Indexa Capital Group

Indexa Capital AV

Leading independent automated manager in Spain since 2015, also present in Belgium since 2020. Investment fund portfolios, pension plans, and life insurance with lower costs, higher returns, and global diversification.
More information
Bewater Asset Management SGEIC

Closed collective investment fund manager in Spain. Offers professional investors the opportunity to invest in profitable unlisted companies, through its single-investment or diversified funds.
More information
Indexa Caravel

French insurance broker operating under the Caravel brand (responsible retirement savings products) and the Indexa brand (indexed life insurance-savings).
Caravel Indexa in France

2014

Indexa Capital Group SA was founded in 2014 under the initial name “Bewa7er Market SL”, with the aim of offering an initial version of what is now Bewater Funds. It started its activity in June 2014 and paused it in September 2014 with the aim of finding a better regulatory fit.
2015

From September 2015, the founding team prioritized the development of Indexa Capital AV, a securities agency authorized by the CNMV (nº 257) established in November 2015, as a 100% subsidiary of Indexa Capital Group and began its activity in December 2015.
2018

In March 2018, the second subsidiary, Bewater Asset Management SGEIC de Tipo Cerrado SA (“Bewater Funds”), a closed-end investment fund manager, was established.
2020

In November 2020, Indexa Capital AV started its activity in Belgium, under the regime of free provision of services.
2022

In January 2022, the third subsidiary, Indexa Courtier d’Assurance SAS (“Société par Actions Simplifiée” under French law), a 100% subsidiary of Indexa Capital Group, was established to market life-saving insurance in France.
2023

In July 2023 Indexa Capital Group began trading on BME Growth, the market for SMEs (Small and medium-sized enterprises) of Bolsas y Mercados Españoles (BME).
2024

Indexa Capital Group acquires 100% of Caravel, an insurance broker specialising in retirement savings in France. Indexa Courtier and Caravel are merged and the resulting entity is renamed Indexa Caravel.

Our mission is to help our clients achieve their financial goals. To do this, we provide access to a diversified and low-cost investment proposal.
Indexa's vision is to be the independent manager with the most assets under management in Spain, and to have a relevant size in the markets where we are present. We aspire to be the leading entity to which retail clients in continental Europe turn to make their investments.
Bewater's vision is to offer investors the best risk-adjusted return in the market segments in which it operates.

The client comes first

Our long-term success as a company depends on the success of our clients. We are an LPB model: Always Low Prices. We prioritize sustainable improvement over one-time offerings.
We create value for our shareholders

We aim to provide our shareholders with a return appropriate to the risk they assume.
We seek continuous improvement

We question the status quo. We prioritize automation over manual operations.
We are honest

We tell the truth: our reputation, the trust of our clients, team, and shareholders are our main asset. We prioritize data-driven decision-making over opinions.
We focus on the long term

In our decisions, we value long-term impact above all else.

Indexa Capital Group has minority participations in other financial or insurance companies with the aim of bringing value to them and learning from other businesses close to ours.