Spanish funds’ Q1 AUM up on €6bn net inflows

Assets under management (AUM) of the Spanish fund industry went up by €9.4bn to reach €244.8bn by the end of March this year, according to industry body Inverco.

This represents an increase of 4% in the first three months of the year, which was driven by net inflows of €6.1bn during the quarter.

In Q1 2017, global funds attracted €3.2bn inflows, followed by euro balanced fixed income funds, which had €1.6bn inflows, and international balanced equity funds, with €1.3bn inflows.

Global funds registered last month the largest increase in assets, up 8.1% or €1.8bn to €24.6bn, while money market funds saw the largest decrease with -€773.7m or -7.9% to €9bn.

The number of fund investors through March went up to 9.3 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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