Spain’s AM industry pushes inflows up in March
The Spanish asset management industry posted some €214m net inflows in March, industry association Inverco has revealed.
The results marks an increase of €5.5m (2.6%) compared with the previous month, the data showed. Since the beginning of the year in Q1, Sicavs and funds have increased their sales by 54% year-on-year thanks to €19m more inflows.
Q1 2015 saw the second-highest increase of the industry’s AUM after the €21.3m net inflows registered in Q1 1998.
Inverco also highlighted that since December 2012 the industry has gone through 27 months of consecutive growth, posting some €91.6m since then, 75% up in two years.
Looking at sector breakdown, fixed income funds led the chart with some €61m, followed by mixed fixed income funds with €33.5m net inflows and secured funds with some €30m net inflows. Mixed equity funds also posted positive inflows of €16.5m, as well as international equity funds with €16.3m.
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