Miralta
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 ↓
56.25 %Since inception
172.236338€
Net asset value* as at2025-01-17
1.04%
Daily valuation
- YTD
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2.71%
- 22.12%
- 19.75%
- -11.29%
- 12.70%
- 16.73%
- 8.12%
- -11.27%
DETAILS OF THE FUND ↓
EVOLUTION OF THE NET ASSET VALUE
HISTORIC class A FUND – Data as at close of business 12/31/2024. 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 corrections experienced during December in gold and Bitcoin have weighed on the fund’s performance, which has given up part of the gains achieved in previousweeks; the increase in real interest rates above 2.10%, as nominal rates converge toward the pace of economic growth (±5%), has once again weighed on equityindices. During the month, we took partial profits again in positions related to gold, crypto assets, and artificial intelligence.
On the other hand, we have also increasedour exposure to renewables in Europe, particularly wind energy, where we believe current valuations are becoming highly attractive in companies like Vestas and Orsted. We have also resumed exposure to Spanish homebuilders and rotated part of our banking exposure toward asset managers, which we believe could be amongthe main beneficiaries of investors returning to the continent due to the political shift.
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 €
- ERNST & YOUNG, S.L.
CLASS A DETAILS
- Net asset value* as at 2025-01-17
- Variation of the net asset value as at 2025-01-17
- Fund assets as at 2025-01-17
- BASIC RETURNS
- 1 day
- YTD
- 1 month
- Since inception
- 172.236338€
- 1.04%
- 12,392,311.65€
- 1.04%
- 2.71%
- 2.71%
- 56.25%
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 12/31/2024. 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 Narval ↓
European Large Cap Equity Fund
• 5-star rating in category: Europe Large-Cap Blend Equity (4/12/2024)
• Best 1, 3 and 5 Year Europe Large-Cap Blend 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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