Spanish fund AUM reach highest level since March 2008

Spain’s fund industry has seen its assets under management (AUM) increase to €226.3bn through August, the highest level since March 2008.

AUM increased last month by €1.7bn, which represents a 0.8% improvement from the previous month, according to the latest data from asset manager Imantia Capital.

Net inflows in August, a month with little commercial activity, totalled €1.28bn.

By categories of funds, there were no large variations observed from July. Total industry AUM increased by 1.9% compared with the end of June, when AUM decreased by 2.3% to €217.35bn, according to data from industry association Inverco.

The most notable change is the €800m drawn by the Caixabank Rentas Euribor fund, after adding €1.6bn in July, just one month after its launch.

Following this year’s trend, buy-and-hold funds and fixed income funds recorded the highest growth.

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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