– LORETO MUTUA’s personal plan is ranked as one of the best in its category, in the highly-competitive pension plan environment.
– The 5-star maximum rating obtained in three of the four categories reflects the high returns that the product offers, its relatively low risk and its commitment to the future.
– LORETO ÓPTIMA has posted a return of 4.43% so far this year.
Madrid, 15 November 2017. LORETO MUTUA, an independent institution specialising in retirement savings products and ranked among the leading institutions dedicated to social welfare in Spain, has announced that its LORETO ÓPTIMA individual plan has obtained a 5-star rating from Morningstar Inc, the highest awarded by the prestigious platform and digital service which specialises in financial information on funds and pension plans.
In each of the ratings published by Morningstar Inc, THE LORETO ÓPTIMA personal plan obtains 5 stars over three years, 10 years and in overall terms, while its profitability is classified as “high” and its risk factor as “below average”. It is also positioned in the Top 5 of the best pension plans in the category of Euro Cautious Balanced, and in the Top 10 of Inverco’s ranking within its category.
The latest product information, at 30 September 2017, shows returns of 4.43% for the nine months the ended, 5.19% over the past 12 months and almost 5% since its launch in October 2003, appreciating over the last 10 years by 20.66% above inflation.
Another point to highlight is the low fee structure. With a 0.3% management fee and a 0.1% custody fee it is one of the lowest in the market, demonstrating an ability to manage the fund’s assets efficiently and grow them while at the same time maintaining a cost-effective policy.
LORETO MUTUA takes off and shines brightly.
“Basically, it reflects the fact that LORETO has an almost unrivalled depth of experience, with almost 50 years in social welfare management as a mutual benefit fund in the aviation sector and as a plan manager. We also have the advantages of independence, and of the demands made of us by the mutual societies in the aviation sector and by participants,” says Jon Aramburu, Loreto CEO.
As Jon Aramburu says, this news rounds off a good year: “At the beginning of the year, we received our first award from Morningstar Inc, which placed Loreto Óptima among the best long-term products, and now also places us as leaders in the short term. The important thing is not just getting there, but staying there and moving onwards and upwards. A new indication that our management policy is appropriate is the balance between profitability and safety, because not only are we beating inflation and outperforming the products we invest in and the average profitability of the market, but we can also measure ourselves unabashedly against the best products in the market, where Loreto Óptima is very firmly established.”
LORETO MUTUA, specialisation and independence.
Loreto Mutua began its activities 47 years ago, managing social welfare to supplement that of the state Social Security system for workers in the airline industry. Currently, in addition to the mutual fund itself, there is a Loreto Óptima individual plan, and an employment plan, Loreto Empresas, aimed at any company interested in the future savings of its employees. The organisation is among the leading financial institutions and groups dedicated to social welfare in Spain in terms of volume of assets managed for this purpose – €1.4 billion. Over the past decade it has managed the retirement benefits of more than 10,000 people.
