Sunday, February 15, 2015

The fortunes of the richest grew by 18 percent and exceed … – Yahoo Finance Spain

The fortunes of the richest grew by 18 percent and exceed … – Yahoo Finance Spain

Madrid, February 15 (EFE) .- The equity of some of the largest Spanish fortunes managed through -sociedades Sicav investment capital increased year variable- past 18% and exceeded 4,000 million euros, with an average of 8% appreciation in several cases exceeded 9%.

According to market data collected by Efe, the end of the year, heritage You managed by twelve of the greatest SICAV, which names as well known as Koplowitz, Abelló, Del Pino, Palatchi or Bhavnani participate, rose exactly 4078.1 million euros, compared to 3,454.2 million euros closure 2013.

With regard to profitability, the average yield of these eight companies last year was 8.1%, slightly below the 11.22% which rose in 2013, although four of them exceeded 9%.

A SICAV or investment company with variable capital is a tool primarily used by large fortunes because it allows them to invest some of your money and defer paying taxes by creating of a corporation solely intended to invest in financial assets.

To be a SICAV, you pay a 1% tax on the income and capital gains generated, you must meet certain requirements, such as having at least hundred shareholders and a minimum capital of 2.4 million euros; in the case of a SICAV by compartments, the minimum paid-up capital is 480,000 euros.

With regard to major Spanish Sicav, virtually all increased the value of its assets, but its overall growth was led by the remarkable rise of the company equity Torrenova, linked to the March family, which increased its assets by 47% to 1,093 million euros. Their average yield was 3.51%.

By size, immediately behind Torrenova is located Morinvest, managed by BBVA and repository of assets businesswoman Alicia Koplowitz, which in 2014 reduced its heritage just a 0 , 4%, from 496.9 to 494,900,000 after revalued 5.94%.

Soandres, the SICAV Sandra Ortega Mera, daughter of Amancio Ortega, founder of Inditex, managed assets at the end of last December of 402.5 million euros, 7% more than at the end of 2013; in this period has risen by 7%.

As for Elitia -before Agrippa-, investment vehicle of the Gallardo Ballarat, owners of pharmaceutical Almirall family had in December with assets of 386 million euros, 22.3% more than in December 2013. The revaluation was 9.53% in the year.

The Del Pino family, major shareholders of the construction company Ferrovial and services manages his fortune through various Sicav, among which Allocation and Chart.

The first had in December with assets of 337.8 million euros and has appreciated 9.78% in the year, while the heritage of the second reached 269.1 million after a yield of 7.48%.

With regard to Hernández Calleja, food Ebro Foods, the Sicav Soixa accumulated at the end of December assets of 273.6 million euros, representing a decrease of 2.8% compared to the end of the previous year, with a return of 2.78%.

The investor of Indian origin Ram Bhavnani, known for its investments in the Spanish banking, can boast that, with 224.6 million managed by the Kalyani SICAV has managed revalued over 9% (9.11%), whereas, through Herprisa and Gesprisa, Alberto Palatchi, president of Pronovias, managed over 378 million euros which rose more than 9%.

And through their investment companies Arbarin and Naira, Juan Abelló accumulated equity of EUR 218.6 million, 9% higher than a year earlier; first achieved a return of 9.88%, and the second, of 5.89%.

Below is a table with the name of the SICAV of these great fortunes, heritage million accompanied managed euros at the end of 2014 and in December 2013 and its revaluation during the year:

Equity SICAV December 2014 December 2013%

———– ————————————————-

Torrenova 1,093 744.5 3.51

Morinvest 494.9 496.9 5.94

Soandres 402.5 376.2 6.99

Elitia 386 315.5 9.53

Allocation 337.8 307.7 9.78

Soixa 273.6 281.5 2.78

Chart 269.1 250.4 7.48

Kalyani 224.6 145.4 9.11

Herprisa 207.4 179.4 9.74

Gesprisa 170.6 156 9.39

Arbarin 138.5 125.2 9.88

Naira 80.1 75.5 5.89

———————————————- ———

TOTAL 4078.1 3454.2 8.1

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