Norz Patrimonia is a financial advisory company regulated and supervised by the CNMV with 500 million euros of assets under advice. Its partners have more than 20 years of experience on average in the financial sector.
With respect to the advised funds, we highlight a) the great knowledge of its investment team led by Jorge Martret, CFA, CAIA, who accumulates decades of experience in managing and directing investment teams; b) the simplicity of its approach; and c) its extraordinary results.
They have a security selection philosophy based on fundamental analysis of companies. It combines its focus on the highest quality global companies in the market at attractive prices (approximately 65% of its equity exposure currently) with companies in which they are extraordinarily listed at a very low price with respect to the cash generated (close to 30%) and special situations in which they see an obvious undervaluation with clear short-term catalysts (around 5%). However, these percentages may vary depending on market opportunities.
The Magnus Global Flexible SICAV fund is your main global equity investment vehicle. It has achieved a return of 19.1% from May 31 2021, to March 29, 2024, the date on which the new global equity strategy became fully implemented from a flexible mixed strategy, outperforming the main indices of global equities in local currency (the vehicle systematically hedges a part of the currency risk).
Through a diversified portfolio construction and an efficient hedging strategy that provides value in times of small market corrections, they have managed to maintain contained volatility levels compared to those of the indices.
The Magnus International Allocation fund is a multi-asset portfolio that actively invests in equities and fixed income. In fixed income they look for the areas of the market with the most value, starting in 2022, finding value beyond the short term. In equities, they maintain the same approach as the Magnus Global Flexible SICAV strategy. Norz Patrimonia has managed to position its flexible strategy in the first quartile of results in its category at one, three and five years.
