The Family Businesses Fund is a traditional actively managed global equity investment fund which invests in listed companies linked to family groups. The Family Businesses Fund March International Key Advantage Why Invest? What is The Family Businesses Fund? Agreement with the IE Business School As a defensive global equity strategy, it contributes to diversify the risk of your investments. Companies which remain tied to their family managers in general achieve better returns in times of incertitude. Due to their natural characteristics, these companies tend to be managed with a more conservative and prudent mindset. This strategy is closely linked with the DNA of the March Group: as a family group which is still owned 100% by its founding family and has great affinity and experience in investing in this kind of companies. As the result of the active management and fundamental analysis conducted by the investment team at March A.M. , the fund will invest globally in family companies that represent an interesting investment case. Furthermore, due to the defensive characteristics of these companies, The Family Businesses Fund may also be considered as an attractive diversifying strategy for your overall portfolio. Managed by a established and highly recognised investment team. It’s the first traditional, global equity investment fund which invests in listed companies related to family groups which fulfill at least one of the following characteristics: March AM and the IE Business School have signed a cooperation agreement to conduct research on family businesses.The result is a combination of March A.M.’s asset management expertise with the academic work conducted by the IE Business School analysts. · More than 25% of ownership is held by a single family. · There is a willingness to transmit ownership to the next generation. · A single family group effectively controls the business. · At least a family member is involved in the top management of the company. On an annual basis, we will publish the research papers of the Banca March – IE Business School study on family businesses, such as the last publshed study “Corporate Government in family companies”
Transcript
The Family Businesses Fund is a traditional actively managed global equity investment fund which invests in listed companies linked to family groups.
Principales ventajas Estrategia global de inversión de carácter de-fensivo, ayuda a diversificar el riesgo de sus inversiones.
Las compañías que siguen ligadas a sus fami-lias gestoras obtienen por lo general un mejor comportamiento en épocas de incertidumbre.
Por naturaleza, son companías gestionadas desde una perspectiva más cauta y prudente.
Esta estrategia está muy relacionada con el ADN del Grupo March, como empresa fa-miliar que sigue perteneciendo al 100% a su familia fundadora, por lo que tiene mucha afinidad y experiencia a la hora de invertir en este tipo de compañías.
Acuerdo conel IE BusinessSchool
MGF y el IE Business School han firmado unacuerdo de colaboración para realizar estudios de investigación sobre empresas familiares.
Así, a la experiencia en gestión de activos de MGF se une la aportación académica de inves-tigadores del IE.
Anualmente se publicarán las conclusio-nes del estudio Banca March – IE Business School sobre la empresa familiar, como el recientemente publicado “La creación de valor en la empresa familiar europea cotizada (2001-2010)”.
¿Qué es MarchThe FamilyBusinesses Fund?
Es el primer fondo de inversión tradicional de Renta Variable Global que invierte en compañías cotizadas relacionadas con gru-pos familiares que cumplen por lo menos alguno de los siguientes principios:
· Más del 25% está en manos de una familia.· Hay un deseo de transferir la compañía a la
siguiente generación.· Un único grupo familiar controla el negocio.· Al menos un miembro de la familia está invo-
lucrado en la alta dirección de la compañía.
¿Por qué invertir? A través de la gestión activa y el análisis fundamental realizado por March Gestión, March The Family Businesses Fund invierte a nivel global en las compañías familiares que representan una buena oportunidad de inversión.
Además, dadas las características defen-sivas de este tipo de compañías, March The
Family Business Fund puede ser una intere-sante herramienta de diversificación den-tro de su cartera de inversiones.
Gestionado por un equipo de gran experien-cia y máximas clasificaciones
March The Family Businesses FundMarch International
March The Family Businesses Fund es un fondo de inversión tradicional de renta variable global que invierte en compañías cotizadas gestionadas por grupos familiares.
The Family Businesses FundMarch International
Key Advantage
Why Invest?
What is The Family Businesses Fund?
Agreement with the IE Business School
As a defensive global equity strategy, it contributes to diversify the risk of your investments. Companies which remain tied to their family managers in general achieve better returns in times of incertitude. Due to their natural characteristics, these companies tend to be managed with a more conservative and prudent mindset.
