Bestinver reduces its investment in banking and buys Digi and Meliá
Los bancos comienzan a ceder protagonismo en las carteras de los grandes inversores. Leer
Bestinver, a Spanish investment firm, has reduced its holdings in domestic banks from 29% to 24% in the last three months, citing a sector weight of over 40% in the Ibex 35 index. Despite this, Ricardo Seixas, head of Iberian equities at Bestinver, remains optimistic about the sector's prospects, citing low non-performing loans, expected interest margin growth, and a strong sector.
The firm has also sold shares in Inditex and invested in Meliá and Digi, a telecoms operator that recently floated on the stock market. Bestinver's international portfolio has increased its exposure to the construction sector, with new stakes in US and UK companies.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
