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.

ABOUT THE AUTHOR
Alicia Villegas
Alicia Villegas speaks Spanish and Italian and is Iberia Correspondent for InvestmentEurope. She was shortlisted for the Rising Star Award at the British Media Awards 2017 and Writer of the Year at the PPA Independent Publisher Awards 2016. Previously, she worked for almost three years at the seafood business website Undercurrent News as a market reporter. In Spain, she also worked for more than five years for several media outlets.

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