Diego Carballo

Fonditel Gestión is an active manager which aims to achieve absolute returns by investing through their global funds. Their geographic focus is on in OECD member countries and they may invest a small amount in emerging countries. The firm invests in fixed and variable securities including treasury bills, notes, repos business and public debt issued by public or private entities. They may invest in credit institutions based in a European Union member state and in other collective investment institutions governed by rules similar to those in Spain. Fonditel Gestión primarily invests in the euro currency and may utilize derivatives traded on organized markets to cover risks related to cash investments.

BBVA-AM’s investment philosophy is based in three pillars: a global investment process, global risk management, and global valuation and performance. The firm seeks to provide long-term consistent performance. They combine their global investment and risk management process with solid specialization and knowledge of local markets. The process includes rigorous integration of risk control into the investment process (use of risk measurement models for decision-making).