Miralta

Narval Europa

A unique fund in an
ocean of investments

Every investor has their own investment objectives, but they all have the same goal of protecting their wealth and increasing their equity.

Our equity fund aims to grow its investors’ capital at a faster rate than the stock markets over the long term. We invest in leading European multinational companies to benefit from global growth and development. We seek value in great companies. Regardless of the sector in which they operate, Narval Europe invests in companies with a strong culture of innovation so that, as long-term investors, we place our capital in companies capable of creating their own future.

Benefit from long-term strategies with Miralta Narval Europe. Outperform the indices with maximum risk containment.

CLASE A

PERFORMANCE ↓

45.32 %

Since inception

160.184132€

Net asset value* as at2024-07-11

0.05%

Daily valuation

  • YTD
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 16.65%
  • 19.75%
  • -11.29%
  • 12.70%
  • 16.73%
  • 8.12%
  • -11.27%

DETAILS OF THE FUND ↓

EVOLUTION OF THE NET ASSET VALUE

Gráfica evolutiva Narval-Miraltabank

HISTORIC class A FUND – Data as at close of business 31/05/2024. Source: Miraltabank.
From 23/12/2022: Change in Class A management fees (1.20%/9% success) and change in benchmark index to MSCI Europe.
From 02/11/2020: Class A data valid until 23/12/22 with management fee of 1.60%, and benchmark Stoxx600 TR.
Before 02/11/2020: Class A data valid until 02/11/20 with management fee of 1.10% and Stoxx600 TR benchmark”

Managers’ comments

The weakening of activity and consumption data during the month has allowed US short-term rates to move away from the critical 5% level, which has given a boost to stock markets, which have returned to record highs on both sides of the Atlantic. This has allowed the fund to achieve a return of 4.25% in the A class vs. 3.27% for the benchmark index. The strategies that have contributed the most to the portfolio have been those that have benefited the most from lower interest rates, such as cryptos, utilities and real estate. In terms of activity during the month, we added exposure to the commodities and financials sectors, with the latter returning to solid performance despite the correction in yields.

We continue to believe that equities are acting as an escape valve in the face of expectations of the return of central bank put and monetary policies that prioritize debt monetization, so the fund’s investment level is one of the highest we have maintained with an exposure of approximately 93%.

 

GENERAL DETAILS

  • CNMV Registration No
  • ISIN Code
  • Launched on
  • Currency
  • Type of assets
  • Benchmark index
  • Management fee
  • Deposit fee
  • Minimum investment
  • Auditor
  • 5200
  • ES0173367048
  • 22/11/2020
  • Euro
  • Monetario, renta variable, gestión
  • STOXX Europe 600 Net Return
  • 1,20% / 9% éxito
  • 0,10% /0,075%
  • 100 €
  • Deloitte

CLASS A DETAILS

  • Net asset value* as at 2024-07-11
  • Variation of the net asset value as at 2024-07-11
  • Fund assets as at 2024-07-11
  •  
  • BASIC RETURNS
  • 1 day
  • YTD
  • 1 month
  • Since inception
  • 160.184132€
  • 0.05%
  • 9,507,754.39€
  •  
  •  
  • 0.05%
  • 16.65%
  • 2.6%
  • 45.32%
  •  
  •  

Documentation

(*): The net asset value and other informative documents of the funds available on this website are published in compliance with article 18.2 of the Law on Collective Investment Undertakings under the responsibility of Miralta Asset Management SGIIC, S.A.U., which is responsible for updating and maintaining them.

Data as at EOB 30/04/2024. Source: Miraltabank. The return expressed above is net of fees and expenses. Past performance is not indicative or a guarantee of future returns.

Track record Narwhal ↓

European Large Cap Equity Fund
• Rating 5 stars in category: EV Europa Large Blend February 2023
• Rating 5 stars in category: EV Europa Large Blend January 2023
• 5-star rating in category: EV Europa Large Blend during 2022

Our pillars ↓

• Financial Method
• Sustainable Investment
• Active Management

MORE INFORMATION ↓

Personal information

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