Funds registered in Spain have seen a €138m increase in assets under management (AUM) in November from the previous month, reaching €229.9bn.
This means AUM had a 0.1% increase over October, a slight growth driven exclusively by net inflows, according to data from industry body Inverco.
For nine consecutive months, Spanish funds have had positive net inflows, reaching €2.05bn last month and totalling €12bn from January to November.
Guaranteed funds registered €419m in net inflows, followed by money market funds, which attracted €327m inflows, and global funds, with €177m inflows.
On the other hand, fixed income funds had outflows, with fixed income registering -€164m and mixed fixed income -€149m.
Returns of Spanish funds in November averaged -0.37%, the latest Inverco report shows.
The number of participants in Spanish mutual funds grew to 8.1 million by the end of November, which means an increase of 15,303 investors from October.