The Real Return Strategy is a defensive, global and multistrategy portfolio with an absolute performance objective of Eonia + 400 basis points.

Combines traditional assets such as stocks, bonds and currencies with an active hedge management to reduce market risk, preserve capital and offer liquidity to investors in any market scenario.

The investment philosophy is based on a global and pragmatic interpretation of the financial markets. History shows that there is not any asset, market or economy in isolation can offer an stable profile of risk-return over time. An attractive and sustainable return with moderate volatility on liquid assets can just be achieved through a real diversification and risk dynamic control management.

The main stocks strategy in this portfolio is Quality Alpha, a concentrated stock selection with potential growth and solid fundamentals.

Combines two investment processes as a result of years of internal investigation:

1.  A stock selection process based on fundamentals factors analysis with 5 stages (Fundamentals growth, Barriers of Entry, Financial Consistency, Valuation and Momentum)
2.  A global dynamic risk control layer to reduce portfolio´s sensitivity to market moves. The strategy Real Return seeks to obtain an attractive return in the long run from sources of real growth without asset, regional or sectorial restrictions.