Quality Funds selected

The BBVA department specializing in funds from international managers offers you this selection

"Learn as you search" is a selection of funds classified by the type of asset, risk and geography.


See the funds highlighted by Quality Funds, how long they have been in this ranking and why they were selected:
  • Pioneer US Fundamental Growth (since 01/02/2018): The Pioneer fund is still a good fund, although it has been replaced by Vontobel US Equity, which is more representative of the category and also offers a somewhat more conservative profile.
  • Vontobel Clean Technology: The Vontobel fund is still a good fund, although it has been replaced by Nordea Global Climate & Environment, which invests in a wide range of themes, and therefore in more sectors and industries.
  • Robeco QI Global Developed Sustainable Enhanced Index Equities (since 06/06/2018): The Robeco fund is still a good fund, but it is being replaced by the Morgan Stanley Global Sustain and AB Sustainable Global Thematic funds, which are more restrictive of the industries they allow.
  • AXA Euro HY Short Dur (since 01/02/2018): andit is a fund that invests in fixed-income securities of high-yield European companies. The investments are focused in short-term bonds, which usually carry a lower risk than this segment's average. It is, therefore, a conservative investment in the world of high-yield securities.
  • Amundi 6M (since 01/02/2018): it is a fund that invests in money market instruments and in short-term debt denominated in euros. It seeks to provide higher returns than those of traditional money market investments in euros by increasing the permitted investment horizon. It has a conservative risk profile, slightly higher than that of a traditional money market fund.
  • BGF Euro Short Duration (since 01/02/2018): it is a short-term European fixed-income fund which combines securities issued by both governments and companies (commonly known as Aggregate bonds) of the eurozone. Its objective is to maximize the investment's returns through capital growth and obtaining returns from the fund's assets.
  • GS EM Debt (since 01/02/2018): this is an emerging market fixed-income fund that invests in bonds issued by governments of emerging countries, as well as companies that have state support. These bonds are mostly denominated in US dollars, euros or pounds sterling. It can also adopt exposure to local debt, corporate debt or currencies of emerging countries that are not part of the index.
  • JPM US Short Duration (since 01/02/2018): it invests in short-term fixed-income securities denominated in U.S. dollars. The objective of the fund is to maximize the returns of the investment (capital and yields) through an optimal combination of securities from different sectors of the U.S. fixed-income market at any given time.
  • BlackRock Fixed Income Strategies* (since 01/02/2018): absolute Return, multi-strategy fund which invests in fixed-income securities and currencies, with a Low risk profile. It seeks absolute positive returns, regardless of the market conditions, without following any reference index. Its returns are produced both by rises in fixed-income assets and currencies (long positions), and in their declines (short positions).
  • Julius Baer Local Emerging (since 01/02/2018): it is an emerging-market fixed-income fund. It offers exposure to the debt market of governments of emerging countries that issue bonds in their local currency, through investing in both local currencies and interest rates. In addition, and to a very limited extent, it can include in the portfolio corporate bonds and issues of supranational agencies and organizations.
  • JPM Global Short Duration (since 05/08/2018): short-term global fixed-income fund, the objective of which is to beat the short-term global bond market. It seeks a distribution of attractive and efficient assets based on an exhaustive fundamental analysis of the companies it wishes to invest in.
  • Nordea Stable Return (since 01/02/2018): this is a balanced global fund that invests in a combination of different assets, including equities, money-market assets, public debt instruments, corporate issues or convertible bonds. It adopts a global approach, mostly focusing on developed countries, although it also maintains exposure to emerging markets. It can also hold currencies other than the Euro in its portfolio.
