• The average profitability of the mutual society, founded in 1970 as Montepío Loreto, reached 3.91% in the last decade.
• The revaluation of the purchasing power of the savings of the company’s partners, which now reaches 24,364 mutualists, stands at 58.5% in the last 15 years.
• Extraordinary contributions exceeded 3 million euros last year, a record figure within the company.
Madrid, June 27, 2018. Loreto Mutua, founded in 1970 as Montepío Loreto, closed 2017 with a volume of assets under management of 1,403 million euros, 1.82% higher than the previous year, which is the historical record of mutuality. In addition, Loreto Mutua reached a profitability of 5.84% throughout 2017 and, in the last decade, the average annual return stood at 3.91%, well above the average of the assets in which it invests. In addition, the revaluation of the purchasing power of the savings of the partners of Loreto Mutua to 15 years stands at 58.5%.
Similarly, the number of extraordinary contributions (1,155) and their amount, which exceeds 3 million euros, also reached record figures at the end of last year, despite the decrease in the maximum contribution limit that stood in 2015 in the 8,000 euros. At present, Loreto Mutua has 24,364 mutualists.
By products, Loreto Óptima, the individual pension plan of the mutual fund, which currently has a net worth of more than 33 million euros, reached in 2017 a 3.68% return. At the end of May, its interannual yield stood at 2.29% according to Inverco data, which places it as the second most profitable vehicle within its category of mixed fixed income, tripling the average profitability of the same (-1,27%). As a result of this good behaviour, the Loreto Óptima Individual Plan has received recognition as the Expansion and AllFunds prize, as the best product within the category ‘FP Multiasset Conservative Profile’. For its part, Loreto Empresas, the vehicle offered by the mutual fund as a financial solution for companies, accumulated a return of 3.19% last year.
At the end of 2017, the entity’s equity was composed of 43% of fixed income assets, rose from 23% to 27% in equities, taking advantage of the good market moment last year, 25% in treasury and 5% in real estate.
Sample of the good work is that recently, the airline Norwegian and his sister company OSM Aviation Spain, have chosen Loreto Mutua, for it’s experience and expertise in the airlines sector, to manage the pension plan of their pilots.
Jon Aramburu, CEO of Loreto Mutua explains that “Loreto Mutua has more than fulfilled the objectives for which it was created: pay benefits and obtain the highest possible return. This is not only proven by the fact of this year’s return, 5.84%, but also since 2001 we have paid the equivalent of more than 1,200 million euros and reached an equity of more than 1,400 million. To get an idea, a client who had invested 100 euros in 2005, would have achieved today a return of 183 euros”.
Birth of Loreto Investments
In these months, Loreto Mutua is completing the launch of its own fund manager, Loreto Inversiones SGIIC, which will market and manage three investment funds (mixed fixed income fund, mixed equity fund and global-flexible equity fund), open to all types of investors in UCITs format. It will allow the client to choose between a range of management policies and differentiated risks, according to their investment profile. The company, open to all types of investors, is born with a mandate to optimize the results of management and open to financial products outside of pensions.
LORETO MUTUA
COMUNICACIÓN y MARKETING
