Ibercaja funds AUM up 23% to over €3bn
Spanish bank Ibercaja has posted a 23.3% growth in its investment funds’ assets over the first half of the year.
Assets under management (AUM) stood at €3.05bn through June this year, as the Spanish bank added about 10,000 new clients over the period.
By the end of June, Ibercaja had over over 65,500 customers investing in active funds from the group.
Currently, Ibercaja offers four mutual funds’ portfolios, which differ in the level of risk assumed.
According to Ibercaja, the bank accounts for 16% of net inflows in the Spanish fund market, having reached a market share of 4.2% in June, a new record high.
The Spanish bank posted a net profit of €72.3m between January and June 2016. In spite of a scenario of interest rates at minimum levels, the bank profit increased by 3.7% year-on-year, on the back of its credit and asset management business.