Valencia hosts the conference “2023: Challenges and Investment Opportunities” organized by FEBF and Ibercaja

VI Investment Conference

At the beginning of the round table, market prospects and growth forecasts were discussed, and whether we are currently in a context of recession.

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La FEBF e Ibercaja organize VI Investment Conference “2023: Investment Challenges and Opportunities” at the headquarters of the CEU Cardenal Herrera University in Valencia.

At the opening of the event, Myriam Santos-Morán, Territorial Director of Ibercaja in Arco Mediterráneo and Isabel Gimenez, General Director of the FEBF.

At the beginning of the round table, market perspectives and growth forecasts were discussed, and whether we are currently in a context of recession. raquel blazquez, Head of Investment Management at Ibercaja Banca Privada, highlighted how, for the moment, “the most announced recession in history is being avoided, and within the emerging China or India "They offer more opportunities."

Silvia Senra, Member of the Distribution team BlackRock en Spain, Portugal and Andorra, commented that "at BlackRock we think that we are at the end of the era of the Great Moderation, with two different scenarios: developed markets weighed down by the abruptness of monetary policies and emerging markets with an advantage, at the end of the bullish cycle of the dollar."

To Baruc Fernández of DWS Sales “The market is very positive, discounting a slight recession, although at DWS we recommend diversification and we are betting on Europe and defensive sectors. Within Fixed Income, the Investment grade “It offers greater peace of mind in the event of Rating drops.”

For its part, Rocío Iceta, Business Representative Manager of M&G He commented that “there are short-term indicators that point towards a recession, but long-term indicators maintain optimism. The slowdown offers significant differences between geographies” and stated that its manager “is committed to active management as a crucial tool to create portfolios and that in Fixed Income its positioning is defensive, spinning fine lines and including the best in each case.”

Guillermo Serrano, Head of Derivatives and High Yield at Ibercaja Gestión He said that “the worst is over, and inflation is showing certain peaks of relaxation” and added that “in Fixed Income the tone is positive, with very attractive returns that have not been seen for ten years, being able to extend durations and incorporate High yield of high quality", although he commented that "we focus on fundamental analysis as the central axis of management, maintaining caution in Variable Income due to excessive prices."

To end the day, he intervened José Ignacio Corominas, Head of Private and Personal Banking at Ibercaja in Arco Mediterráneo, noted that “the increase in interest rates offers a bit of respite, which helps the most conservative investors, who bet on Fixed Income.”

The different Meeting Forums of the Foundation for Stock Market and Financial Studies (FEBF) share ideas and improvement initiatives between leading professionals and managers, giving visibility to experts and training of interest to investors and SMEs in the Valencian financial center.

Among its activities, the monthly FAPTECH Forum on Asset Advisory, the Financial Education Day, the M&A Observatory, the Cryptoasset and Blockchain Forum, and the Legaltech Conference stand out. In 2023, the FEBF has carried out 20 training actions and 21 interventions in the media.