Spain’s AM industry posts €2.2bn in September

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The Spanish asset management industry posted total net inflows of €2.2bn in September, bringing total AUM to €188bn.

Compared with August, inflows have gone up by 1.2%, scoring a record in six years over September 2008, industry association Inverco has revealed.

During the first three quarters of 2014, total net inflows into Spanish asset management products have reached some €34.5bn, 22.3% up only in the first 9 months of the year.

Looking at sector breakdown, Inverco revealed that Guaranteed Investment Funds (GIFs) hold the highest level of AUM with €36bn at present, followed by passive funds with €24.7bn and global equities with €12.3bn.

However in September, the best performing asset class was mixed fixed income securities with €1.6bn net inflows, followed by mixed equity with €683m  and fixed income with €606m.

Global equities, GIFs and monetary funds saw outflows of €645m, €455m and €102.5m respectively.

 

Milan

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