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BestinfondMutual Fund | |
Bestinfond | |
Last update 2024-08-07 | 49 Stocks (11 new) |
Value $1.11 Bil | Turnover 23 % |
Portfolio Report |
Bestinfond Profile
Bestinfond was run by Francisco Garcia Parames until Sept. 2014. After obtaining his MBA at IESE (in 1989), Parames joined Bestinver, where after 2 years as an analyst of Spanish stocks, he began to manage portfolios and funds. His career as an investment manager can be summarized quickly given the yield obtained by his Spanish equity funds: 17.9% per annum in the period January 1993 - June 2009, equivalent to an accumulated increase of 1,538%, compared to 464% obtained by the reference index (IGBM, Madrid Stock Market General Index).
Bestinfond Investing Philosophy
Bestinfond invests up to 100% in global equities,mainly in European companies. The investment team selects good businesses, with long-term sustainable competitive advantages and that are well managed. Once identified, they wait patiently for the market to allow them to acquire a stake in the company at the desired price, which will always be significantly lower than the intrinsic value of the company.
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