Spanish asset management industry body Inverco reports that assets under management (AUM) of Spanish funds have risen by €19.48bn over the nine first months of the year, amounting to €254.90bn as of the end of September 2017.
The figure is up 0.5% month-on-month with an increase of €1.92bn in comparison to the previous month.
Of this, global equity funds accounted for the the highest monthly inflows, increasing their AUM by up to €1.40bn.
Inverco’s report also reflects positive data with regards to the volume of net subscriptions. September 2017 saw the local industry record net inflows of some €200m -a €6.92bn rise year-on-year- which took January through September 2017 net suscriptions to €14.96bn.