Over the last ten years, it has achieved an average return of 5.21%, representing a cumulative increase of 36.23% above the CPI.
Madrid, 29 April 2016. Loreto Mutua, a non-profit organisation and one of the top ten institutions dedicated to social welfare in Spain in terms of the volume of assets under management, obtained a return in 2015 of 4.18% – an average return of 5.21% and an accumulated increase of 36.23% above the CPI over the past ten years.
It closed the year with more than €1.353 billion in assets and a solvency margin surplus of more than €11 million. Since 2001, the year in which it went from collective to individual capitalisation, it has recorded an average yield of 5.69%, and growth above the CPI of 52.97%.
Pedro Alonso, the Chairman of Loreto Mutua said “2015 was a very difficult year for financial markets due to the moderation in global growth, however, we once again fulfilled our commitment to profitability for the members of our mutual benefit fund. These results confirm that the strategy laid down is appropriate, and that our efficient, prudent and responsible management allows us to grow in a steady and sustainable manner.”
Meanwhile, Loreto Óptima (1.22%), the company’s personal plan and the associated mutual benefit plan (1.42%) have exceeded the average profitability of the mixed fixed income market, which stood at 0.78% in 2015.