Spanish short-term bond funds’ AUM see largest increase in May

Assets of Spanish short-term bond funds went up by €1.1bn in May, according to data from asset manager Imantia Capital.

This is the largest increase of the month, followed by equity funds having faced a rise in assets of €970m.

The growth in short-term bond funds is linked to net inflows, while the growth in equity funds is due to a revaluation of assets as only €220m out of €970m increase in equity funds come from net inflows.

In May, the increase in AUM of Spain’s top ten asset managers has reached €2.9bn, with Banco Sabadell leading the race.

Banco Sabadell has faced a €970m rise in AUM primarily driven by assets’ growth in its fixed income funds assets (+85%).

According to recent figures from industry association Inverco, the Spanish asset management industry saw its total AUM increase by €1.3bn to €219bn in May.

Total industry AUM were up 0.6% compared with the end of April, but decreased by 0.4% since the start of the year.

Spanish funds inflows in May were positive for the third consecutive month, totaling €892m.

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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