  • Amundi Bond Global Aggregate (since 05/08/2018): global fixed-income fund. It has a highly-flexible distribution of assets, seeking to take advantage of any opportunity that the fixed-income market has to offer. Its objective is to beat the yield obtained by the reference index.
  • Parvest Bond Euro Government (since 01/02/2018): it is a fixed-income fund that invests in government bonds of the eurozone. Its objective is to increase the value of its assets in the medium term, through a careful investment process predominated by fundamental analysis of the European macroeconomic environment.
  • Pimco Global Investment Grade (since 01/02/2018): it is a fixed-income fund that invests mostly in investment-grade corporate bonds. It applies a global approach, has a diversified portfolio and is actively managed, all overseen by a team with extensive experience.
  • Henderson Gartmore UK Absolute Return (since 01/02/2018): this is an Absolute Return "long short" fund (equities fund with a dynamic exposure) with a High risk profile. It seeks absolute positive returns, regardless of the market conditions, without following any reference index. Its returns are produced both by rises in stocks (long positions), and in their declines (short positions).
  • MFS Global Total Return. (since 01/02/2018): global balanced fund which invests in a diversified portfolio that includes stocks and bonds of different geographical areas, mostly of developed countries. It focuses on high-capitalization and high-quality equity securities that are undervalued. Within fixed-income securities, it invests mostly in investment-grade issues of both corporate and government debt.
  • Robeco High Yield (since 01/02/2018): it is an actively-managed fixed-income fund that invests mostly in high-yield bonds of companies with a medium and low credit rating, adopting a conservative, cautious style and focusing on quality in the long term.
  • Goldman Sachs Japan Portfolio (since 01/02/2018): it is a fund that invests in stocks of large and medium-sized Japanese companies. Its portfolio is made up of between 60 and 120 securities. It is managed by a team with very good knowledge of Japanese companies, meaning that its returns are similar in the long term to those of the Japanese stock market as a whole.
  • Invesco Pan European Equity (since 01/02/2018): it is a fund that invests in the stock of large European corporations. Its portfolio is made up of between 60 and 90 securities. Its two managers look for companies whose growth expectations are not yet reflected in their price. In practice, this translates into a somewhat more aggressive profile than that of the European stock market.
  • MFS European Research (since 01/02/2018): it is a fund that invests in stocks of large and medium-sized European companies, although mostly in large ones. Its portfolio is made up of between 60 and 90 securities. Its management team, made up of analysts, looks for high-quality companies. In practice, this translates into a somewhat more conservative profile than that of the European stock market.
  • MFS Meridian Global Equity (since 01/02/2018): this fund is representative of investment in global equities. It invests in a diversified portfolio of between 80 and 120 companies, mostly large in size. It pays close attention to the quality of the companies, meaning that the fund performs relatively better than comparable funds in bear markets, while accompanying bull markets in their growth.
  • Pioneer US Fundamental Growth (since 01/02/2018): this is a fund that invests in large US corporations. The portfolio will have between 30 and 50 high-quality stocks, hence we expect it to obtain a better return than that of the market if it falls.
  • Robeco US Premium (since 01/02/2018): this fund invests in large, medium and small-sized US companies, the first of which will have a greater representation in its portfolio. The portfolio is highly diversified (80-120 stocks). It is an option that is representative of the North American market.
  • Schroder ISF Emerging Markets (since 01/02/2018): this fund is representative of investment in emerging market equities. It invests in a diversified portfolio consisting of between 90 and 130 companies, mostly large in size.

