Spanish funds’ AUM reach €250bn in May
Assets under management (AUM) of Spanish funds providing data to industry body Inverco went up by €2.86bn to reach €250.12bn by the end of May this year.
In the first five months of the year, Spanish funds’ AUM increased by €14.70bn, mainly on the back of net inflows, which contributed to 65% of the assets’ increase.
From January through May, global funds recorded the highest inflows, attracting €6.20bn from investors, followed by international equity funds, with €2.64m inflows, and balanced equity funds, which had €2.58bn inflows.
Fixed income funds had the largest net outflows so far this year, with €2.7bn; followed by passive funds, with €1.88bn.
Last month, global funds registered the largest increase in assets, up by €2.28bn to €27.98bn, while fixed income funds saw the largest decrease with -€759.63m to €58.56bn.
The number of fund investors through May went up to 9.38 million.