Comments on football takeovers from MAPFRE fund manager
As investor interest in football clubs jumped recently following the takeover of Newcastle United Football Club by a consortium involving the Saudi Public Investment Fund, PCP Capital Partners and RB Sports & Media, you may find the following comments from Luis García Álvarez, CFA, Portfolio Manager of the MAPFRE AM Behavioral Fund of interest.
22 OCT, 2021
By Luis Garcia
Share
The Behavioural Fund has just reported a 3-year return of more than 35%, having made investments into three European clubs: Olympique Lyonnais in France, AFC Ajax in the Netherlands, and Borussia Dortmund in Germany. The Behavioural Fund invests in European equity. 25% of the portfolio remains invested in the sports industry, with 10% dedicated to professional football teams.
Football is a sport with a significant emotional component. Is it a good idea to apply those strong feelings to investment decisions?
Granolas Stocks: what they are and differences with the Magnificent 7
