What CaixaBank Asset Management does

CaixaBank Asset Management SGIIC, S.A.U. is a Madrid-headquartered asset management company and wholly-owned subsidiary of CaixaBank Group, operating in the Spanish market for over 35 years (founded circa 1990). The company manages mutual funds and discretionary portfolios under two main verticals: the Gama SI Soluciones de Impacto sustainable/impact fund range (mixed, fixed income, and equity funds) and the Gestión Discrecional (Discretionary Management) service, which constructs customized portfolios aligned to investor suitability profiles. Distribution is primarily through the CaixaBank branch network across Spain, supplemented by digital channels (Fund Search tool) and the company's research and market outlook publications (Monthly House View, Roadmap, Opinion Forum, Market Summary). The company extends its reach internationally through two wholly-owned subsidiaries: BPI Gestão de Ativos (Portugal, distributed via Banco BPI) and CaixaBank Asset Management Luxembourg, serving European institutional clients.

The business model is recurring-fee-based, generating revenue from management fees on €115.261B in assets under management and advisory (as of 31/12/2025), making the company a leader in Spanish mutual fund and discretionary management. The investment process is anchored in ESG integration, aligned with SFDR (2019/2088), UNPRI (signed 2016), and the UN Global Compact (joined 2011), with a proprietary dual materiality analysis framework covering 16 material topics. Product and client segments include retail investors (individual/HNW), institutional investors, and corporate clients (including SICAVs and corporate treasury management), served by 270 employees across specialized teams in Fixed Income, Equities, Open Architecture, SICAV, and Discretionary Portfolios. Quality credentials include ISO 14001, ISO 37001, UNE 19601, UNE-ISO 37301, and the EFQM 600 Seal (first Spanish and European fund manager to receive this). The 2025-2027 Strategic Plan, launched with a new organizational structure in April 2026, emphasizes growth, transformation, and sustainability leadership.

Name

CaixaBank Asset Management

Legal name

CaixaBank Asset Management SGIIC, S.A.U.

Website

https://caixabankassetmanagement.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

101–250 employees

Short description

CaixaBank Asset Management is a Madrid-based, wholly-owned subsidiary of CaixaBank Group managing €115.261B in mutual funds and discretionary portfolios for retail, institutional, and corporate clients across Spain, Portugal, and Luxembourg, with a leading position in Spanish sustainable investment.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282)

akta.pro primary industry

Values-Based/ESG & Impact-Focused RIAs (FSAAACAK)

akta.pro secondary industries

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG), ESG/Sustainable Investment Advisory (FSAEAAAJ)

Keywords

• Asset management services
• Investment fund management
• Discretionary portfolio management
• Sustainable investment funds
• ESG investment solutions

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Investment Fund Management Fees: Management fees charged on mutual funds (fondos de inversión) managed by the company. The company is a leader in mutual fund management in Spain with €115.261M under management.
2. Discretionary Portfolio Management (GDC): Discretionary management services provided under portfolio management contracts, subject to suitability evaluations. Revenue generated through management fees on assets under discretionary management.
3. Investment Advisory Services: Advisory services provided to clients, contributing to the total €115.261M under management and advisory.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

CaixaBank Asset Management is the asset management arm of CaixaBank Group, managing investment funds (including the Gama SI Soluciones de Impacto sustainable impact range) and providing discretionary portfolio management and investment advisory services to retail, institutional, and corporate clients. The firm integrates ESG criteria across all investment decisions, manages €115.261 billion in assets under management and advisory (as of 31/12/2025), and distributes its products primarily through the parent bank's Spanish branch network and online platforms, with international reach through subsidiaries in Portugal and Luxembourg.

Product overview

CaixaBank Asset Management operates as an asset management company under Grupo CaixaBank, offering a diversified portfolio of investment products and services. The core offerings include the Gama SI Soluciones de Impacto line of sustainable/impact investment funds (comprising mixed funds with varying equity allocations, fixed income funds, and equity funds), a Discretionary Management service for personalized portfolio management, and a Fund Search tool for fund discovery. Supporting these are research and market outlook services including the Monthly House View, Investment Roadmap, Opinion Forum, and Market Summary. The company also provides financial education content through its Sustainability section. The product architecture centers on sustainable investment solutions integrated with discretionary portfolio management, supported by market intelligence content.

Differentiator

Problem solved

Functional benefit

Brands

• Gama SI (Soluciones de Impacto): Sustainable and impact investment fund range including CaixaBank SI Impacto 0/30 RV, FI; CaixaBank SI Impacto 0/60 RV, FI; CaixaBank SI Impacto 50/100 RV, FI; CaixaBank SI Impacto Renta Fija, FI; and MicroBank SI Impacto Renta Variable, FI
• Gestión Discrecional

Products and services

• Gama SI Soluciones de Impacto A suite of sustainable and impact investment funds incorporating environmental, social, and governance (ESG) criteria, including mixed funds (0/30, 0/60, 50/100 equity allocations), a fixed income fund (CaixaBank SI Impacto Renta Fija, FI), and an equity fund (MicroBank SI Impacto Renta Variable, FI). Targeted at investors seeking measurable impact outcomes alongside financial returns.
• Gestión Discrecional (Discretionary Portfolio Management) A discretionary portfolio management service in which clients delegate investment decisions to CaixaBank Asset Management. The service adapts to each investor's risk profile through suitability assessments, creating customized and flexible portfolios using diverse instruments across asset classes.
• Investment Advisory Services Investment advisory services provided to clients, contributing to the €115.261B under management and advisory.
• Two new multi-currency funds Two new multi-currency funds launched to strengthen alliances with international firms and broaden the firm's investment fund offering.

