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Asset management

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BANKIA HAS A COMMITMENT TO SOCIALLY RESPONSIBLE INVESTMENT AND TAKES EXTRA-FINANCIAL CRITERIA INTO ACCOUNT IN ITS DECISIONS.

Despite the adverse market trend, Bankia continues to win the trust of its customers, with a widening product range and responsible investment criteria.

BANKIA FUNDS

With 17,212 million euros of assets under management, 98% of which is in mutual funds, Bankia Fondos has an extensive catalogue, with products in all categories (fixed-income, equity, mixed, guaranteed, absolute return, passively managed).

In April 2018, the ‘Bankia Gestión Experta’ service was launched throughout the commercial network. This service allows customers to delegate their investment in mutual funds to Bankia, conveniently and simply, with full, transparent reporting in compliance with MIFID II requirements. As of year-end, ‘Bankia Gestión Experta’ already managed 54,655 portfolios and 2,106 million euros of assets.

Noteworthy new products include two guaranteed funds, totalling 450 million euros, which aroused great interest and were fully subscribed within days.

The highlights at corporate level were the satisfactory transfer to Bankia Fondos of the mutual funds previously managed by TREA and marketed by BMN, with assets of 1,618 million euros.

Bankia Fondos has established itself as the fourth largest Spanish fund manager, after ending the year with net inflows of 921 million euros and a market share of 6.55%, according to the Spanish Association of Investment and Pension Funds (Inverco).

The assets managed by the 41 open-ended investment companies (SICAV) administered by Bankia amounted to 221 million euros.

PENSION PLANS

Bankia has 7,999 million euros of assets distributed across individual, employer and associated pension plans, always following the principle of maximum product customisation to suit each customer’s needs and retirement horizon.

In November the pension plans received from BMN (Caja Granada Vida and Caja Murcia Vida), totalling 669.4 million euros, were integrated in Bankia Pensiones.

Net new investments in personal pension plans exceeded 90 million euros, driven partly by good withdrawal figures and the launch of a guaranteed pension plan that ended 2018 with 75 million euros.

The market share in personal pension plans was 8.17% at 31 December 2018.

NEW ‘BANKIA ASSET MANAGEMENT’ BRAND

The Group has launched the ‘Bankia Asset Management’ brand, a new flagship brand that encompasses all the collective investment management activities aimed at both retail and institutional clients.

The purpose is to create a specific asset management image for the group, linked to Bankia, that is recognised both by the bank’s distribution network and by customers.

However, the new brand does not entail any change in company name for Bankia Fondos and Bankia Pensiones, which will continue to exist as mutual fund and pension fund management companies, respectively.

INVESTMENT UNDER ESG CRITERIA

Bankia Asset Management is committed to socially responsible investment (SRI) and works continuously to integrate extra-financial criteria in its investment decisions, going beyond legal requirements.

In 2018 once again the extent to which ESG (environmental, social and corporate governance) criteria are taken into account in investment decisions was increased, extending coverage of the assets, which already stands at almost 100% in equity instruments and is rising in fixed-income securities and third-party funds.

The commitment to ESG investing was demonstrated by the approval last year of a socially responsible investment policy for Bankia Pensiones, in line with the bank’s standards.

IN 2018, EFFORTS WERE FOCUSED ON ACQUIRING NEW INSTITUTIONAL CUSTOMERS IN THE 'BANKIA FUTURO SOSTENIBLE' FUND

The only occupational pension plan that took extra-financial criteria into account in investment decision making was the Bankia Group’s Employees Fund; however, those criteria have been extended to all the occupational pension plans managed by Bankia Pensiones.

Throughout 2018 major marketing actions were carried out to acquire new institutional customers in the ‘Bankia Futuro Sostenible’ fund, which already has consolidated assets of 10 million euros. At the same time, a substantial investment was made in communication through the specialised press to generate awareness of the fund’s particular characteristics.

Among the challenges for 2019 is the need to update the internal voting policy to allow more active participation in the shareholders meetings of a larger number of companies and to approach the companies’ management teams with a view to influencing their decisions in terms of environmental, social and governance impact.


€918.9
MILLION

VOLUME OF ASSETS MANAGED UNDER ESG CRITERIA

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HIGHLIGHTS 2018

Bankia is set double the volume of its personalised advice service to digital customers by 2020

Bankia is set double the volume of its personalised advice service to digital customers by 2020

Read more

Bankia strengthens its position as Spain’s fourth largest mutual fund manager, with nearly 17,000 million euros

Bankia strengthens its position as Spain’s fourth largest mutual fund manager, with nearly 17,000 million euros

Read more

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