• The individual plan of Loreto Mutua, the mutual society of the airline industry , already exceeds 32 million of assets under management.
• In addition to its profitability, Loreto Optima stands out for its reduced expenses, with a management fee of 0.3% and a deposit fee of 0.1%, among the lowest in the market, whose average is 1.42%.
Madrid, June 21, 2018. Loreto Optima, the individual pension plan of Loreto Mutua, the mutual society fund of the airline industry, achieved a year-on-year yield of 2.29% at one year, with data at the close of May 2018, which it ranks as the second most profitable vehicle within its category of mixed fixed income, tripling the average profitability, which stands at -1.27%. The annualized return of this vehicle to five years is 3.52%, and to ten years of 3.11%, thus ranking among the twenty products that accumulate a higher profitability, for this category and periods, according to Inverco data. At present, Loreto Optima has a heritage under management above 32 million euros.
It is a vehicle designed to equip the participants with the highest possible absolute return, in the best conditions of safety and risk diversification. In addition, Loreto Optima stands out for its reduced expenses, with a management fee of 0.3% and a deposit commission of 0.1%, one of the lowest on the market, whose average stands at 1.42%.
The individual plan Loreto Optima has a rating of 5 stars Morningstar Inc., in 3 years, 10 years, and in the ‘Global’ category. This is the highest rating awarded by the prestigious platform specialized in financial information of funds and pension plans, only within the reach of 10% of the best vehicles in each category. To award this rating, Morningstar performs product valuations, taking into account risk-adjusted performance and its market environment.
In recent times, the Loreto Optima Individual Plan has obtained other recognitions such as the Expansión and AllFunds prize, as the best product within the category ‘FP Multiasset Conservative Profile’.
Jon Aramburu, CEO of Loreto Mutua, explains that “we are collecting the fruit of the work carried out in recent years by our management team, always focused on obtaining maximum profitability, adjusting the strategy at each moment of the market. Our pension plan is demonstrating its ability to effectively manage and grow the fund’s assets while maintaining a cost-adjusted policy”.
Nearly 50 years of experience in retirement management
Loreto Mutua, founded in 1970 as Montepío Loreto for Iberia (today IAG), is the mutual society of the airline industry and also manager of pension plans. An independent entity, with great prestige and reputation for both its service and its profitability, which has almost 50 years of experience in the management of savings for retirement. The entity has almost 25,000 members and accumulates more than 1,400 million under management.
In the coming months, Loreto Mutua will launch its own fund manager, Loreto Inversiones, which, with a very similar investor DNA, will commercialize several investment funds.
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