Spanish fund industry worth €253.1bn in July 2017

Spanish asset management industry body Inverco reports that assets under management (AUM) of Spanish funds have risen by €17.7bn over the seven first months of the year, amounting to €253.14bn as of the end of July 2017.

The figure is up 0.7% month-on-month and gets close to the historic record high of €261bn AUM reached in May 2007.

After this last increase, the industry has chained 13 months of growth. However, it is still far away of hitting the record reached between December 2012 and May 2015 with 30 consecutive months of inflows.

Inverco’s report also reflects positive data with regards to the volume of net subscriptions. In July, net new money poured into Spanish funds amounted to €1bn.

Spanish funds have boarded €13.35bn of net inflows over the first seven months of the year, a €8.65bn rise year-on-year.

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

preloader
Close Window
View the Magazine





You need to fill all required fields!