Equities drive Spanish pension funds’ returns

Spanish pension funds saw an average return of 1.1% in May, data from investment consultant Mercer reveals.

Last month’s returns compare with an accumulated return of 0.4% from January through May. In the last 12 months, Spanish pension funds had an average return of -1.7%, data from the firm’s Pension Investment Performance Service shows.

Returns from both equities and fixed income asset classes were positive in May, particularly for non-European equities, which saw returns of 3.1%. European equities had returns of 2.5% last month.

Fixed income, for its part, had returns of 0.6% in May.

Spain’s mutual funds also benefited for international equities, particularly from Japan. According to industry body Inverco, the Spanish funds with higher exposure to Japan’s equities saw the largest returns for May.

Last month’s average return for these funds was 3.74%, while funds with higher exposure to US equities had an average return of 3.07%. Funds more exposed to European equities had an average return of 2.42%, Inverco’s data shows.


Alicia Villegas
Alicia Villegas speaks Spanish and Italian and is Iberia Correspondent for InvestmentEurope. She was shortlisted for the Rising Star Award at the British Media Awards 2017 and Writer of the Year at the PPA Independent Publisher Awards 2016. Previously, she worked for almost three years at the seafood business website Undercurrent News as a market reporter. In Spain, she also worked for more than five years for several media outlets.

Read more from Alicia Villegas

Close Window
View the Magazine

You need to fill all required fields!