and stable employment can be the most sustainable contribution of companies”.

– Margarita Delgado (Central Bank of Spain): “Companies increasingly tend to incorporate ESG criteria in their decisions and actions.”

– A financial and academic view on the social dividend

MAPFRE receives details of its contributions to the fight against COVID-19 from the Community of Madrid

MAPFRE AM made funding amounting to 52 million euros available to the Community of Madrid as part of the fight against COVID-19. The regional government has now provided the insurer’s funds manager with the first impact report, which details how this money has been allocated. You can read the related advisory here:

“Our commitment to investments with ESG criteria has acted as a shield against the crisis.”

In the latest edition of the Barometer of Private Pensions in Spain, prepared by Fondos Directo, Álvaro Anguita, CEO of MAPFRE AM, explains the fund manager’s position in the midst of the coronavirus pandemic. In addition, he offers his view on the Spanish and North American stock markets.

“We’ve given less weight to technology companies and have bought Delta and Royal Caribbean.”

Patrick Nielsen is the deputy general manager of MAPFRE AM and manager of MAPFRE America PP, which has gained more than 11 percent so far this year. In an interview with El Economista, he explains how he has been reducing the weight of technology stocks in favor of including companies that benefit more from the change of cycle.

“It’s Black Friday on the stock market too, and everybody is looking for a deal.”

Stock markets are still on a roll, according to Alberto Matellán, chief economist at MAPFRE Inversión. Speaking on Radio Intereconomía, he attributed this to two factors: a change in mentality on the part of investors, who are already thinking about a post-Covid world, and because there is a lot of money floating around. Our expert economist offers his recommendations to retail investors.

The post-COVID world: more debt and lower long-term growth.

The future will be dominated by three elements of new normality: (i) substantially higher levels of debt; (ii) lower long-term economic growth; and (iii) reduced market participation as the public sector and central banks take on a greater role. This is the conclusion reached by Gonzalo de Cadenas-Santiago, director of macroeconomic and financial analysis, in a piece published by El Confidencial.