Bankia raises exposure to funds
Spain’s Bankia has raised its share in funds by 24 bps.
Thanks to the sales of funds the Spanish bank posted €25m inflows in Q1 2015. The funds positive performance has pushed Bankia’s national fund market share from 4.85% to 5.09%.
At the of Q1, Bankia’s investment funds had risen to a total of €11.6m, 12% up compared to Q4 2014.
Overall, Bankia gained €244m in the first quarter of 2015, 12.8% up compared to the end of 2014.