Investment funds that have been removed from Quality Funds:

  • GAM Multistock Japan Equity (since 01/02/2018): it is a fund that invests in stocks of large and medium-sized Japanese companies. Its portfolio is made up of between 100 and 130 securities. The fund consists of two separate portfolios with two different strategies. This diversification helps the fund to obtain a good result compared to the Japanese stock market in the long term.

Reason for removal: The GAM fund is still a good fund, but due to the significant reduction in its level of assets under management in recent months, we have decided to look for a better alternative.

  • Robeco BP Global Premium Equities (since 01/02/2018): this fund is representative of investment in global equities. It invests in a diversified portfolio consisting of between 70 and 135 companies of all sizes. Being closely linked to companies' valuations means that its best scenario is when the markets are bullish.

Reason for removal: Loss of consistency due to the discreet trend in its profitability after shifting its position to more of a value style at levels not seen in the past since being taken over by the new management team (2008).

  • Old Mutual Global Equity Absolute Return (from 01/02/2018 to 04/12/2019): this is an Absolute Return "equity market neutral" fund (an equity fund without exposure to the market) with a Medium risk profile. It seeks absolute positive returns, regardless of the market conditions, without following any reference index. Its returns are produced both by rises in stocks (long positions), and in their declines (short positions).

Reason for removal: the Merian fund continues to be a good fund, but due to the loss of consistency in the generation of returns since its launch, we have decided to look for a better alternative.

*The CIIs managed by Blackrock INC. together they have a joint shareholding that exceeds 5% of the total share capital issued by BBVA S.A.

"My investment ideas" gathers funds dedicated to topics such as robotics, clean technology, security and sustainability.


See the funds highlighted by Quality Funds, how long they have been in this ranking and why they were selected:
 
  • BSF Americas Diversified Equity Absolute Return (since 01/02/2018): this is an Absolute Return "equity market neutral" fund (an equity fund without exposure to the market) with a High risk profile. It seeks absolute positive returns, regardless of the market conditions, without following any reference index, using "Big Data" techniques. Its returns are produced both by rises in stocks (long positions), and in their declines (short positions).
  • Axa Robotics (since 01/02/2018): this is a fund that applies a themed approach, investing only in companies related to robotics
  • BGF World Gold (since 01/02/2018): this is a fund that invests in companies dedicated to the gold business, especially gold-mining companies. Companies of this kind are highly sensitive to the price of physical gold, both in its positive and negative fluctuations. A large part of the portfolio is invested in medium and small-sized companies.
  • Pictet Security (since 01/02/2018): this is a fund that applies a themed approach, investing only in companies related to safety and security, in terms of both physical safety and computer security. A large part of the portfolio is invested in medium and small-sized companies.
  • Robeco Global Consumer Trends (since 01/02/2018): it is a fund that applies a themed approach, investing only in companies that benefit from the growth of consumption at a global level, and generally investing in large companies.
  • Robeco New World Financing (since 01/02/2018): this fund applies a themed approach within the finance sector, since it invests in new trends that are emerging in the sector such as digitization (Fintech), the aging of the population, and the growth of the emerging markets. 
  • MS Global Balanced Income (since 01/02/2018): it is a balanced global fund that offers a combination of different assets, including equities, public debt instruments, corporate issues, raw materials and infrastructures. It can also adopt exposures to currencies other than its base currency, the euro. It focuses mostly on developed countries, and may adopt exposure to emerging markets to a lesser extent.
  • Vontobel Clean Technology (since 01/02/2018): the manager of the fund has been involved in it ever since its launch and has prior experience in investing in this field. Over the long term, it is the fund that has produced the best results relative to other comparable funds.

Investment funds that have been removed from Quality Funds:

  • Schroder ISF Global Climate Change (from 01/02/2018 to 05/04/2019): this is a fund that applies a themed approach, investing in companies of all sizes that benefit from the efforts carried out to adapt or mitigate the effects of climate change at a global level.

Reason for removal: the fund by Schroders remains a good fund, although it has been superseded by Vontobel Clean Technology, which has shown a better historical performance and has a greater focus on the theme of climate change.

  • Candriam SRI Equity World (from 01/02/2018 to 06/06/2019): this is a fund representative of investment in global equities as a whole, but with a socially responsible investment approach. It invests in a diversified portfolio which will have around 220 large, medium and small-sized companies. It invests in all market sectors, but in each of them it only invests in companies with a high sustainability rating assigned by the manager. 

Reason for removal: the Candriam fund continues to be a good fund and with high standards in relation to socially responsible investment (SRI), although an alternative fund has been selected and added that has a better historical performance with a similar level of commitment to SRI.