CaixaBank AM drives up net subscriptions in Spain with €460m in June

Spain’s Inverco has reported that assets under management of Spanish funds have grown by €9bn in the first half of the year, amounting to €272bn in June.

Spanish funds recorded €734m of net subscriptions in June, gathering more than €11bn of net new money over the first half of 2018.

CaixaBank AM has been the entity receiving more net subscriptions, with nearly €460m registered. BBVA AM and Sabadell AM, in second and third place, with €139m and €116m respectively.

Those are followed by Bankia Fondos with €99m in net subscriptions, Bankinter Gestión de Activos with €77m, and by Liberbank Gestión with €55m holding a sixth position.

Conversely, Santander AM and Andbank Wealth Management experienced losses of money in June, with €147m and €94m of net redemptions respectively.

ABOUT THE AUTHOR
Eugenia Jimenez
Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as assisting with coverage of Italy. She holds a UK NCTJ- accredited Multimedia News Reporting course and studied Journalism at the University of Sevilla. She has worked for local media organisations in Sevilla and Málaga, mainly in broadcasting as a news reporter, among other roles. She has also worked for a local newspaper in Sevilla, reporting on current affairs, local government and culture.

Read more from Eugenia Jimenez

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