ElEconomista's 'Global League of Active Management' funds have become mostly greener and more technological this year , following a trend that started last year. The collapse of the markets in mid-March and the consequences of the pandemic on the economy have become the first acid test that the products of this League are going through and the note may be acceptable: they have gone from losses of close to 30% when the bags fell to lead in the third month of the year to reduce the falls to 9.37%, with data from Morningstar of last Tuesday, May 26.
Among the 196 funds that make up the 'Global League', including the most representative funds of Spanish 'value' firms such as azValor, Cobas, Magallanes or Bestinver , there are almost twenty that have stood out above the rest, achieving to be on positive ground and even with more than attractive percentages of profitability . They are a small group of 18 funds that stand out above all for focusing on strategies related to climate change, renewable energy, the green economy or technology.
Among them, there is a hard core of seven funds that consistently exceed 5% return in recent weeks, in the heat of the stock market recovery. And above all, Green Benefit Nachhaltigkeit Plus P , from Luxembourg-based management company Axxion, stands out especially , achieving 12.5% profitability so far. Among its main positions are companies like the Chinese JinkoSolar Holding Co Ltd (7.62% of the portfolio) and Daqo New Energy Corp ADR (4.94%), apart from the Canadian DynaCERT Inc (7.42%), the US Enphase Energy Inc (6.57%) or Norway's NEL ASA (5.32%).
It is a fund with just 5 years of life, offering a return of 2.66% annualized in this period of time and 22.6% annualized at 3 years. It is among the funds of the 'Global League' with the least assets, with only 11 million euros.
The following active funds by profitability in the year are DPAM Invest B Eqs NewGems Sust A Dis and CPR Invest Glbl Dsrpt Opp A EUR Acc , with a yield of 8.6% and 8.4%, respectively.