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.