Quantifiable outcome

• Leader in investment fund management and discretionary management in Spain
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

15 partnerships are on record, tiered core and minor.

• CaixaBank AM Organizational RestructuringcoreOthers · 27 April 2026CaixaBank Asset Management announced a new organizational structure in April 2026, creating a more agile and technology-oriented organization as part of the 2025-2027 Strategic Plan.
• Universidad Pontificia ComillasminorStrategic or Co-development Partner · 2 March 2026Partnership through the Observatory of Sustainable Finance (Observatorio de Finanzas Sostenibles), renewed in March 2026 to advance research and education in sustainable finance.
• CNMV Code of Good PracticescoreStrategic or Co-development Partner · 20 December 2023CaixaBank AM's Board approved adhesion to the CNMV Code of Good Practices for Investors in December 2023, demonstrating commitment to investor protection standards.
• BPI Gestão de AtivoscoreOthersSubsidiary asset management company in Portugal operating as part of Banco BPI network. Contributes to the group's international presence and cross-border services.
• CaixaBank AM LuxembourgcoreOthersLuxembourg-based subsidiary serving the European market and providing international fund management capabilities.
• Spring InitiativeminorStrategic or Co-development PartnerInitiative promoted by UNPRI on nature. CaixaBank AM joined as signatory, publicly supporting the investor declaration on nature conservation in investment activities.
• Climate Action 100+minorStrategic or Co-development PartnerGlobal investor engagement initiative focused on climate change. CaixaBank AM joined as signatory to engage with companies on climate commitments.
• Advance InitiativeminorStrategic or Co-development PartnerInitiative led by UNPRI promoting responsible investment practices. CaixaBank AM participates in collaborative engagement activities.
• UNPRI (Principles for Responsible Investment)coreStrategic or Co-development PartnerCaixaBank AM signed the Principles for Responsible Investment in 2016, demonstrating commitment to incorporating ESG factors into investment decisions and stewardship practices.
• UN Global Compact (Pacto Mundial)coreStrategic or Co-development PartnerFormal adhesion in 2011. Commitment to ten principles related to Human Rights, Labor Rights, Environment, and Anti-Corruption, aligned with UN Sustainable Development Goals.
• Transition Pathway Initiative (TPI)minorStrategic or Co-development PartnerGlobal initiative allowing investors to assess corporate performance and progress toward low-carbon economy using internationally agreed benchmarks.
• Investor AgendaminorStrategic or Co-development PartnerCollaborative initiative engaging with governments on climate policy. CaixaBank AM participates in policy advocacy efforts.
• Collaborative Dialogue with GIS GovernmentsminorStrategic or Co-development PartnerCollaborative dialogue initiative requesting world governments to adopt appropriate climate policies aligned with identified milestones.
• Corporate Action on DeforestationminorStrategic or Co-development PartnerInvestor statement on deforestation and forest fires in the Amazon. CaixaBank AM participates in corporate engagement on environmental issues.
• Spanish Network of UN Global Compact (Pacto Mundial)coreStrategic or Co-development PartnerActive member of the Spanish Network of UN Global Compact, joining over 12,000 members across 160 countries implementing responsible practices.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Allianz Global Investors: Global asset manager with strong European fund presence. Overlaps with CaixaBank AM in active fixed income, equity, and ESG-related product categories distributed through Spanish and European channels.
• BlackRock: Global asset management leader with significant Spanish institutional presence. Competes in the institutional and increasingly retail (through iShares ETF) segments that overlap with CaixaBank AM's offerings.
• Amundi: Europe's largest asset manager with major presence in Spain. While broader in scope, Amundi competes with CaixaBank AM in mutual funds, ESG strategies, and institutional mandates across Iberia.

Emerging players

• Schroders: Global asset manager with growing Iberia presence. Like CaixaBank AM, Schroders has emphasized ESG integration and competes for institutional and high-net-worth mandates in Spain and Portugal.

Direct peers

• BBVA Asset Management: Asset management arm of BBVA, another major Spanish bank. Directly competes with CaixaBank AM in retail mutual funds and discretionary management in Spain, with similar ESG product offerings and branch-based distribution.
• Mutuactivos (Moraweitza Group): Spanish asset management firm with strong retail and institutional presence in Spain. Direct competitor in mutual funds, discretionary management, and ESG strategies within the Spanish market.
• Santander Asset Management: Asset management arm of Banco Santander, the other Spanish banking giant. Directly competes with CaixaBank AM in Spanish mutual funds, discretionary management, and ESG products, with comparable distribution via Santander's branch network.
• Bankinter Asset Management: Spanish asset manager owned by Bankinter. Competes directly with CaixaBank AM in Spanish mutual funds and discretionary portfolio management, with a strong ESG/sustainable investing focus.

Regional players

• Kutxabank Gestión: Asset management arm of Kutxabank, a Basque Country-based Spanish bank. Comparable to CaixaBank AM in distributing mutual funds and discretionary portfolios through a regional bank network.
• Ibercaja Gestión: Asset management subsidiary of Ibercaja, a regional Spanish bank. Comparable business model of bank-affiliated mutual fund management primarily distributed through the parent bank's regional network.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CaixaBank Asset Management