Santander aims to be Nº3 in property fund management

 In Funds, News

The Spanish banking group’s Santander Asset Management aims to become the
third largest real estate fund management entity in Portugal according to Funds People.

Santander Asset Management (SAM) enjoyed a year of “consolidation and strong results, with an increase in the volume of assets under management as a result and an increase in its commercial activity.
This has enabled it to guarantee and exceed obligations with investors and the shareholder according to the annual report.
For 2021 an extremely ambitious budget was drawn up both in commercial and expected results which were the best in SAM’s history. Despite being in fourth position in the market, the company managed to exceed forecasts in terms of net fund sales netted in a commercially more advantageous offer which allowed for higher net commissions”, the fund manager states.
Received commissions grew 14.36% to €16.54 million while net commissions closed the year at €5.9 million. This increase of 28% on 2020 came on the back of “a mixed product offer with greater value for the client within the current low interest climate”.
The results for 2021 stood at €5.41 million compared to €2.95 million in 2020. According to Rankia, among best real estate investment funds in Portugal are CA Património Crescente, Fundimo (Nº2), Imofomento, Valores e Investimentos Prediais – VIP, AF Portfolio Imobiliário, Valor Prime, Imofid, NB Património, Corum Origin and Corum XL.