International funds AUM grow 3.5% in Spain
Assets under management of international funds distributed in Spain have increased by €6bn in Q1 2018, representing a 3.5% increase through the first quarter of the year compared with the same period last year.
According to the Spanish industry body Inverco, AUM of international asset managers’ funds reached €174bn, encompassing the total amount of sales from Spain-based international managers to both retail and institutional Spanish clients.
As per asset classes, fixed income and monetary funds account for the highest percentage (32.4%) of the total managed assets, followed by equity funds with 33.1% , mixed funds made up 17.1%, and indexed/ETFs funds accounted for 17.4% according to Inverco estimations.
The data available shows net inflows in Q1 reached €7.69bn (see table below), with BlackRock Investments attracting €1.26bn of inflows, followed by JP Morgan AM reaching €1.23bn and by BNP Paribas with €1.16bn.
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