Alberto Roldán, director at GBS Finanzas Investcapital AV (GBS Finance), in an opinion piece published by Funds People, affirms that “the different adjustment processes across interest rates is what alters portfolio structure, forcing us fund managers to make decisions contrary to what would be a more efficient design if it were based off expected average returns “. He justifies this opinion by pointing to the economic uncertainty experienced in 2018, and it seems that such uncertainty will remain in 2019.

The president of Finance of GBS, Pedro Gómez de Baeza notes that, “There is an excess of financial regulation”, which makes it more difficult to operate, during an interview with Actualidad Económica, the economic supplement of El Mundo. However, in the same interview which reviewed the activities and projects of the company which he presides over, he also addressed the economic situation in general and adds that “companies perform reasonably well.”

The Finance Director of GBS Alberto Roldán believes that the 2019 exercise should be better for actively managed funds than passive ones and predicts that small caps “will start to offer better performance relative to other categories”. The manager of GBS Finance made these statements through excerpts sent to and published by Bolsamania about the expectations of private banking analysts this year.