This strategy is closely linked with the DNA of the March Group: as a family group which is still owned 100% by its founding family and has great affinity and experience in investing in this kind of companies.
As the result of the active management and fundamental analysis conducted by the investment team at March A.M. , the fund will invest globally in family companies that represent an interesting investment case.
Furthermore, due to the defensive characteristics of these companies, The Family Businesses Fund may also be considered as an attractive diversifying strategy for your overall portfolio.
Managed by a established and highly recognised investment team.
It’s the first traditional, global equity investment fund which invests in listed companies related to family groups which fulfill at least one of the following characteristics:
March AM and the IE Business School have signed a cooperation agreement to conduct research on family businesses.The result is a combination of March A.M.’s asset management expertise with the academic work conducted by the IE Business School analysts.
· More than 25% of ownership is held by a single family. · There is a willingness to transmit ownership to the next generation. · A single family group effectively controls the business. · At least a family member is involved in the top management of the company.
On an annual basis, we will publish the research papers of the Banca March – IE Business School study on family businesses, such as the last publshed study “Corporate Governmentin family companies”
The Investment Committee, participated by all investment professionals of March A.M., will analyse the economic and financial environment and the investment strategy will be defined therein.
As active value investors, we conduct a disciplined fundamental analysis of com-panies, searching for those that will give us a superior return potential in the medium-long term.
We are conviction investors, holding between 30 - 50 stocks in our portfolios, with a low turnover and we do not follow benchmarks.
Investment Management Team
Equity Investment Process
The Family Businesses Fund
Fund DetailsUCITS IV Luxembourg Sicav
ISINLU0701410861Class A EUR*
CurrencyEUR
BenchmarkMSCI World Local Currency
LiquidityDaily
Annual Management Fee2,0%
Fund Launch Date29 December 2011
Investment ManagerMarch A.M.
AdministratorEdmond de Rothschild Asset Management (Luxembourg)
CustodianEdmond de Rothschild (Europe)
STYLE
PASSIVE VALUE BLEND GROWTH
MA
RK
ET C
AP.
LOW
MEDIUM
HIGH
ALL
Investment Horizon
1 2 3 4 5 6 7
Risk Level
LOW MEDIUM LOW MEDIUM MEDIUM
HIGH HIGH
This document is for information purposes only and does not constitute a financial promotion or other financial, professional or investment advice in any way to invest in the fund March International The Family Businesses Fund (the “Fund”). No part of this document should be considered a recommendation or a suggestion of a financial, fiscal, legal or of any other nature. The Fund is a sub-fund of March International SICAV which is registered in Luxembourg, Spain, Italy, Austria, Germany and United Kingdom. Investment in shares of the Fund must be conducted in accordance with the Prospectus and other legal documentation of the Fund. Investors must remember that investing in the Fund entails risks (please consult the Prospectus for a more information on risks). Please bear in mind that past performance is not necessarily a guide to future performance.
March A.M. - Castelló, 74, 28006 MadridHead of Sales - Lorenzo Parages Revertera - [email protected]
At March A.M. we are specialised in global stock picking and tactical asset allocation
* Other share classes available. Please consult the March International Prospectus or your distributor.
Francisco Javier Pérez FernándezHead of Global Equity
An Economics graduate from the Universidad Complutense, he is also a Certified European Financial Analyst. Javier began his professional career in Crédit Lyonnais and later at Banco Banif where he was responsible for Global Equity trading before joining March A.M. at 2000 as Portfolio Manager and Head of Global Equities. Javier has been ranked AA portfolio manager by Citywire and the best Spanish Global Equity fund manager during the last 3 years by the financial publication Inversión.
Antonio López SilvestreHead of Spanish and European Equity
MBA from the IESE-Universidad de Navarra and an Economics and Business Graduate from the Universidad Complutense of Madrid, he began his professional career at Beta Capital SVB – Fortis Bank España covering the infrastructure and cyclical sectors, later becoming Head of Research and in charge of the Spanish utilities sector. Before joining March A.M., he worked for Exane BNP Paribas as Director of Spanish MidCaps and Head of the Spanish Branch.
