The name of the fund is already a declaration of intent: it invests in global companies that represent transformative innovation in 7 major axes of disruption: nanotechnology; ecology; wellness (welfare); gZ eneration; E-society; manufacturing 4.0; and security.
The title of the article is what it does, in a very summary way. DPAM B Equities NEWGEMS Sustainable. But unlike many thematic strategies, this fund doesn’t chase fads. Makes a combination of winners of the future with leaders of the present. Deep down we can find everything from a Microsoft to an Impinj (which I don’t think I know what it is, but I’ll tell you now), including a BasicFit or an Intuitive Surgical.
The fund looks for those companies that are going to change how we livehow we take care of ourselves, how we work and how we consume. For example, that strange company called Imp It is the one that makes the chips that allow you to pay at Decathlon by putting things in the box and detecting them. It’s not magic, it’s this company’s chips. And this is used to control inventories and a thousand other things. Imagine if in the supermarket or any store you can buy and leave without having to wait in line. Well here we go…
O Intuitive Surgicalwhich does robotic surgery. Much more reliable, less invasive… And only 5% of surgeries are done this way right now.
As we say, on the one hand, invest in consolidated companiesprofitable and with high visibility of benefits; On the other hand, he adds companies that are taking offinnovative and with high growth potential. In this fund we may find the Alphabet or NVIDIA of the future… And knowing the managers, whom I was able to see again the other day, I don’t rule it out at all.
The result is a portfolio that mixes security and ambition, stability and opportunity. It is not about choosing between stability or disruption. It’s about combining them. It has technology, but it has health. It has AI chips, but it has consumption…
The background, of course, does not usually follow any index. It is a fairly free global fund. And, although its 11% exposure to healthcare has not been good for it, managers see a lot of potential in the sector. All in all, its performance is more than good, beating the MSCI World consistently.
Source: Carlos Arenas Laorga
Other sectors that have a lot of potential are Cybersecurity and cloud infrastructure. Both managers told me about some very interesting companies in both segments.
Another of the very interesting things that they told me is summarized in the table that I put below. To summarize, higher ROE and lower (much lower) debt.
Fuente: DPAM, Bloomberg (30/09/2025)
NEWGEMS is something to have in your wardrobe, never better said. We have already been telling it in previous articles.
Innovative companies, with good margins, without going to the most expensive, diversified, with a focus on sustainability and great active management.
For those who seek long term growth with a global vision, real megatrends, active management and consistency; This fund is a clear candidate. It may sound like a self-help phrase, but it means being exposed to the winners of tomorrow without forgetting the fundamentals of today. It’s not about shining fleetingly, but about being consistent over time.