RankiaPro Funds Meeting with Professionals in Porto: Investment Insights from Leading Fund Managers
28 FEB, 2025
By Jose Luis Palmer from RankiaPro Europe
The second edition of the RankiaPro Breakfast with Fund Selectors & Fund Buyers in Porto marked the first investment event in Porto in 2025, bringing together leading investment experts to discuss the current economic landscape and share innovative investment strategies. Held at Crowne Plaza Porto, the event featured insights from distinguished professionals, including:
- Aymeric Guedy, Fund Manager at Carmignac
- Iván Díez, Country Head Iberia & Latin America at La Financière de l’Echiquier
- Jose María Fuentes, Sales Manager Iberia at La Française
- Maguy Macdonald, Global Equity Product Specialist at Edmond de Rothschild
The meeting began with a breakfast where the professionals in attendance had the opportunity to network and share their perspectives and concerns regarding the markets and the investment industry.
During the event, each of the fund managers shared their views on the markets, their investment strategies and the market outlook for 2025. Each speaker shared their firm’s outlook and investment approach, providing attendees with valuable insights into their respective strategies.
Carmignac - Carmignac Sécurité
Aymeric Guedy presented the Carmignac Sécurité, a flexible low-duration fund investing in European markets.
In 1989, Edouard Carmignac launched Carmignac Sécurité, a flexible, non-benchmarked fixed income fund aiming to deliver consistent returns while maintaining a strong emphasis on downside risk management. 35 years later, Carmignac Sécurité remains loyal to its core philosophy which is as relevant today as it was in 1989.
The Fund is 1st quartile in its Morningstar category over 1, 2, 5, 10 and 20 years* (category: EUR Diversified Bond - Short Term - AW EUR Acc Share class). Looking ahead to this year, carry will be one of the main drivers of performance. Credit remains one of Carmignac's strongest convictions, but the firm also actively manage interest rate risk, to adapt and operate in an environment that remains volatile.
* Source: Morningstar Rating™ : © 2022 Morningstar, Inc. All Rights Reserved. Reference to rankings and awards is not an indicator of future rankings or awards
Edmond de Rothschild - EdR Fund Big Data
Maguy Macdonald presented the EdR Fund Big Data, a thematic fund investing in international companies at the heart of the Big Data revolution.
The EDR Fund Big Data capitalises on the structural megatrend of Big Data, the central driver of the AI revolution, through a global strategy diversified across three pillars:
- Infrastructure (data collection and storage)
- Analysis (advanced software)
- Users (non-tech companies that turn data into competitive advantage)
The fund combines rigour in the selection of high quality companies, sustainable business models and financial discipline, including both established players and future leaders (25% in small and mid caps), as reflected in the average portfolio metrics: P/E 17.4x vs. 19.6x of MSCI World, 97% of the portfolio generates positive FCF, Net Debt/EBITDA of 0. It is therefore a differentiating strategy to maintain exposure to this structural growth theme, in a disciplined, cautious and consistent manner.
La Financière de l’Echiquier - Echiquier Space
Iván Díez introduced the Echiquier Space, a thematic equity fund focusing on the rapidly evolving space economy.
The Echiquier Space is an International Equity Fund that invests in the Space theme, i.e. in companies that develop aerospace themes and technology or benefit from it. Echiquier Space focuses on what we call Space 2.0 or Newspace, i.e. the aerospace industry with a commercial and security (defense) purpose, in which space is explored to achieve scientific advances, develop new technologies and improve the flow and transmission of data and information.
It has a concentrated portfolio with 30/35 growth style positions belonging to one of the 4 categories defined by the management team:
- From our Planet
- From Space
- Between Planet and Space
- Transversal Technologies
Launched in May 2021, it is the first European fund to invest in this innovative theme of NewSpace.
La Française - CM-AM Conviction Funds
Jose María Fuentes discussed the CM-AM Convictions Funds range, presenting the CM-AM Convictions Euro and the CM-AM Convictions USA.
The objective of the CM-AM Convictions Funds is to invest in business models that are understandable, sustainable, and well-positioned in promoting sectors. The investment team applies an active, conviction-based management that adapts to market conditions, featuring a core portfolio focused on Quality and Growth. The fund aims to create value by investing in companies well positioned on key mega trends, such as innovation, well-being and lifestyle, sustainable economy and longevity. The investment team applies proprietary analysis models, integrated by qualitative and quantitative factors to build an active convictions flexible portfolio investing in all capitalizations with a quality/growth approach.
Helping professionals in making better investment decisions
This second edition of the 'Funds Meetings' in Porto was part of our Funds Meetings events, which offer a unique opportunity to meet directly with the managers while fostering networking. We would like to express our sincere gratitude to our sponsors for making this event possible, and to all the professional attendees who joined us during an enriching event where we could share insights and perspectives on the investment markets.
